A new fund which plans to leverage Israel’s expertise in deep-tech, aerospace, and satellite engineering in the growing global “New Space” market. That’s huge and a clear signal #TheMarketsTrustBibi.
Besides that earthly argument, the future of mankind and the free market is in the conquer of space. And it is a big vision and great move to invest in that future. The ‘DeepSpace’ market also called ‘New Space’ market is hot and huge: Between 2012 and 2021, total annual investment in the commercial space sector grew from $300 million to more than $10 billion, according to McKinsey. Bank of America Merrill Lynch and Morgan Stanley have both estimated Space 2.0 could generate over $1 trillion in revenue by 2040, explains Doron Landau, COO and Co-founder of the new investment fund ‘Earth & Beyond Ventures‘.
In its own words, the investment fund ‘Earth & Beyond Ventures’ explains its dual use strategy: “Earth & Beyond Ventures is a pre-seed stage investor focused on cutting-edge deep-technology innovations with dual earth & space applications”
The press release explains: “Earth & Beyond Ventures, a new early-stage venture fund backed by global technology, manufacturing, and space industry conglomerates has launched with commitments of $125 million to leverage Israel’s expertise in DeepTech, aerospace, and satellite engineering in a bid to boost Israel’s emerging commercial space ecosystem. It is the first fund of its kind in Israel to focus specifically on supporting deep technology innovations with dual purpose space and terrestrial applications.” And there is a lot of expertise as VonNaftali is continually reporting.
Where come the Money from?
Corning Inc. (GLW) a global materials and manufacturing giant and a 50-year supplier of materials and products to NASA, Japanese electronics giant Kyocera Corp (KYOCY.PK), global manufacturer of electronic connectivity components Samtec, Inc. and Spacecom (SCC.TA), the Israeli satellite communication services and solutions provider.
The fund’s general partners include Daniel Recanati, Doron Zauer, Dr. Israel Biran, and Ofer Asif. Finally, the group is also backed by the Israel Innovation Authority (IIA) which means the investments are done in collaboration with the IIA and hence provide the portfolio companies with incubator services, such as office space, ongoing guidance and mentoring, preferred rates with service providers etc. pp.
Earth & Beyond Ventures will be investing, with check sizes of between $0.5 million to $2 million for Seed and Pre-Seed companies.
Earth & Beyond’s advisory board is packed with aerospace and tech luminaries, including former Israel Aerospace Industries (IAI) CEO Yossi Weiss, The Technion –Israel Institute of Technology’s Space Research Institute head Prof. Ehud Bachar, and former Science Minister Yizhar Shay.
In sum, a great and important investment fund that will no doubt boost Israel’s ‘New Space’ or ‘Deep Space’ industry and fulfill its claim and vision: “Solving New Space & Deep Tech Challenges for a Better Earth: Investing in leading Israeli early-stage innovators “