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]
 | |
| Company type | Private |
|---|---|
| Industry | Venture Capital |
| Founded | 2017 |
| Founder | Chad Anderson |
| Headquarters | , United States |
Key people | Chad Anderson, Tom Ingersoll |
| Products | Investments |
| Website | www |
History
editOriginally 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
editSpace 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
editReferences
edit- ^ a b Rachel Jewett (May 5, 2020). "Space Angels Rebrands as Space Capital". Satellite Today.
- ^ "The Space Capital Podcast on Apple Podcasts". April 18, 2023.
- ^ "The Most Active Space Tech Investors". May 2, 2017.
- ^ a b "Space Angels Announces Branding Realignment and New $50 Million Venture Capital Fund" (Press release). Businesswire. May 5, 2020.
- ^ a b c "Space Angels, Multiple Equilibria, and Financing the Space Economy - Case - Faculty & Research - Harvard Business School". www.hbs.edu. Retrieved April 8, 2024.
- ^ Segran, Elizabeth (January 1, 2017). "Four Out-Of-This-World Predictions For The Space Industry In 2017". Fast Company.
- ^ Jao, Carren (October 16, 2014). "Meet the Entrepreneurs at the Forefront of the Space Race". Entrepreneur. Retrieved April 8, 2024.
- ^ Cite error: The named reference
:12was invoked but never defined (see the help page). - ^ "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.
- ^ "The Space Economy: Capitalize on the Greatest Business Opportunity of Our Lifetime | Wiley". Wiley.com. Retrieved April 8, 2024.
- ^ 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.
- ^ 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.
- ^ 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.
- ^ Sheetz, Michael (October 19, 2023). "Investing in Space: On satellites, the invisible backbone of global industry". CNBC. Retrieved April 8, 2024.
- ^ "Space Angels' Chad Anderson on entering a new decade in the 'entrepreneurial space age'". January 16, 2020.
- ^ Sheetz, Michael (November 1, 2017). "Space companies are receiving billions from venture backers, report says". CNBC.
- ^ 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.
- ^ "Remarks by Commerce Secretary Wilbur L. Ross at the Space Startup Summit". U.S. Department of Commerce.
- ^ "VP Pence participates in National Space Council meeting". YouTube. August 20, 2019. Retrieved June 6, 2020.
- ^ ""The GPS Playbook" by Space Capital and Silicon Valley Bank Forecasts Emerging Opportunities for Investors Based on Trillion". Bloomberg.com. March 18, 2020.
- ^ ""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.