Introducing Space.VC: Investing $20M to back “Space for Earth” startups
By Jonathan Lacoste, Founder & General Partner
18 months ago, I announced on LinkedIn my next professional journey. After co-founding & scaling a software company for a decade since I was 17 years old, my next challenge would be on the “other” side of the table.
The goal was to build a world-class venture capital fund focused on investing in Space Tech startups.
At the time, we had no capital commitments, no team, and had not made any investments yet. However like most endeavors in life, with dedicated persistence and being surrounded with talented individuals who aren’t afraid to debate, you often succeed.
Today I’m thrilled to announce that we have raised & deployed nearly $20M into the world’s most promising Space startups over the last 18 months, across both our Fund I and SPVs.
We believe that Space is deeply misunderstood. A flood of new capital has gone into the space market over the past several years, with many venture capital funds investing in multi-decade moon-shots.
For us at Space.VC, we take a different approach. We strive to invest in startups that use Space technologies to benefit life here on Earth today. For entrepreneurs disrupting massive commercial industries using infrastructure, data, and software from the Space & space-adjacent ecosystems.
Improving connectivity for the hyper-productive urban worker or expanding access to the underserved rural village. Increasing our understanding of climate change by leveraging satellites to collect novel datasets. Launching the next generation of GPS to ensure location services are accurate and encrypted. As well as ensuring that the U.S. remains a safe and free nation thanks to our defense & intelligence communities.
Over the past 18 months, we have invested in 12 incredible Space companies that are all leveraging Space and the Space ecosystem to enhance life on Earth. We have previously announced many of these investments, however, a few new ones we’re ecstatic to include below:
Hubble Network — A satellite network connecting billions of bluetooth devices globally, from space.
Xona Space Systems — Next generation GPS/PNT satellite constellation
Modern Intelligence —Geospatial AI data fusion platform for defense
True Anomaly — Building security and sustainability solutions for Space
Pixxel Space — The largest hyper-spectral satellite constellation, helping us monitor & analyze the health of the planet
Space Forge — In-Space Manufacturing platform for semiconductor & pharmaceuticals industries
Loft Orbital — Builds software & hardware solutions to provide hosted payload as a service
Hawkeye360 — The largest RF & signal collection satellite constellation, helping keep our communities & country safe
SpaceX — The world’s most reliable launch provider and largest satellite communications constellation
Connektica — A software platform to automate RF testing and other manual QA tasks for hardware engineering teams
Array Labs — Building a satellite constellation to bring 3-D imagery of the world’s surface to scale.
Cosmic Shielding Corporation — Radiation Shielding material solutions to protect infrastructure, satellites, and humans in Space
If you are an entrepreneur, investor, member of the space & defense industries, or simply passionate about leveraging the New Space renaissance to make life on Earth better and more prosperous for us all, please reach out to our team. We’d love to connect.
Ad astra,
Jonathan Lacoste
