Space Capital: Difference between revisions
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'''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>{{ | '''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>{{cite web|url=https://www.reuters.com/article/us-space-exploration-china-startups-idUSKCN1S20PJ|title=China's rocket start-ups go small in age of 'shoebox' satellites|date=April 29, 2019|via=www.reuters.com}}</ref> Space Angels is the world's most active investor in the space economy.<ref>{{cite web|url=https://www.cbinsights.com/research/top-space-tech-startup-investors/|title=The Most Active Space Tech Investors|date=May 2, 2017|website=CB Insights Research}}</ref> As of May 3, 2019, the firm managed a $15 million Angel Fund and a $25 million venture capital fund.<ref>{{cite web|url=https://www.kratosdefense.com/constellations-podcast/vc-venture-investment-space-chad-anderson?r=comms|title=Explosion in VC Funding, The Year of Commercial Space Travel and Earth Observation for Everyone | Kratos|website=www.kratosdefense.com}}</ref><ref name="auto1">{{Cite journal|url=https://www.hbs.edu/faculty/Pages/item.aspx?num=55897|title=Space Angels, Multiple Equilibria, and Financing the Space Economy|date=March 18, 2019}}</ref> | ||
Space Angels began publishing a quarterly update on space startup and investment activity in 2017, which coined the 2010s as the entrepreneurial space age.<ref>{{ | Space Angels began publishing a quarterly update on space startup and investment activity in 2017, which coined the 2010s as the entrepreneurial space age.<ref>{{cite web|url=https://social.techcrunch.com/2020/01/16/space-angels-chad-anderson-on-entering-a-new-decade-in-the-entrepreneurial-space-age/|title=Space Angels’ Chad Anderson on entering a new decade in the ‘entrepreneurial space age’}}</ref><ref>{{cite web|url=https://www.cnbc.com/2017/11/01/space-angels-space-has-attracted-over-2-billion-this-year.html|title=Space companies are receiving billions from venture backers, report says|first=Michael|last=Sheetz|date=November 1, 2017|website=CNBC}}</ref><ref>{{cite web|url=https://www.businessinsider.com/space-angels-report-dawn-private-spaceflight-age-26-billion-invested-2020-1|title=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.'|first=Dave|last=Mosher|website=Business Insider}}</ref> The report has been cited by the [[United States Secretary of Commerce]]<ref>{{cite web|url=https://www.commerce.gov/news/speeches/2019/10/remarks-commerce-secretary-wilbur-l-ross-space-startup-summit|title=Remarks by Commerce Secretary Wilbur L. Ross at the Space Startup Summit|website=U.S. Department of Commerce}}</ref> and by the [[Vice President of the United States]] at the sixth meeting of the National Space Council.<ref>{{cite web|url=https://www.youtube.com/watch?v=edZJDV0ULcg |title=VP Pence participates in National Space Council meeting |publisher=YouTube |date=2019-08-20 |accessdate=2020-06-06}}</ref> | ||
== History == | == History == | ||
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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 name="auto1"/> | 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 name="auto1"/> | ||
In early 2017, Anderson rebranded the firm, dropping the word “Network” from its name and selecting a new logo.<ref>https://www.spaceangels.com/press-releases/space-angels-network-rebrands-as-space-angels</ref> In May 2020, Space Angels announced that the company will now be led by its Space Capital brand, an early-stage venture capital firm for institutional investors.<ref name="auto1"/><ref>https://www.pehub.com/2017/11/tom-ingersoll-joins-space-capital-partners-which-is-targeting-50-mln-for-first-venture-fund/</ref><ref>{{ | In early 2017, Anderson rebranded the firm, dropping the word “Network” from its name and selecting a new logo.<ref>[https://www.spaceangels.com/press-releases/space-angels-network-rebrands-as-space-angels]{{dead link|date=June 2020}}</ref> In May 2020, Space Angels announced that the company will now be led by its Space Capital brand, an early-stage venture capital firm for institutional investors.<ref name="auto1"/><ref>[https://www.pehub.com/2017/11/tom-ingersoll-joins-space-capital-partners-which-is-targeting-50-mln-for-first-venture-fund/]{{dead link|date=June 2020}}</ref><ref>{{cite web|url=https://www.businesswire.com/news/home/20200505005206/en/Space-Angels-Announces-Branding-Realignment-New-50|title=Space Angels Announces Branding Realignment and New $50 Million Venture Capital Fund|date=May 5, 2020|website=www.businesswire.com}}</ref><ref>{{cite web|url=https://finance.yahoo.com/news/space-angels-announces-branding-realignment-110000920.html|title=Space Angels Announces Branding Realignment and New $50 Million Venture Capital Fund|website=finance.yahoo.com}}</ref> | ||
