Airbus Ventures, one of the most prolific investors in space startups, raised an $155 million fund.
Airbus Ventures, one of the most prolific investors in space startups, has raised a $155 million fund.
"This fund is designed to unlock new possibilities, and space is one of them," Thomas d'Halluin, managing partner of Airbus Ventures, told CNBC.Airbus Ventures' new"Fund-Y" is targeting long-term opportunities in early stage deep tech startups —which d'Halluin defines as"going back to the laws of physics and and not being afraid of what's difficult.
About a third of Airbus Ventures' capital deployed so far has been in the space sector, the firm said, backing 14 pure-play companies in the sector, with notable investments including propulsion startup Impulse, lunar cargo company ispace and tracking service LeoLabs. He emphasized the importance of funding founders with the"extremely rare" trait of great execution, highlighting Airbus Ventures' backing of Impulse. The startup was founded by Tom Mueller, best known for developing SpaceX's family of rocket engines.
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