According to Orbital Ventures/Promus Ventures, Partner Gareth Keane, “At Promus Ventures, we invest in early-stage deep-tech companies with exceptional teams and ground-breaking ideas and technologies, and Promus Ventures is excited to support Isotropic Systems through our space-focused Orbital Ventures fund. According to Orbital Ventures/Promus Ventures, Partner Gareth Keane, "At Promus Ventures, we invest in early-stage deep-tech companies with exceptional teams and ground-breaking ideas and technologies, and Promus Ventures is excited to support Isotropic Systems through our space-focused Orbital Ventures fund. Promus Ventures The release seems to indicate that US Promus Ventures is the first alongside BlaBlaCar CTO Olivier Bonnet. Venture Capital Access Online | Venture Capital News Promus Ventures Raises New $140M Space Fund. While Promus Ventures’ invests across a range of industries, its track history in the space sector includes … According to Orbital Ventures/Promus Ventures, Partner Gareth Keane, “At Promus Ventures, we invest in early-stage deep-tech companies with exceptional teams and ground-breaking ideas and technologies, and Promus Ventures is excited to support Isotropic Systems through our space-focused Orbital Ventures fund. LPs include Promus Ventures, BCEE, BGL BNP Paribas, BIL, OHB and the Government of Luxembourg. US orbital launch provider Rocket Lab has closed a Series E financing round of $140 million (USD). The Orbital Ventures fund was created in 2020 and is managed by Promus Ventures, a specialised VC company with a strong track record of investing in geospatial companies sch as Rocket Lab, Spire and ICEYE. Kymberly Thoumaked Legal Counsel. What is the objective of this fund? Although the amount invested into Orbital Ventures by the government was not disclosed, Schneider said the fund had reached an initial closing of USD 78 million. Promus Ventures has closed its Orbital Ventures fund on €120 million. Recycleye, a developer of digital tools designed to detect and provide analytics on waste management, has raised a £3.5M funding in a seed round.. Who invested? Potential | An experienced and globally focused venture capital company, we are split between the US and Europe. Promus Ventures, located in Chicago, San Francisco, and Luxembourg, is managing the Orbital Ventures fund. LUXEMBOURG (Luxembourg Government PR) – During a meeting of a parliamentary committee, Étienne Schneider, Deputy Prime Minister and Minister of the Economy confirmed that the Government of Luxembourg, together with public and private sector partners, have invested a stake in Orbital Ventures (‘the Fund’), an investment fund focused on early … The Orbital Ventures fund was created in 2020 and is managed by Promus Ventures, a specialised VC company with a strong track record of investing in geospatial companies sch as Rocket Lab, Spire and ICEYE. Led by deep-tech venture capital firm Promus Ventures through its Orbital Ventures space fund, and with existing investors Playfair Capital, MMC Ventures, Atypical Ventures, and Creator Fund all participating. Further information is available at www.isotropicsystems.com Chicago-based Promus Ventures has closed a €120 million ($139 million) space fund, dubbed Orbital Ventures, focused on early-stage space companies. From Europe, with global reach, driven by the European values of…. Rocket LabRocket Lab is the global leader in small satellite launch. The Orbital Ventures fund was created in 2020 and is managed by Promus Ventures, a specialised VC company with a strong track record of investing in geospatial companies such as Rocket Lab, Spire and ICEYE. Promus Ventures Raises New $140M Space Fund. The European Investment Fund contributed €40 million, while other investors include the Luxembourg Government through the Ministry of Economy and the National Credit and … Secures production and commercialisation of Isotropic’s next-gen ground antennas, designed to vastly improve connectivity across the satellite ecosystem The Orbital Ventures fund was created in 2020 and is managed by Promus Ventures, a specialised VC company with a strong track record of investing in geospatial companies sch as Rocket Lab, Spire and ICEYE. According to Orbital Ventures/Promus Ventures, Partner Gareth Keane, “At Promus Ventures, we invest in early-stage deep-tech companies with exceptional teams and ground-breaking ideas and technologies, and Promus Ventures is excited to support Isotropic Systems through our space-focused Orbital Ventures fund. The Orbital Ventures fund was created in 2020 and is managed by Promus Ventures, a specialised VC company with a strong track record of investing in geospatial companies sch as Rocket Lab, Spire and ICEYE. Bjorn Sunde. A major step for Luxembourg’s space sector 04/11/2021. 