TLDR:
Alpine Space Ventures has closed a €170 million fund to target Series A space tech rounds, primarily focusing on European startups in the space industry. The fund aims to invest in companies that serve or utilize the global space industry, with a particular emphasis on hardware and software solutions around connectivity and data.
Summary:
Alpine Space Ventures, a venture capital firm specializing in early-stage investments in the European space sector, has announced the closure of its first fund totaling €170 million. The fund primarily targets Series A rounds to build an initial position in startups within the space industry, focusing on industrialization, connectivity, and data solutions.
The investment team at Alpine Space Ventures, with over 50 years of experience, has already added five companies to its portfolio, including K2 Space, Reflex Aerospace, Morpheus Space, Blackwave, and Source Energy. These companies offer innovative solutions such as satellite manufacturing, spacecraft construction, electric thrusters, carbon-fiber reinforced pressure tanks, and solar panels for spacecraft.
Founding Partners Bulent Altan and Joram Voelklein bring significant expertise to the fund, with Altan’s past experience at SpaceX and Voelklein’s early investments in the European space tech ecosystem. The fund’s investor base includes more than 20 early SpaceX employees, the European Investment Fund (EIF), the NATO Innovation Fund (NIF), and several high-profile family offices.
Alpine Space Ventures aims to support the best entrepreneurs in the industry by investing in strong teams that prioritize customer-centricity and technical innovation. The fund’s capital will be used to scale up space-enabled solutions globally, driving momentum in the European space ecosystem.
