Also news about Airbus, Synspective, Insight Terra and Xplore

Embedded Ventures $100 Million Fund

Los Angeles-based Embedded Ventures has launched a $100 million fund to provide venture capital to commercial and national security companies, with a particular focus on the space sector.

LONDON (Seraphim Space Investment Trust PR) — Seraphim Space Investment Trust plc (LSE: SSIT), the world’s first listed fund focused on Space Tech, is announcing today that its portfolio company D-Orbit S.p.A. (“D-Orbit”), an Italy-based and market leading space logistics and transportation company will, subject to a number of outstanding conditions, become publicly listed through a business combination with Breeze Holdings Acquisition Corp. (NASDAQ: BREZ), a publicly traded special purpose acquisition company (the “Proposed Transaction”).

Following the close of the Proposed Transaction, which is expected to occur in the second or third quarter of 2022, the combined entity would be listed on Nasdaq Capital Market under the ticker symbol “DOBT” and would imply a post money Enterprise Value of approximately $1.28 billion.

Euroconsult announced the winners of its Finspace award during the final days of its flagship World Satellite Business Week in Paris.

PARIS, WASHINGTON, MONTREAL, YOKOHOMA, SYDNEY, TOULOUS France, 16 December 2021 – Euroconsult, the leading consulting firm specialising in the space sector and satellite markets, announced the winners of the Finspace competition at the 2021 World Satellite Business Week (WSBW) held at the Westin Hotel in Paris. A staple of the WSBW since its inception in 2017, Finspace acknowledges the year’s most avant-garde and innovative start-ups in the space sector.

Companies taking part in the Finspace competition benefit from an exceptional networking opportunity with Euroconsult’s executive level network in attendance at the event, as well as peer-level exchange of best-practices and experience. Finspace assesses companies from a comprehensive spectrum within the value chains of Satellite manufacturing or subsystems, Access to space, Satellite operations, Space traffic management and awareness, Ground segment & end user terminals, Downstream services (Satcom, EO, Information, Navigation) and Software..

Additional U.S. $109 million in capital will accelerate on-orbit services technology development, facility expansion and global hiring.

TOKYO, Nov. 25, 2021 (Astroscale PR) – Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite servicing and long-term orbital sustainability across all orbits, today announced it closed its Series F round with additional funding of U.S. $109 million from a group of new investors led by THE FUND Limited Partnership in Japan, with participation from international investors including Seraphim Space Investment Trust plc (“Seraphim Space”) in the United Kingdom and DNCA Invest Beyond Global Leaders, a sub-fund of the umbrella structured fund “DNCA Invest” incorporated under the laws of the Grand Duchy of Luxembourg, managed by DNCA Finance, a Limited Partnership in France. This is the largest funding round in the company’s history and brings the total amount raised to U.S. $300 million, affirming investors’ confidence in the rapidly expanding on-orbit servicing market.

PARIS (ESA PR) — Kicking off with a bold flourish, Φ-week 2021 promises to bring space even closer to the forefront of addressing society’s biggest challenges, namely issues associated with the climate crisis, while boosting the economy through transformative New Space, artificial intelligence, and quantum and cognitive computing.

ESA’s Φ-week is now in its fourth edition, and each year this forward-looking event is increasingly relevant to society, business and the economy.

Industry leading global strategy consultancy and market intelligence firm Euroconsult have announced the six companies that have been shortlisted for their 5th annual Finspace competition. Part of this year’s World Satellite Business Week, the Finspace initiative recognizes and celebrates the achievements of innovative startups from across the space sector.

PARIS, WASHINGTON D.C., MONTREAL, YOKOHAMA, SYDNEY, 6th October 2021 –Euroconsult’s Finspace pitch initiative was launched in 2017 as part of the company’s flagship World Satellite Business Week event and strives to showcase the most promising and innovative start-ups from across the space and satellite industry value chains. Six finalists have been selected for the 2021 awards from entries that were submitted from all across Europe, the United States, and Australia. Approximately one third of this year’s entries represented small launch development companies.

This partnership aims at opening up a new frontier in resource exploration through the rapid access to space and cutting-edge radar technologies

TUCSON, Ariz. and Berlin, Germany, September 23, 2021 (Lunasonde & Exolaunch PR) –Lunasonde, a startup that focuses on subsurface imaging from space, and Exolaunch, a global leader in rideshare launch, deployment and integration services for small satellites, announce the launch agreements to fly a portion of the Gossamer satellite constellation to a sun-synchronous orbit aboard SpaceX’s Falcon 9 Transporter missions in 2022.

by Josef Aschbacher
Director General
European Space Agency

There is no need to point out the importance of commercialisation in the space sector. It has been implemented and visibly demonstrated in all corners of the world. The commercialisation of space has entered a new dimension with the digital sector massively investing in the space sector, giving it the attention, credibility, funding and even celebrity the American space industry needed to grow colossally and at a very quick pace. Its success set off a ripple effect overseas, encouraging similar investments in space industries in Japan, China, India, UAE, to name a few. Around the globe, countries have been further encouraged to heavily invest in space after being woken up to the great economic, societal and strategic benefit potential the sector promises.

Certainly, the US has led the way more than a decade ago, but today basically every country puts a huge emphasis on putting the commercial sector into the driving seat for “NewSpace” projects, however you may wish to define NewSpace.

• Around $6.4bn was invested into SpaceTech in the first half of 2021 – equivalent to 85 per cent of investment for the whole of 2020
• The number of space deals this year is on track to eclipse the record set in 2018
• Global private investment in Q2 2021 was at a record $3.7bn, up from $2.7bn invested in Q1 2021
• The space industrial revolution is demonstrably in full swing as 573 satellites were launched during the quarter
• Seraphim’s oversubscribed Initial Public Offering provides investors with a new way to get involved in the SpaceTech market which is set for substantial growth

LONDON, August 11, 2021 (Seraphim Capital PR) — The SpaceTech sector experienced another record-breaking quarter of venture financing in Q2 2021, both in terms of amounts invested and deals done, according to the latest figures from the Seraphim SpaceTech Venture Capital Index (“the Index”) published today. 

LONDON (Seraphim Capital PR) — Seraphim Space Investment Trust plc, a newly established closed-ended investment company which will invest in a diversified international portfolio of early and growth stage Space Tech businesses, is pleased to announce that it has successfully raised gross proceeds of approximately £178.4 million [US $247 million] pursuant to the Initial Issue of its ordinary shares (“Ordinary Shares”) as described in the prospectus published by the Company on 22 June 2021.