Space Capital: Difference between revisions
Edited and updated article as per my edits in draft User:Lisuh1/sandbox. Updated new references and removed unrelated refs. Focused more on things that make the topic notable. |
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| key_people = Chief Executive Officer: Chad Anderson | | key_people = Chief Executive Officer: [[Chad Anderson (businessman)|Chad Anderson]] | ||
| industry = | | industry = [[Venture Capital]] | ||
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| products = [[ | | products = [[Venture Capital]], [[Angel investor|Angel Investing]] | ||
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| homepage = {{URL|spaceangels.com}} | |||
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| foundation = 2007 | | foundation = 2007 | ||
| location_city = [[New York City| | | location_city = [[New York City|NewYork]] | ||
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'''Space Angels''' | '''Space Angels''' is an American angel investment and [[venture capital]] firm focused on early-stage investments in the [[Space industry|space economy]]. Based in New York City,<ref>https://www.reuters.com/article/us-space-exploration-china-startups/chinas-rocket-start-ups-go-small-in-age-of-shoebox-satellites-idUSKCN1S20PJ</ref> Space Angels is the world’s most active investor in the space economy.<ref>http://www.cbinsights.com/research/top-space-tech-startup-investors/</ref> As of May 3, 2019, the firm managed a $15 million Angel Fund and a $25 million venture capital fund.<ref>http://www.kratoscomms.com/constellations-podcast/vc-venture-investment-space-chad-anderson</ref> | ||
== History == | |||
Founded in 2007 by Guillermo Söhnlein and Burton Lee, Space Angels Network began by facilitating a small group of space enthusiasts’ investments in the nascent New Space sector. Over its first five years, it grew from four to 20 investing members, but its scale was limited by its informal structure.<ref>https://www.hbs.edu/faculty/Pages/item.aspx?num=55897</ref> | |||
In 2012, [[Chad Anderson (businessman)|Chad Anderson]] was offered the opportunity to lead the organization. Anderson, at the time an MBA student at [[University of Oxford|Oxford University]], moved to New York after graduation to take on the full-time role of CEO.<ref>https://www.hbs.edu/faculty/Pages/item.aspx?num=55897</ref> | |||
Anderson took the next six years to professionalize, grow, and transform Space Angels Network. By 2015, Space Angels had shifted away from the decentralized investing model typical of an angel network. Space Angels began taking on a greater role in managing its members’ investments with the launch of an Angel Fund.<ref>https://www.hbs.edu/faculty/Pages/item.aspx?num=55897</ref> | |||
In 2017, the | In early 2017, Anderson rebranded the firm, dropping the word “Network” from its name, selecting a new logo. Later in 2017, the firm raised $5.7 million for an inaugural venture fund, Space Capital, with Tom Ingersoll joining as a Partner.<ref>https://www.hbs.edu/faculty/Pages/item.aspx?num=55897</ref><ref>http://spaceangels.com/press-releases/space-angels-network-rebrands-as-space-angels</ref><ref>https://www.pehub.com/2017/11/tom-ingersoll-joins-space-capital-partners-which-is-targeting-50-mln-for-first-venture-fund/</ref> | ||
== Business Model == | == Business Model == | ||
=== Accredited Investors === | === Accredited Investors === | ||
Membership in Space Angels limited to investors who qualify as [[accredited investor]]s under [[Regulation D (SEC)|Regulation D of the Securities and Exchange Commission]].<ref | Membership in Space Angels Network limited to investors who qualify as [[accredited investor]]s under [[Regulation D (SEC)|Regulation D of the Securities and Exchange Commission]].<ref>https://www.spaceangels.com/membership-benefits</ref> | ||
== | === Online Platform === | ||
To facilitate the Angel Fund model, Space Angels pioneered a new online investment platform to streamline the communication of investment opportunities, simplify legal documentation, and drive greater investor engagement.<ref>https://www.hbs.edu/faculty/Pages/item.aspx?num=55897</ref> | |||
=== Investments === | |||
Between 2015-2018, Space Angels made 37 investments in 26 portfolio companies, less than 2% of the companies it evaluated (over 500 per year as of 2018).<ref>https://www.hbs.edu/faculty/Pages/item.aspx?num=55897</ref> | |||