03-11-2021 . This new space fund (Orbital Ventures) will sit alongside our four other Promus Ventures deep tech funds. Proceeds Will Fund Rocket Lab Growth, Including New 8-Ton Class Reusable “Neutron” Rocket for Mega Constellations, Deep Space Missions, and Human Spaceflight. Alex Umfrid General Counsel. Recycleye raises £3.5M seed funding. Chicago-based Promus Ventures has closed a € 120 million ($ 139 million) space fund called Orbital Ventures, which focuses on early-stage space companies. In the €7.1m fundraising by Munich-based Fernride, announced in July, and led by 10X Capital, "Orbital Ventures was the second largest investor," says Festal. Promus Ventures has backed high-profile companies in the geospatial sector including RockeLab, Mapbox, Spire, ICEYE among others. Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns. Promus Ventures Closed €120M Space Fund Press Release From: Promus Ventures Posted: Monday, October 25, 2021 Promus Ventures is pleased Linklaters Luxembourg Investment Funds team recently advised Promus Ventures in the fundraising of Orbital Ventures, a fund at the heart of Luxembourg’s expanding space strategy. Linklaters Luxembourg Investment Funds team recently advised Promus Ventures in the fundraising of Orbital Ventures, a fund at the heart of Luxembourg’s expanding space strategy.The ‘Space Fund’, focusing on international early-stage space companies, closed at €120 million. Promus Ventures, the leading deep tech and software VC specialist, is pleased to announce that Orbital Ventures (“the Fund”), the public-private partnership venture capital investment fund focused on early-stage space-related companies, has closed at a final €[120]m, significantly above its initial €[100]m target following strong demand. Promus Ventures has invested in various industries, but its track record in the space sector includes investments in Rocket Lab, Spire, and Swift Navigation. The company’s seed round takes its total funding to-date to £4.7M since it was founded in 2019 by CEO Victor Dewulf and CTO Peter Hedley. Space Industry Related. Promus Ventures made its first space investment in 2014 into Spire. The company’s seed round takes its total funding to-date to £4.7M since it was founded in 2019 by CEO Victor Dewulf and CTO Peter Hedley. 03-11-2021 . The new fund, which will be based in Luxembourg, grew out of a mix of public and private investment. Promus closes €120M Orbital vehicle. The new fund, which will be based in Luxembourg, grew out of a mix of public and private investment. 03-11-2021 . Although the amount invested into Orbital Ventures by the government was not disclosed, Schneider said the fund had reached an initial closing of USD 78 million. Linklaters Luxembourg Investment Funds team recently advised Promus Ventures in the fundraising of Orbital Ventures, a fund at the heart of Luxembourg’s expanding space strategy. Bringing Global Solutions to your door step. LEARN MORE. Taylor Wessing, led by Munich based partner Dr. Peter Hellich, has advised The Exploration Company GmbH on its foundation and subsequent seed financing round by Promus Ventures, Vquared Ventures and Cherry Ventures.The investment of EUR 6.8 million will serve to start the company’s operations. Average round investment: 19.65M USD. Chicago-based Promus Ventures has closed a €120 million ($139 million) space fund, dubbed Orbital Ventures, focused on early-stage space companies. Promus Ventures Closed €120M Space Fund Managed by deep-tech VC firm Promus Ventures, Orbital Ventures has closed on several investments to date. The deep-tech venture capital company has a strong track record investing in successful geospatial companies, including industry leaders such as Rocket Lab (Nasdaq: RKLB), Spire (NYSE: SPIR), ICEYE, Mapbox, Swift Navigation, and others. Promus Ventures has closed a €120 million space fund named Orbital Ventures, Promus announced. Orbital Ventures targets early-stage investment opportunities in areas such as space-based telecommunications network and services, … Promus Ventures Closed €120M Space Fund Doug Messier - December 4, 2021 0 LUXEMBOURG (Promus Ventures PR) — Promus Ventures is pleased to announce that Orbital Ventures (“the Fund”) has closed at €120 million [US $139.3 million]. Priyanka Chopra CFO, Ventures. The Orbital Ventures fund was created in 2020 and is managed by Promus Ventures, a