Rivada Space Networks - Banner

#SpaceWatchGL Column: E2MC Update On Space-Financing Rounds in May 2021

by Raphael Roettgen

Photo by NASA on Unsplash.

May 2021 saw over US$600 million raised in private fundraising for space-related companies.

More than two-thirds of this amount comes from the announcement of another SPAC merger, this time with quantum key distribution company ArQit (as before, this amount assumes cash in trust, PIPE, no redemptions/repayments, and is before fees).

Close to home, E2MC Ventures was happy to participate in Pangea Aerospace’s round.

Reminder: if you are following the new space sector and are looking for a concise introduction to its trends, main business activities, and possible outlook (and if you happen to speak German!) you may be interested in the new book I recently published with Spacewatch.Global – you can check it out here.

 

CompanyUS$mCountrySubsectorInvestors
ArQit416.0

(SPAC)

UKOther (quantum key distribution)VirginOrbit, Sumitomo, Heritage Group

 

Firefly Aerospace75.0U.S.LaunchAstera Institute, Canon Ball, DADA Holdings, Raven Ventures Australia, SMS Capital Management, XBTO Group

 

CAS Space31.0ChinaLaunch / spacecraft components

 

Yuexiu Financial Holdings, CPE Funds Management, China V Fund, others

 

Axelspace23.6JapanRemote sensing31Ventures, Japan Post Investment, Kyocera, Mitsubishi UFJ Capital, SPARX Innovation for the Future, Sumitomo Mitsui Trust Investment

 

Ramon Space17.5U.S. / IsraelSpacecraft components (computing systems)

 

Deep Insight, Grove Ventures, StageOne Ventures, UMC Capital, WorldQuant Ventures LLC

 

Agnikul11.0IndiaLaunchAarti Ramamurthy, Abhishek Singhania, Anand Mahindra, Anicut Angel Fund, Artha India Ventures, Balaji Srinivasan, BEENEXT, Globevestor, LetsVenture, LionRock Capital, Mayfield Fund, Naval Ravikant, Nithin Kamath, Pi Ventures, Speciale Invest, Sriram Krishnan

 

Skyroot11.0IndiaLaunchAnil Chalamalasetty, Graph Ventures, Mahesh Kolli, Mukesh Bansal, Neeraj Arora, Solar Group, Sutton Capital, Vedanshu Investments, WorldQuant Ventures LLC

 

Quasar Satellite Technologies9.3AustraliaSatcomm (equipment)The Office of the NSW Chief Scientist & Engineer and CSIRO, along with partners Main Sequence, Vocus, Saber Astronautics, Fleet Space Technologies and Clearbox Systems

 

Maritime Launch Services8.7CanadaOther (spaceport)

 

PowerOne Capital Markets

 

Roofr4.3U.S.Remote sensing – downstream (roofing)

 

Avidbank, Bullpen Capital, Crosslink Capital
Pangea Aerospace3.7U.S.Launch / spacecraft components

 

CDTI, Dozen Investments, E2MC Ventures, Inveready, Primo Ventures

 

Alba Orbital3.4UKSpacecraft components (satellites)

 

James Park, Liquid 2 Ventures, Metaplanet Holdings, Soma Capital, Uncommon Denominator, Y Combinator, Zillionize

 

Latitudo400.1ItalyRemote sensing – downstream (smart cities, agtech)

 

CRiF, Fondazione Golinelli
Venture Orbital Systems

 

0.1FranceLaunchRégion Grand Est
BountifulN/AU.S.Remote sensing – downstream (agtech)

 

2.12 Angels
Dawn AerospaceN/ANew Zealand / Netherlands

 

Launch / spacecraft components

 

Movac
DDK PositioningN/AUKGNSSIridium
Horizon TechnologiesN/AUKRemote sensing (maritime)

 

Maven Capital Partners, Virgin Money
StratodyneN/AU.S.Remote sensing (stratosph. blimps)

 

Alchemist Accelerator

 

Raphael Roettgen; Photo courtesy of the author

Raphael Roettgen provides financial advice to and invests proprietary capital in space companies as a managing director and founder of E2MC. He also advises institutional investors and governments on space. Previously, Raphael has held senior roles at global investment banks and hedge funds and was also a fintech entrepreneur in Brazil. He holds degrees in finance from Wharton, machine learning from PUC-Rio and space studies from the International Space University, as well as the CFA and FRM charters.

Check Also

Space Café Scotland by Angela Mathis – Scotland’s Space Sustainability Roadmap

Our Space Café Scotland by Angela Mathis took place on Thursday, 24th November. Angela, CEO of ThinkTank Maths was joined by panelists to talk about Scotland’s Space Sustainability Roadmap. Space offers both economical and investment opportunities. It enables humanity to watch what we are doing to the planet in real time and do something about it.