Some of the most notable investments include [[SpaceX]],<ref>https://www.fool.com/investing/2019/05/18/10-top-space-start-ups-youve-probably-never-heard.aspx</ref> [[NanoRacks]],<ref>https://spacenews.com/nanoracks-raises-funding-for-commercial-airlock-module/</ref> [[Astrobotic Technology|Astrobotic]],<ref>https://techcrunch.com/2016/05/11/the-race-to-the-moon-is-underway-as-astrobotic-raises-2-5-million/</ref> [[Vector Launch]],<ref>https://spacenews.com/vector-space-raises-additional-funds-to-support-2017-first-launch/</ref> LeoLabs,<ref>https://www.leolabs.space/posts/leolabs-closes-13-million-series-a-to-expand-space-situational-awareness-and-mapping-platform</ref> [[Planet Labs|Planet]],<ref>https://news.crunchbase.com/news/space-tech-rockets-higher/</ref> [[Made In Space, Inc.|Made in Space]],<ref>https://www.fool.com/investing/2019/05/18/10-top-space-start-ups-youve-probably-never-heard.aspx</ref> [[Iceye|ICEYE]],<ref>http://www.finsmes.com/2018/05/iceye-raises-34m-in-series-b-financing.html</ref> and others. | |||
=== Space Capital === | |||
In 2017, Space Angels successfully raised $5.7 million of a targeted $50 million for an inaugural venture fund Space Capital.<ref>https://www.pehub.com/2017/11/tom-ingersoll-joins-space-capital-partners-which-is-targeting-50-mln-for-first-venture-fund/</ref> The fund subsequently raised $15 million for Space Capital in April 2019.<ref>https://www.sec.gov/Archives/edgar/data/1722993/000172299319000001/xslFormDX01/primary_doc.xml</ref><ref>https://www.pehub.com/2019/04/space-capital-has-raised-almost-15-mln-towards-debut-50-mln-fund/#</ref> | |||
== | ==See also== | ||
* [[Venture Capital]] | |||
* [[Angel Investor]] | |||
* [[Commercial use of space|Commercial Use of Space]] | |||
== References == | == References == | ||
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== External links == | == External links == | ||
* {{URL| | * {{URL|https://www.spaceangels.com/|Space Angels official website}} | ||
* [https://www.spaceangels.com/podcast Space Angels podcast] | |||
* [https://www.spaceangels.com/information-central Space Angels blog] | |||
[[Category:Private equity firms of the United States]] | [[Category:Private equity firms of the United States]] | ||
Revision as of 06:36, 4 June 2019
Template:Use mdy dates Template:Infobox company
Space Angels is an American angel investment and venture capital firm focused on early-stage investments in the space economy. Based in New York City,[1] Space Angels is the world’s most active investor in the space economy.[2] As of May 3, 2019, the firm managed a $15 million Angel Fund and a $25 million venture capital fund.[3]
History
Founded in 2007 by Guillermo Söhnlein and Burton Lee, Space Angels Network began by facilitating a small group of space enthusiasts’ investments in the nascent New Space sector. Over its first five years, it grew from four to 20 investing members, but its scale was limited by its informal structure.[4]
In 2012, Chad Anderson was offered the opportunity to lead the organization. Anderson, at the time an MBA student at Oxford University, moved to New York after graduation to take on the full-time role of CEO.[5]
Anderson took the next six years to professionalize, grow, and transform Space Angels Network. By 2015, Space Angels had shifted away from the decentralized investing model typical of an angel network. Space Angels began taking on a greater role in managing its members’ investments with the launch of an Angel Fund.[6]
In early 2017, Anderson rebranded the firm, dropping the word “Network” from its name, selecting a new logo. Later in 2017, the firm raised $5.7 million for an inaugural venture fund, Space Capital, with Tom Ingersoll joining as a Partner.[7][8][9]
Business Model
Accredited Investors
Membership in Space Angels Network limited to investors who qualify as accredited investors under Regulation D of the Securities and Exchange Commission.[10]
Online Platform
To facilitate the Angel Fund model, Space Angels pioneered a new online investment platform to streamline the communication of investment opportunities, simplify legal documentation, and drive greater investor engagement.[11]
Investments
Between 2015-2018, Space Angels made 37 investments in 26 portfolio companies, less than 2% of the companies it evaluated (over 500 per year as of 2018).[12]
Some of the most notable investments include SpaceX,[13] NanoRacks,[14] Astrobotic,[15] Vector Launch,[16] LeoLabs,[17] Planet,[18] Made in Space,[19] ICEYE,[20] and others.
