Glex Summit 2024 - Banner

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

by Raphael Roettgen

Photo by NASA on Unsplash.

Two dozen rounds including yet another space company merger with a SPAC – October was a good month on the space financing front. Close to home, at E2MC Ventures we are thrilled to appear twice on this month’s table, supporting both Space Perspective and Satellite Vu.

On the M&A front, 51% of publicly-listed Israeli satcomm company Spacecom were sold to Hungarian 4iG, and Rocket Lab acquired software company Advanced Solutions.

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 happen to speak German!) you may be interested in my book I recently published with Spacewatch.Global – you can check it out here.

Company US$m Country Subsector Investors
Terran Orbital 396.0

(SPAC – cash in trust & PIPE)

U.S. Spacecraft hardware


AE Industrial Partners, Beach Point Capital, Daniel Staton, Lockheed Martin, Fuel Venture Capital, Francisco Partners


ABL Space Systems 200.0 U.S. Launch T. Rowe Price, Fidelity Management, Venrock, New Science Ventures, Lynett Capital, Lockheed Martin Ventures, others


Space Perspective 40.0 U.S. Space tourism 1517 Fund, Base Ventures, E2MC Ventures, Explorer 1 Fund, Kirenaga Partners, LightShed Ventures, Prime Movers Lab, SpaceFund, Tony Robbins, Yamauchi-No.10 Family Office


Beijing Aerospace Satelliteherd 30.0 China Diversified Orient Securities, Peak Valley Capital, Tianga Haitang Fund, Future Capital, Yinxinggu Capital


AiDash 27.0 U.S. Remote sensing – downstream Benhamou Global Ventures, G2VP, National Grid Partners


Satellite Vu 20.7 UK Remote sensing A/O PropTech, Draper Esprit, E2MC Ventures, National Science Foundation, Ridgeline Ventures, Seraphim Capital, Stellar Solutions


Hedron 17.8 U.S. Satcomm Explorer 1 Fund, Fine Structure Venture, Flybridge, Lime Street Ventures, Lockheed Martin Ventures, NKM Capital, Republic Capital, Space Angels, The Engine, The Yard Ventures


Muon Space 10.0 U.S. Remote sensing Costanoa Ventures, Space Capital, Congruent VC, Ubiquity Ventures, South Park Commons, and Climactic VC


Infostellar 6.2 Japan Satcomm (ground) Space Frontier Fund, Mitsubishi, ITOCHU, Next New Business and Technologies I Limited Partnership, Mizuho Growth Fund No.4


Fixposition 6.0 Switzerland GNSS Momenta, True Ventures, Hasler Stiftung, Miracle Plus, Cultivation Capital, G&M Capital


Kuva Space 4.9 Finland Remote sensing Voima Ventures, Nordic FoodTech Venture Capital, ESA InCubed, VTT Technical Research Centre of Finland


Sust Global 3.2 UK Remote sensing – downstream Hambro Perks, Vala Capital, Powerhouse Ventures, Thirdstream Partners, others


Dhruva Space 2.9 India Spacecraft hardware Blue Ashva Capital, IAN Fund


Attentive 2.0 India Remote sensing – downstream Abhishek Khurana, Info Edge ventures, Pavitar Singh, Redstart Labs


Farmbot Monitoring Solutions 2.0 Australia Satcomm (IoT) Telstra, Macdoch Ventures, Follow the Seed, others


TrustPoint 2.0 U.S. GNSS DCVC


Sidereus Space Dynamics 1.7 Italy Launch CDP Venture Capital, Primo Ventures


Spaced Ventures 1.2 U.S. Crowdfunding platform WorldQuant Ventures LLC, Alex Fisher


Sofant Technologies 1.2 UK Satcomm British Business Bank, NetScientific


CarbonSpaceTech 1.0 Germany Remote sensing Rockstart, The Yield Lab Europe


CSX Carbon 0.7 UK Remote sensing – downstream


Maughan Capital


Kayhan Space4 0.6 U.S. SDA Overline, Techstars, Dylan Taylor


Space Crystals 0.2 U.S. Lunar N/A


iSpace N/A Japan Lunar Airbus Ventures, Axiom Asia Private Capital


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

#SpaceWatchGL Opinion: 10 iconic marketing campaigns in Space

Marketing in outer space seems like an innovative idea, but it has 60+ years of history. Dr. Wernher von Braun, former Marshall Space Flight Center Director, pointed out on July 22, 1969: "Because without public relations we would have been unable to do it". Today, accelerated access to space provides unprecedented opportunities for #advertising stunts and viral marketing. Some campaigns raise ethical, environmental, and regulatory concerns, while others champion sustainability.