Dedicated to space-focused technology investments, the Luxembourg-based private equity fund just announced its first closing at €105M as well as a €15M lead investment in Cailabs’ series C round, a French deeptech developing photonic solutions.
A global space-focussed, growth-stage fund, NewSpace Capital targets growth-equity opportunities in downstream applications and supply chain segments of the rapidly evolving space market. While it has a global outlook, its main focus is on Europe and the US.
Its first closing was led by a cornerstone investment from Archean Capital Partners, a US fund dedicated to investing in emerging fund managers with specialized sector and operational experience. Other investors include corporates, financial institutions and family offices.
“There are an increasing number of companies reaching the commercial stage in space, many of which are ready for growth stage capital. The NewSpace Capital team has an ideal mix of technical and commercial expertise to identify and select the best space companies, and help them achieve their growth plans,” said Rob Lazaroff, co-portfolio manager of Archean Capital.
NewSpace Capital not only sees the space ecosystem as an economic opportunity but also as one which can become a catalyst for social change, describing the space industry as “critical to solving global ESG challenges”.
“NewSpace Capital allows its LPs to tap into the growth segment of a €300-billion industry spanning Earth observation, communication and data analytics. We are excited to partner with Archean, whose team brings a wealth of knowledge and a unique partnership approach” said Bogdan Gogulan, CEO and managing partner of NewSpace Capital.
NewSpace Capital also announced a €15M investment in Cailabs, a French deep-tech company enabling revolutionary photonic solutions for industrial and communication applications. NewSpace Capital is the lead investor in Cailabs’ €26M series C financing round.
The fund’s other investments to date include ICEYE, which owns and operates the world’s largest constellation of synthetic aperture radar (SAR) satellites, and Kayrros, a climate-tech data analytics company that recently won the Financial Times’ prestigious 2022 Tech Champions Award.
