Balerion Space Venture

Balerion Space Venture is a venture capital investment firm based in Dallas, Texas, founded in 2022. The firm focuses on investing in early to mid-stage private companies within the space industry, as well as related sectors such as connectivity, infrastructure, industrials, energy, consumer, and transport. By targeting innovative companies in these fields, Balerion aims to support the growth and development of transformative technologies and services that enhance space exploration and utilization.

Daniel Wallman

Partner

6 past transactions

Northwood Space

Series A in 2025
Northwood Space is a hardware solution that dramatically increases the number of orbits and frequency bands available for satellite communications from the ground.

Magdrive

Seed Round in 2025
Magdrive Limited, founded in 2019 and based in Didcot, United Kingdom, focuses on developing advanced spacecraft propulsion systems specifically for small satellites. The company has created a next-generation plasma thruster technology that merges the high thrust capabilities of chemical rockets with the efficiency of electric thrusters. This innovation allows spacecraft to achieve faster speeds and extend mission durations while minimizing the amount of propellant needed for various maneuvers. By improving fuel efficiency, Magdrive aims to provide satellite operators and manufacturers with a more cost-effective means of accessing space, particularly for missions in Low Earth Orbit.

Starpath Robotics

Seed Round in 2024
Starpath Robotics builds spacecraft propellant that reduces the deep space transport cost.

Phantom Space

Venture Round in 2024
Phantom Space Corporation, founded in 2019 and based in Tucson, Arizona, specializes in developing space transportation systems that aim to democratize access to space. The company offers a range of products, including satellite systems, space propulsion technologies, and launch vehicles. By utilizing existing supply chains and mass-production techniques, Phantom Space is able to provide satellite launch capabilities at a significantly lower cost compared to larger providers. This approach enables clients to efficiently transport their assets to space on dedicated vehicles, making space more accessible for a variety of applications. The management team comprises entrepreneurs with backgrounds in venture capital, investment banking, and technology startups, bringing valuable expertise to the company's mission.

X-Bow Launch Systems

Venture Round in 2023
X-Bow Launch Systems Inc., located in Albuquerque, New Mexico, specializes in the production of advanced solid rocket motors and hypersonic technologies for both commercial and government applications. The company provides a comprehensive service that encompasses the design, testing, and launching of solid rocket motors. Utilizing additive manufacturing techniques, X-Bow is able to produce customizable and cost-effective rocket propulsion systems, enhancing efficiency and performance for various payloads.

SkyFi®

Seed Round in 2023
SkyFi® is an Earth intelligence platform that provides a seamless way to access and analyze diverse geospatial data, including satellite, aerial imagery, and more. Available on a web browser, mobile phone, and through an API, the SkyFi® enables users to gather intelligence from multiple data types to solve complex problems in industries like agriculture, urban planning, and environmental management.
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