A major step for Luxembourg’s space sector

en

Linklaters Luxembourg Investment Funds team recently advised Promus Ventures in the fundraising of Orbital Ventures, a fund at the heart of Luxembourg’s expanding space strategy.

<< Back
03/11/2021 |
  • 2626 resized 757 99999 90 56b0858c6523d linklaters image

The ‘Space Fund’, focusing on international early-stage space companies, closed at €120 million. In addition to private sector investments, the European Investment Fund committed €40 million with participation also from Luxembourg’s Ministry of the Economy and the National Credit and Investment Institution.

Hermann Beythan, Head of Linklaters Investment Funds practice, says:

“Luxembourg has long been a key player on the international space stage, and we are privileged to have been involved in the development and launch of this major new initiative in the sector. By investing in breakthrough tech starts ups, space-related companies and resources, Orbital Ventures is an important foundation in creating an economy of the future.”

Luxembourg’s space strategy is underpinned by encouraging innovation and entrepreneurship through funding and the launch of Orbital Ventures is a clear example of that strategy in action. The fund is dedicated to supporting the development of the commercial space industry and will focus on areas such as telecom networks, location-based services, robotics, sensors and data, earth observation and monitoring, logistics, and space resources and exploration.

Founded in 2012, Promus Ventures invests in deep-tech startups which seek solutions to complex problems in order to support everyday lives and activities around the world. From offices in Chicago, San Francisco and Luxembourg, Promus Ventures has invested in over 90 early-stage startups in the US, Europe, UK, and New Zealand. 

Linklaters Managing Associate, Adrien Timmermans states:

“It was great assisting the Promus team with this groundbreaking venture fund. The collaboration allowed us to gain a deeper knowledge of the venture space sector and the type of investments which are considered in this field.”

Back to top  | << Back

Communiqués liés

Deloitte New Partners Managing Directors
19/05/2022 Personnalités

Deloitte nomme 21 nouveaux Partners et Managing Directors

Démontrant sa pleine confiance en un avenir prometteur, Deloitte Luxembourg a n...

Deloitte
ERG's logo (002)
19/05/2022

ERG notes that English High Court confirms breaches of dutie...

Eurasian Resources Group (“ERG” or “the Group”), a leading diversified n...

Eurasian Resources Group
NPT-1 (002)
18/05/2022

Goodyear réimagine le pneumatique pour un avenir de la mobi...

Le paysage de la mobilité évolue et nous entrons dans une nouvelle ère pour n...

Goodyear
Peter Hughes

Apex Group announces acquisition of the Maitland business

Apex Group Ltd. (“Apex” or “The Group”), a global financial services pro...

Apex
Sightline-2 (002)
17/05/2022

Goodyear Sightline : L'intelligence des pneumatiques pousse ...

Les données sont essentielles à l’heure où les véhicules – et leur envir...

Goodyear
Post
17/05/2022

Le Groupe POST a réussi à maintenir un niveau de performan...

Le Groupe POST a réalisé un chiffre d’affaires de 898,9 millions d’euros, ...

POST Luxembourg

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more