specialised VC company with a strong track record of investing in geospatial companies sch as Rocket Lab, Spire and ICEYE. The round was led by deep-tech venture capital firm Promus Ventures through its Luxembourg based space investment fund, Orbital Ventures. According to Orbital Ventures/Promus Ventures, Partner Gareth Keane, “At Promus Ventures, we invest in early-stage deep-tech companies with exceptional teams and ground-breaking ideas and technologies, and Promus Ventures is excited to support Isotropic Systems through our space-focused Orbital Ventures fund. Chicago-based Promus Ventures has closed a €120 million ($139 million) space fund, dubbed Orbital Ventures, focused on early-stage … Holberton School, the coding school that bills itself as an alternative to college for budding software engineers from all walks of life, keeps expanding. According to Orbital Ventures/Promus Ventures, Partner Gareth Keane, “At Promus Ventures, we invest in early-stage deep-tech companies with exceptional teams and ground-breaking ideas and technologies, and Promus Ventures is excited to support Isotropic Systems through our space-focused Orbital Ventures fund. Orbital Ventures is an investment fund focused on early stage companies engaged in space activities. Orbital Ventures lifts off with first fund . Investing in People. Chicago-based Promus Ventures has closed a €120 million ($139 million) space fund, dubbed Orbital Ventures, focused on early-stage space companies. - Strong strategic investor support from existing investors including AEI HorizonX, Promus Ventures through its Luxembourg based space investment fund Orbital Ventures, SES and UK Government The new fund, which will be based in Luxembourg, grew out of a mix of public and private investment. In order to deliver a return to investors, the Fund will prioritise innovative companies with products or services either already generating revenues or set to do so in the near term. According to Orbital Ventures/Promus Ventures, Partner Gareth Keane, “At Promus Ventures, we invest in early-stage deep-tech companies with exceptional teams and ground-breaking ideas and technologies, and Promus Ventures is excited to support Isotropic Systems through our space-focused Orbital Ventures fund. Promus Ventures, a Chicago-based venture capital company, has reported raised $140 million for its new fund, which has been named “Orbital Ventures.”. According to Orbital Ventures/Promus Ventures, Partner Gareth Keane, "At Promus Ventures, we invest in early- stage deep-tech companies with exceptional teams and ground-breaking ideas and technologies, and Promus Ventures is excited to support Isotropic Systems through our space-focused Orbital Ventures fund. Back. Orbital Ventures, which made its first close in January 2020, has also made several investments, including in satellite terminal developer Isotropic Systems, geospatial data company Ellipsis Drive, and … Isotropic Systems has raised over $40 million in a round of funding led by telecommunications company SES and will use the capital to further develop its multibeam antenna.. Boeing's HorizonX Global Ventures, Firmament Ventures, Space Angels, Promus Ventures' Orbital Ventures fund and the U.K. government's Future Fund participated in the … Poonam Thakur India and SE Asia Communications. The new fund will be investing in early-stage space and geospatial firms across the globe. Close. The new Luxembourg-based fund is the result of a combination of public and private investment. Banafsheh Fathieh Americas Investments. Promus Ventures is pleased to announce that Orbital Ventures (“the Fund”) has closed at €120M. The round was led by deep-tech venture capital firm Promus Ventures through its Luxembourg based space investment fund, Orbital Ventures. About; Businesses; Contact; ©2020 M.W. Investors in Isotropic Systems include Boeing HorizonX Global Ventures, SES and Promus Ventures through its Luxembourg based space investment fund, Orbital Ventures, Seraphim Capital, Firmament Ventures, Space Angels and family office investors such as Waterlow Management Limited. 03-11-2021 . Strong strategic investor support from existing investors including AEI HorizonX, Promus Ventures through its Luxembourg based space investment fund Orbital Ventures, SES and UK Government. Latest Promus Ventures Summer News! The European Investment Fund, the financing arm of the European Union’s European Investment Bank Group, … The ‘Space Fund’, focusing on international early-stage space companies, closed at €120 million. 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