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Space Capital

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American early-stage venture capital firm

Space Capital LP
Company typePrivate
IndustryVenture Capital
Founded2017
FounderChad Anderson
HeadquartersNew York, United States
Key peopleChad Anderson, Tom Ingersoll
ProductsInvestments
Websitewww.spacecapital.com

Space Capital LP is an early-stage venture capital firm that invests exclusively in space-based technologies. 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.

History

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

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

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

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. The report has been cited by the United States Secretary of Commerce and by the Vice President of the United States at the sixth meeting of the National Space Council.

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

See also

References

  1. ^ 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. ^ "Space Angels Announces Branding Realignment and New $50 Million Venture Capital Fund" (Press release). Businesswire. May 5, 2020.
  5. ^ "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. Cite error: The named reference :12 was invoked but never defined (see the help page).
  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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