TLDR:
Alpine Space Ventures has closed a $185 million fund to target space startups, primarily in Europe with a special focus on industrialization of the space sector and connectivity/data solutions. The fund, led by founding partners Bulent Altan and Joram Voelklein, will invest up to $5.4 million in no more than 10-15 companies, including K2 Space, Reflex Aerospace, Morpheus Space, Blackwave, and Source Energy.
Article Summary:
Alpine Space Ventures, a European venture capital firm, revealed the closure of its $185 million fund to support space startups. The fund, which targets early-stage companies in the space industry, will focus on Series A funding rounds primarily in Europe, but also in the U.S. and other regions. The fund’s key areas of interest include the industrialization of the space sector and developing hardware and software solutions related to connectivity and data.
The fund intends to invest in a select group of companies, with a portfolio size ranging from 10 to 15, providing initial investments of up to $5.4 million per company. Some of the notable companies in the Alpine Space Ventures portfolio include mega satellite manufacturer K2 Space, Reflex Aerospace, Morpheus Space, Blackwave, and Source Energy.
The founding partners of the fund, Bulent Altan, a former SpaceX executive, and Joram Voelklein, an investor and entrepreneur, emphasized their focus on backing strong teams with market understanding, customer-centric approaches, and the ability to rapidly develop technical solutions. The fund has attracted investment from over 20 early SpaceX employees, the European Investment Fund (EIF), the NATO Innovation Fund (NIF), and various influential family offices.
