by Raphael Roettgen
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.
(SPAC – cash in trust & PIPE)
|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|
|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|
|Kayhan Space4||0.6||U.S.||SDA||Overline, Techstars, Dylan Taylor|
|iSpace||N/A||Japan||Lunar||Airbus Ventures, Axiom Asia Private Capital|
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.