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- Antwork
Antwork Funding, Investors & Competitors
Antwork has raised $320M across 4 funding rounds, most recently a Series C in November 2025.
Last Antwork funding round
Series C
Amount undisclosed · Nov 2025
Cumulative funding Antwork raised
$320M
across 4 funding rounds
Key investors in Antwork
UnityVC
HSG
Gobi Partners
Panda Capital
Jiuhe Venture Capital
Raytheon
Hangzhou Low Altitude Industry Development
Sichuan Development Guidance Fund
Antwork Overview
About Antwork
Antwork is an AI-powered drone logistics firm developing autonomous networks for package delivery using drones and ground vehicles. Headquartered in China, it focuses on urban last-mile solutions with integrated software for flight planning and payload management.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Antwork Funding History
Antwork has raised a total of $320M across 4 funding rounds.
Antwork's first fundraising round was a $4M Series A in August 2018. The most recent completed round was a Series C in November 2025.
Antwork funding rounds
| Date | Stage | Investors | Raised |
|---|---|---|---|
| Nov 2025 | Series C | Hangzhou Low Altitude Industry Development (lead); Zigong General Aviation Industry Development Equity Investment Fund (lead); Sichuan Development Guidance Fund | - |
| Dec 2021 | Series B | Thor Capital Group (lead); UnityVC | $314M |
| Nov 2021 | Series B | Raytheon (lead); Jiuhe Venture Capital | $2M |
| Aug 2018 | Series A | UnityVC; Gobi Partners; Panda Capital; HSG | $4M |
Who has invested in Antwork?
10 investors have backed Antwork across its funding rounds, including UnityVC, HSG, Gobi Partners, Panda Capital, Jiuhe Venture Capital and Raytheon.
Lead investors include Hangzhou Low Altitude Industry Development, Zigong General Aviation Industry Development Equity Investment Fund, Thor Capital Group and Raytheon.
Antwork Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Aug 2018 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Participant | Aug 2018 | ||
| -- | 1 | Participant | Nov 2021 | |
| 1 | Lead | Nov 2021 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Lead | Nov 2025 | ||
| 1 | Participant | Aug 2018 | ||
This data is available for Pro users. Sign up to see all 10 Antwork investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAntwork Competitors
Antwork competitors include listed companies like UBtech Robotics and Infleqtion, and private ones like Dexterity, Cowarobot, AI² Robotics and Orby.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.4B | - | ||
| Publicly listed | $298M | ($108M) | $5.1B | 9.5x | ||
| Private | $140M | - | $3B | 21.4x | ||
| Private | $15M | - | $3B | - | ||
| Private | - | - | $2.5B | - | ||
| Publicly listed | $29M | ($52M) | $3.1B | 64.5x |
Antwork Public Comps
Antwork is still privately-owned, but its public comps include Tesla, Stryker, UPS, Canadian National Railway, FedEx, Deutsche Post, Maersk, DSV, Adani Ports & Special and Poste Italiane.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $95B | $10B | 15.0x | 13.8x | 140.8x | 97.4x | |||
| $25B | $6.3B | 4.7x | 4.5x | 18.8x | 15.6x | |||
| $89B | $12B | 1.2x | 1.2x | 9.2x | 8.8x | |||
| $12B | $6.5B | 7.2x | 6.8x | 13.6x | 13.9x | |||
| $95B | $11B | 1.1x | 1.1x | 9.5x | 9.9x | |||
| $95B | $13B | 1.0x | 1.0x | 7.8x | 7.4x | |||
| $54B | $10B | 1.1x | 1.0x | 5.9x | 5.4x | |||
| $38B | $3.6B | 1.6x | 1.3x | 16.4x | 11.5x | |||
This data is available for Pro users. Sign up to see all Antwork competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Antwork
| When was Antwork founded? | Antwork was founded in 2015. |
| Where is Antwork headquartered? | Antwork is headquartered in Hangzhou, China. |
| Is Antwork publicly listed? | No, Antwork is a private, VC-backed company. |
| How much funding has Antwork raised? | Antwork has raised $320M across 4 funding rounds. |
| What was Antwork's last funding round? | Antwork's last funding round was a Series C in November 2025, led by Hangzhou Low Altitude Industry Development and Zigong General Aviation Industry Development Equity Investment Fund. |
| Who are Antwork's investors? | Antwork's investors include UnityVC, Sichuan Development Guidance Fund, Gobi Partners, Jiuhe Venture Capital, Raytheon, Panda Capital, Zigong General Aviation Industry Development Equity Investment Fund, HSG, Thor Capital Group and Hangzhou Low Altitude Industry Development. |
| Which companies are comparable to Antwork? | Companies comparable to Antwork include Dexterity, UBtech Robotics, Cowarobot, AI² Robotics, Orby and Infleqtion. |
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