LUXEMBOURG (Promus Ventures PR) — Promus Ventures is pleased to announce that Orbital Ventures (“the Fund”) has closed at €120 million [US $139.3 million]. Anchored in Luxembourg, the Fund is focusing on early-stage, space-related companies.

The European Investment Fund committed €40 million [US $46.4 million], adding to the Fund’s international exposure. Other investors include international corporate, institutional, and private investors, as well as public actors. Among them is the Luxembourg Government via the Ministry of the Economy and the National Credit and Investment Institution (SNCI) which have invested in the Fund, reaffirming the country’s leading position on the international space stage.