== Business Model == | == Business Model == | ||
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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 name="auto1"/> | 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 name="auto1"/> | ||
Access to the online platform is restricted to Space Angels members and membership is 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><ref>https://www.crunchbase.com/organization/space-angels#section-overview</ref><ref>{{ | Access to the online platform is restricted to Space Angels members and membership is 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]{{dead link|date=June 2020}}</ref><ref>[https://www.crunchbase.com/organization/space-angels#section-overview]{{dead link|date=June 2020}}</ref><ref>{{cite web|url=https://politi.co/2Bov7zb|title=Let's make a deal: The space race hits warp speed among investors|first=Jacqueline|last=Klimas|website=POLITICO}}</ref> | ||
=== Investments === | === 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 name="auto1"/> | 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 name="auto1"/> | ||
Some of the most notable investments include [[SpaceX]],<ref name="auto">{{ | Some of the most notable investments include [[SpaceX]],<ref name="auto">{{cite web|url=https://www.fool.com/investing/2019/05/18/10-top-space-start-ups-youve-probably-never-heard.aspx|title=10 Top Space Start-Ups You've Probably Never Heard of|first=Rich|last=Smith|date=May 18, 2019|website=The Motley Fool}}</ref> [[NanoRacks]],<ref>{{cite web|url=https://spacenews.com/nanoracks-raises-funding-for-commercial-airlock-module/|title=NanoRacks raises funding for commercial airlock module|date=October 4, 2017|website=SpaceNews.com}}</ref> [[Astrobotic Technology|Astrobotic]],<ref>{{cite web|url=https://social.techcrunch.com/2016/05/11/the-race-to-the-moon-is-underway-as-astrobotic-raises-2-5-million/|title=The race to the moon is underway as Astrobotic raises $2.5 million}}</ref> LeoLabs,<ref>{{cite web|url=https://www.cnbc.com/2020/05/13/space-debris-tracker-leolabs-automated-collision-alert-service-for-satellites.html|title=Space debris tracker LeoLabs unveils automated collision alert service for satellites|first=Michael|last=Sheetz|date=May 13, 2020|website=CNBC}}</ref><ref>{{cite web|url=https://www.prnewswire.com/news-releases/leolabs-closes-13-million-series-a-to-expand-space-situational-awareness-and-mapping-platform-300686776.html|title=LeoLabs Closes $13 Million Series A to Expand Space Situational Awareness and Mapping Platform|first=LeoLabs|last=Inc|website=www.prnewswire.com}}</ref> [[Planet Labs|Planet]],<ref>{{cite web|url=https://news.crunchbase.com/news/space-tech-rockets-higher/|title=Space Tech Rockets Higher|first=Joanna|last=Glasner|date=April 3, 2019|website=Crunchbase News}}</ref> [[Made In Space, Inc.|Made in Space]],<ref name="auto"/> [[Iceye|ICEYE]],<ref>{{cite web|url=https://www.finsmes.com/2018/05/iceye-raises-34m-in-series-b-financing.html|title=Iceye Raises $34M in Series B Financing|date=May 24, 2018|website=FinSMEs}}</ref> and others. | ||
==See also== | ==See also== | ||
Revision as of 01:09, 6 June 2020
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][4]
Space Angels began publishing a quarterly update on space startup and investment activity in 2017, which coined the 2010s as the entrepreneurial space age.[5][6][7] The report has been cited by the United States Secretary of Commerce[8] and by the Vice President of the United States at the sixth meeting of the National Space Council.[9]
History
Founded in 2007, 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 began to lead the organization. Anderson, at the time an MBA student at the Oxford University, moved to New York after graduation to take on the full-time role of CEO.[4]
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.[4]
In early 2017, Anderson rebranded the firm, dropping the word “Network” from its name and selecting a new logo.[10] In May 2020, Space Angels announced that the company will now be led by its Space Capital brand, an early-stage venture capital firm for institutional investors.[4][11][12][13]
Business Model
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.[4]
Access to the online platform is restricted to Space Angels members and membership is limited to investors who qualify as accredited investors under Regulation D of the Securities and Exchange Commission.[14][15][16]
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).[4]
Some of the most notable investments include SpaceX,[17] NanoRacks,[18] Astrobotic,[19] LeoLabs,[20][21] Planet,[22] Made in Space,[17] ICEYE,[23] and others.
