Space Capital

Last updated

Space Capital LP
Company typePrivate
Industry Venture Capital
Founded2017
FounderChad Anderson
Headquarters
New York
,
United States
Key people
Chad Anderson, Tom Ingersoll
Products Investments
Website www.spacecapital.com

Space Capital LP is an early-stage venture capital firm that invests exclusively in space-based technologies. [1] [2] Formed in 2017 it is based in New York City. Space Capital is the parent brand of Space Angels, an online angel investment platform, and Space Talent, a career platform and central node for space industry jobs. [3] [4]

Contents

History

Originally founded in 2007 as an angel investor network, the firm's scale was limited by its informal structure. [5] In 2012, Chad Anderson became CEO and by 2015 transitioned Space Angels away from the decentralized investing model typical of angel networks. [5] In 2015, Anderson re-founded the company and launched its first special purpose vehicle (SPV) fund. [5] [6] [7]

In 2017, Space Capital [8] [9] launched its first institutional venture capital fund of $16 million, with Tom Ingersoll joining as partner. [10] The firm has since grown to three funds and over $100 million under management. [11] [12] [13] Their investments are focused on space-based technologies such as GPS, geospatial intelligence, and satellite communications. [14]

In 2020, Space Capital formalized its brand architecture with Space Capital as the parent brand and Space Angels (founded in 2007), [1] an online angel investment platform, and Space Talent, a career platform and central node for space industry jobs, as its sub-brands. [4]

Publications

Space Capital began publishing a quarterly update on space startup and investment activity in 2017, which coined the 2010s as the entrepreneurial space age. [15] [16] [17] The report has been cited by the United States Secretary of Commerce [18] and by the Vice President of the United States at the sixth meeting of the National Space Council. [19]

On March 18, 2020, Space Capital and SIlicon Valley Bank published a report called "The GPS Playbook", [20] which forecasted emerging opportunities for investors in three high-growth fields over the coming decade: GPS, geospatial intelligence and space-based communications. [21]

See also

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References

  1. 1 2 Rachel Jewett (May 5, 2020). "Space Angels Rebrands as Space Capital". Satellite Today.
  2. ↑ "The Space Capital Podcast on Apple Podcasts". April 18, 2023.
  3. ↑ "The Most Active Space Tech Investors". May 2, 2017.
  4. 1 2 "Space Angels Announces Branding Realignment and New $50 Million Venture Capital Fund" (Press release). Businesswire. May 5, 2020.
  5. 1 2 3 "Space Angels, Multiple Equilibria, and Financing the Space Economy - Case - Faculty & Research - Harvard Business School". www.hbs.edu. Retrieved April 8, 2024.
  6. ↑ Segran, Elizabeth (January 1, 2017). "Four Out-Of-This-World Predictions For The Space Industry In 2017". Fast Company.
  7. ↑ Jao, Carren (October 16, 2014). "Meet the Entrepreneurs at the Forefront of the Space Race". Entrepreneur. Retrieved April 8, 2024.
  8. ↑
  9. ↑ "Tom Ingersoll Joins Space Capital Partners, Which Is Targeting $50m For First Venture Fund | Investment News | Trusted Insight". www.thetrustedinsight.com. Retrieved April 8, 2024.
  10. ↑ "The Space Economy: Capitalize on the Greatest Business Opportunity of Our Lifetime | Wiley". Wiley.com. Retrieved April 8, 2024.
  11. ↑ Anderson, Chad (April 10, 2023). "Space Capital launches Fund 3 to continue investing at the intersection of space and tech". Space Capital. Retrieved April 8, 2024.
  12. ↑ Dargan, James (January 3, 2023). "Founder & Managing Partner of Space Capital Talks New Investments, Space Stocks & The Outlook for Space Ventures in 2023". Space Impulse. Retrieved April 8, 2024.
  13. ↑ Anderson, Chad (March 16, 2022). "Space Capital closes $32M for second institutional fund to continue investing at the intersection…". Space Capital. Retrieved April 8, 2024.
  14. ↑ Sheetz, Michael (October 19, 2023). "Investing in Space: On satellites, the invisible backbone of global industry". CNBC. Retrieved April 8, 2024.
  15. ↑ "Space Angels' Chad Anderson on entering a new decade in the 'entrepreneurial space age'". January 16, 2020.
  16. ↑ Sheetz, Michael (November 1, 2017). "Space companies are receiving billions from venture backers, report says". CNBC.
  17. ↑ Mosher, Dave. "10 years ago, the world laughed at private space companies. $25.7 billion later, a new report claims we are at the 'dawn of the entrepreneurial space age.'". Business Insider.
  18. ↑ "Remarks by Commerce Secretary Wilbur L. Ross at the Space Startup Summit". U.S. Department of Commerce.
  19. ↑ "VP Pence participates in National Space Council meeting". YouTube. August 20, 2019. Retrieved June 6, 2020.
  20. ↑ ""The GPS Playbook" by Space Capital and Silicon Valley Bank Forecasts Emerging Opportunities for Investors Based on Trillion". Bloomberg.com. March 18, 2020.
  21. ↑ ""The GPS Playbook" by Space Capital and Silicon Valley Bank Forecasts Emerging Opportunities for Investors Based on Trillion Dollar Space-Based Technology". Associated Press . March 18, 2020.
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