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#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.

 

Company US$m Country Subsector Investors
ArQit 416.0

(SPAC)

UK Other (quantum key distribution) VirginOrbit, Sumitomo, Heritage Group

 

Firefly Aerospace 75.0 U.S. Launch Astera Institute, Canon Ball, DADA Holdings, Raven Ventures Australia, SMS Capital Management, XBTO Group

 

CAS Space 31.0 China Launch / spacecraft components

 

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

 

Axelspace 23.6 Japan Remote sensing 31Ventures, Japan Post Investment, Kyocera, Mitsubishi UFJ Capital, SPARX Innovation for the Future, Sumitomo Mitsui Trust Investment

 

Ramon Space 17.5 U.S. / Israel Spacecraft components (computing systems)

 

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

 

Agnikul 11.0 India Launch Aarti 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

 

Skyroot 11.0 India Launch Anil Chalamalasetty, Graph Ventures, Mahesh Kolli, Mukesh Bansal, Neeraj Arora, Solar Group, Sutton Capital, Vedanshu Investments, WorldQuant Ventures LLC

 

Quasar Satellite Technologies 9.3 Australia Satcomm (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 Services 8.7 Canada Other (spaceport)

 

PowerOne Capital Markets

 

Roofr 4.3 U.S. Remote sensing – downstream (roofing)

 

Avidbank, Bullpen Capital, Crosslink Capital
Pangea Aerospace 3.7 U.S. Launch / spacecraft components

 

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

 

Alba Orbital 3.4 UK Spacecraft components (satellites)

 

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

 

Latitudo40 0.1 Italy Remote sensing – downstream (smart cities, agtech)

 

CRiF, Fondazione Golinelli
Venture Orbital Systems

 

0.1 France Launch Région Grand Est
Bountiful N/A U.S. Remote sensing – downstream (agtech)

 

2.12 Angels
Dawn Aerospace N/A New Zealand / Netherlands

 

Launch / spacecraft components

 

Movac
DDK Positioning N/A UK GNSS Iridium
Horizon Technologies N/A UK Remote sensing (maritime)

 

Maven Capital Partners, Virgin Money
Stratodyne N/A U.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.

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