See also
References
- ↑ "China's rocket start-ups go small in age of 'shoebox' satellites". April 29, 2019. https://www.reuters.com/article/us-space-exploration-china-startups-idUSKCN1S20PJ.
- ↑ "The Most Active Space Tech Investors". May 2, 2017. https://www.cbinsights.com/research/top-space-tech-startup-investors/.
- ↑ "Explosion in VC Funding, The Year of Commercial Space Travel and Earth Observation for Everyone | Kratos". https://www.kratosdefense.com/constellations-podcast/vc-venture-investment-space-chad-anderson?r=comms.
- ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 Space Angels, Multiple Equilibria, and Financing the Space Economy. March 18, 2019. https://www.hbs.edu/faculty/Pages/item.aspx?num=55897.
- ↑ "Space Angels’ Chad Anderson on entering a new decade in the ‘entrepreneurial space age’". https://social.techcrunch.com/2020/01/16/space-angels-chad-anderson-on-entering-a-new-decade-in-the-entrepreneurial-space-age/.
- ↑ Sheetz, Michael (November 1, 2017). "Space companies are receiving billions from venture backers, report says". https://www.cnbc.com/2017/11/01/space-angels-space-has-attracted-over-2-billion-this-year.html.
- ↑ 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.'". https://www.businessinsider.com/space-angels-report-dawn-private-spaceflight-age-26-billion-invested-2020-1.
- ↑ "Remarks by Commerce Secretary Wilbur L. Ross at the Space Startup Summit". https://www.commerce.gov/news/speeches/2019/10/remarks-commerce-secretary-wilbur-l-ross-space-startup-summit.
- ↑ "VP Pence participates in National Space Council meeting". YouTube. 2019-08-20. https://www.youtube.com/watch?v=edZJDV0ULcg. Retrieved on 2020-06-06.
- ↑ [1]
- ↑ [2]
- ↑ "Space Angels Announces Branding Realignment and New $50 Million Venture Capital Fund". May 5, 2020. https://www.businesswire.com/news/home/20200505005206/en/Space-Angels-Announces-Branding-Realignment-New-50.
- ↑ "Space Angels Announces Branding Realignment and New $50 Million Venture Capital Fund". https://finance.yahoo.com/news/space-angels-announces-branding-realignment-110000920.html.
- ↑ [3]
- ↑ [4]
- ↑ Klimas, Jacqueline. "Let's make a deal: The space race hits warp speed among investors". https://politi.co/2Bov7zb.
- ↑ 17.0 17.1 Smith, Rich (May 18, 2019). "10 Top Space Start-Ups You've Probably Never Heard of". https://www.fool.com/investing/2019/05/18/10-top-space-start-ups-youve-probably-never-heard.aspx.
- ↑ "NanoRacks raises funding for commercial airlock module". October 4, 2017. https://spacenews.com/nanoracks-raises-funding-for-commercial-airlock-module/.
- ↑ "The race to the moon is underway as Astrobotic raises $2.5 million". https://social.techcrunch.com/2016/05/11/the-race-to-the-moon-is-underway-as-astrobotic-raises-2-5-million/.
- ↑ Sheetz, Michael (May 13, 2020). "Space debris tracker LeoLabs unveils automated collision alert service for satellites". https://www.cnbc.com/2020/05/13/space-debris-tracker-leolabs-automated-collision-alert-service-for-satellites.html.
- ↑ Inc, LeoLabs. "LeoLabs Closes $13 Million Series A to Expand Space Situational Awareness and Mapping Platform". https://www.prnewswire.com/news-releases/leolabs-closes-13-million-series-a-to-expand-space-situational-awareness-and-mapping-platform-300686776.html.
- ↑ Glasner, Joanna (April 3, 2019). "Space Tech Rockets Higher". https://news.crunchbase.com/news/space-tech-rockets-higher/.
- ↑ "Iceye Raises $34M in Series B Financing". May 24, 2018. https://www.finsmes.com/2018/05/iceye-raises-34m-in-series-b-financing.html.