Space Capital
In 2017, Space Angels successfully raised $5.7 million of a targeted $50 million for an inaugural venture fund Space Capital.[21] The fund subsequently raised $15 million for Space Capital in April 2019.[22][23]
See also
References
- ↑ https://www.reuters.com/article/us-space-exploration-china-startups/chinas-rocket-start-ups-go-small-in-age-of-shoebox-satellites-idUSKCN1S20PJ
- ↑ http://www.cbinsights.com/research/top-space-tech-startup-investors/
- ↑ http://www.kratoscomms.com/constellations-podcast/vc-venture-investment-space-chad-anderson
- ↑ https://www.hbs.edu/faculty/Pages/item.aspx?num=55897
- ↑ https://www.hbs.edu/faculty/Pages/item.aspx?num=55897
- ↑ https://www.hbs.edu/faculty/Pages/item.aspx?num=55897
- ↑ https://www.hbs.edu/faculty/Pages/item.aspx?num=55897
- ↑ http://spaceangels.com/press-releases/space-angels-network-rebrands-as-space-angels
- ↑ https://www.pehub.com/2017/11/tom-ingersoll-joins-space-capital-partners-which-is-targeting-50-mln-for-first-venture-fund/
- ↑ https://www.spaceangels.com/membership-benefits
- ↑ https://www.hbs.edu/faculty/Pages/item.aspx?num=55897
- ↑ https://www.hbs.edu/faculty/Pages/item.aspx?num=55897
- ↑ https://www.fool.com/investing/2019/05/18/10-top-space-start-ups-youve-probably-never-heard.aspx
- ↑ https://spacenews.com/nanoracks-raises-funding-for-commercial-airlock-module/
- ↑ https://techcrunch.com/2016/05/11/the-race-to-the-moon-is-underway-as-astrobotic-raises-2-5-million/
- ↑ https://spacenews.com/vector-space-raises-additional-funds-to-support-2017-first-launch/
- ↑ https://www.leolabs.space/posts/leolabs-closes-13-million-series-a-to-expand-space-situational-awareness-and-mapping-platform
- ↑ https://news.crunchbase.com/news/space-tech-rockets-higher/
- ↑ https://www.fool.com/investing/2019/05/18/10-top-space-start-ups-youve-probably-never-heard.aspx
- ↑ http://www.finsmes.com/2018/05/iceye-raises-34m-in-series-b-financing.html
- ↑ https://www.pehub.com/2017/11/tom-ingersoll-joins-space-capital-partners-which-is-targeting-50-mln-for-first-venture-fund/
- ↑ https://www.sec.gov/Archives/edgar/data/1722993/000172299319000001/xslFormDX01/primary_doc.xml
- ↑ https://www.pehub.com/2019/04/space-capital-has-raised-almost-15-mln-towards-debut-50-mln-fund/#