Masdar - Banner 2

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

by Raphael Roettgen

Photo by NASA on Unsplash.

No SPAC mergers with space companies in November, but a blockbuster round of US$1.4 billion for Sierra Space. We also had ‘traditional’ public listings by Telesat and Mynaric (of ADSs).

It was also an interesting month on the M&A front with deals including Redwire / Techshot, Inmarsat / Viasat, Planet / VanderSat, and Rocket Lab / Planetary Systems Corp.

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.

CompanyUS$mCountrySubsectorInvestors
Sierra Space1400U.S.DiversifiedAE Industrial Partners, BlackRock Private Equity Partners, Coatue, General Atlantic, Moore Strategic Ventures

 

Hawkeye360145U.S.Remote sensingAdage Capital Management, Advance, Gula Tech Adventures, Insight Partners, Jacobs Ventures, New North Ventures, NightDragon Security, Razor’s Edge Ventures, Seraphim Capital, Shield Capital Partners, SVB Capital

 

Astroscale109JapanOrbit servicesAXA Life Japan, Chiba Dojo, DNCA Finance, Energy & Environment Investment, Innovation Engine, Japan Growth Capital Investment Corp., Opus Japan, preludecapital, Seraphim Capital, Solaris ESG Master Fund, THE FUND Limited Partnership, Yamauchi-No.10 Family Office, YS Investment

 

Ada Space55.6ChinaRemote sensingDongguan Financial Holdings, Hengjian Holding, Oriental Fortune Capital, Qingchuang Bole Investment

 

Anuvu50U.S.SatcommApollo Capital Management, Arbour Lane, Sound Point Capital Management

 

Fleet Space26.3AustraliaSatcommAlumni Ventures, Artesian VC, Blackbird Ventures, Grok Ventures, Horizons Ventures, Hostplus, In-Q-Tel

 

Satlantis18.7SpainSpacecraft componentsAxis, CDTI, Enagas, Orza Investments

 

GHGSat16.1CanadaRemote sensingSustainable Development Technology Canada (SDTC)

 

Inversion Space10.0U.S.Orbit servicesDavid Hodge, Embedded Ventures, FundersClub, Kyle Vogt, Liquid 2 Ventures, Spark Capital, Y Combinator

 

SpeQtral8.3SingaporeSatcommXora Innovation
The Exploration Company6.0GermanyOrbit servicesCherry Ventures, Promus Ventures, Vsquared Ventures

 

Cognitive Space5.7U.S.OtherN/A
Hydrosat5.0U.S.Remote sensingCultivation Capital, Expon Capital, Freeflow Ventures, OTB Ventures, Santa Barbara Venture Partners

 

Overstory3.8NetherlandsRemote sensing – downstreamAlex Roetter, Bill Clerico, CapitalT, Climate Capital, Futuristic.vc, Ilya Volodarsky, Justin Stevens, Mark Tercek, Moxxie Ventures, My Climate Journey Collective, Omidyar Technology Ventures, Overwater Ventures, Pale Blue Dot, Powerhouse Ventures, Shomik Dutta, Toba Capital

 

SatsureN/AIndiaRemote sensing – downstreamBaring Private Equity India, others

 

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 Cafè Italy by Dr. Emma Gatti ep. 6 with Giorgio Saccoccia Recap

On Nov. 30th, 2022, for the 6th episode of Space Cafè Italy, Editor in Chief Dr. Emma Gatti had the opportunity to interview  Giorgio Saccoccia, the president of the Italian Space Agency, just few days after the ESA Ministerial Council, which was held in Paris on Nov. 22 and 23.