SpaceFund

SpaceFund is a venture capital firm based in Houston, Texas, founded in 2018. The firm focuses on investing in high-growth startups that address the evolving multi-billion dollar space markets, specifically within the space technology sector. SpaceFund primarily targets seed-stage to later-stage companies, avoiding traditional aerospace investments such as rockets and weapons. Instead, it seeks out innovative and practical solutions that contribute to the space revolution. The firm emphasizes a hands-on approach to its investments, nurturing and supporting portfolio companies throughout their development to ensure their growth and success. SpaceFund values integrity, humility, and pragmatism, aiming to empower visionary entrepreneurs in the space industry.

Andrew Granatstein

Principal

Roland Hicks

Venture Partner

Dan Schatzman

Board Chairman, CEO and Senior Managing Partner

Dmitry Segal

General Partner

Rick Tumlinson

Partner

11 past transactions

Radian

Seed Round in 2022
Radian Aerospace is innovating the aerospace sector with its next-generation spaceplane, which is the first fully reusable vehicle designed for horizontal takeoff and landing. This single-stage to orbit spacecraft aims to facilitate the transportation of people and light cargo to low Earth orbit as well as various terrestrial locations, operating in a manner similar to conventional aircraft. Radian's vehicles are constructed from advanced materials that can endure extreme conditions and are equipped with propulsion technologies that enhance maneuverability and overall performance. Additionally, they incorporate satellite systems that improve communication capabilities, thereby supporting enhanced missions and operational efficiency within the space industry.

Cognitive Space

Seed Round in 2021
Cognitive Space is a technology firm specializing in the automation of command and control for satellite operations through its proprietary CNTIENT-SC3 platform. The company leverages artificial intelligence to streamline mission planning and management for constellations of Earth-observing and telecommunications satellites. By providing a software-as-a-service solution, Cognitive Space addresses the evolving demands of the space market, enabling commercial satellite operators to optimize their assets in response to dynamic conditions. The leadership team, boasting over 50 years of experience in space systems and software development, is committed to enhancing the efficiency of satellite operations. This innovation facilitates improved monitoring of Earth for various applications, including economic, environmental, and national security purposes.

Space Perspective

Series A in 2021
Space Perspective Inc. is a spaceflight company based in Merritt Island, Florida, founded in 2019. The company specializes in offering suborbital trips to the edge of space through its spacecraft, Neptune, which utilizes a high-altitude balloon for ascent. Passengers travel in a pressurized capsule that ascends to an altitude of several kilometers, where they can experience a two-hour period of weightlessness and panoramic views of Earth. After the experience, the capsule descends slowly, landing in the ocean for retrieval by a support vessel. Space Perspective's primary Operations Center is located on Florida's Space Coast, near NASA's Kennedy Space Center, with additional launch sites planned in various locations, including Cecil Spaceport in Florida, Hawaii, and Alaska, as part of its expansion strategy.

Orbit Fab

Venture Round in 2021
Orbit Fab offers a supply of satellite propellant in Earth Orbit that expands the operational potential of new and existing space assets. It develops the infrastructure needed to grow a thriving in-space market for products and services that support both existing space businesses (communications and Earth observation) and new industries like space tourism, manufacturing, and mining. The future for satellites is no longer restricted to the fuel they are launched with. Orbit Fab was founded in 2018 by its Co-Founders Daniel Faber and Jeremy Schiel.

Space Forge

Seed Round in 2021
Space Forge Limited is a company based in Bristol, United Kingdom, that focuses on the development of reusable satellites. Established in 2018, the company specializes in manufacturing super materials, including unique alloys and crystals, that are produced in space and cannot be replicated on Earth. These materials have applications across various industries, including computing, telecommunications, and pharmaceuticals. Space Forge operates laboratories in Bristol and Wales to facilitate its research and production activities.

Hydrosat

Seed Round in 2021
Hydrosat specializes in geospatial analytics by transforming satellite imagery into valuable insights for agriculture and related sectors. The company utilizes thermal infrared satellite imagery to monitor, measure, and manage plant health, thereby enabling businesses to enhance their operations and profitability. By providing data-driven insights, Hydrosat supports enterprises in agriculture, financial services, and government sectors in making informed decisions based on accurate satellite data.

Novo Space

Venture Round in 2021
Novo Space is a company that focuses on creating modular hardware and software solutions for satellite applications, aiming to accelerate commercial innovation in the space sector. By developing radiation-tolerant computers and offering a plug-and-play platform, Novo Space enables customers to assemble high-performance subsystems tailored to their specific missions. The company's products are designed to simplify the integration and debugging processes, thereby reducing risk, time-to-market, and overall costs for space professionals. Through its innovative approach, Novo Space seeks to provide affordable and reliable satellite electronics that support the evolving needs of the aerospace industry.

Cosmic Shielding

Pre Seed Round in 2021
Cosmic Shielding specializes in radiation management technology aimed at enhancing human exploration and habitation in space. The company utilizes advanced composite materials and forecasting systems to address the challenges posed by space weather, which can cause significant damage to satellites and launch vehicles. By leveraging decades of research from NASA and ESA, Cosmic Shielding develops solutions that not only mitigate billions in annual radiation-related losses but also improve computing performance, extend operational life, and enhance mission safety. Their offerings include three-dimensional prints for assessing radiation risks associated with space components, alongside integrated system plans and comprehensive mission support, allowing clients in the space industry to efficiently manage the risks and costs associated with ionizing radiation.

Space Perspective

Seed Round in 2020
Space Perspective Inc. is a spaceflight company based in Merritt Island, Florida, founded in 2019. The company specializes in offering suborbital trips to the edge of space through its spacecraft, Neptune, which utilizes a high-altitude balloon for ascent. Passengers travel in a pressurized capsule that ascends to an altitude of several kilometers, where they can experience a two-hour period of weightlessness and panoramic views of Earth. After the experience, the capsule descends slowly, landing in the ocean for retrieval by a support vessel. Space Perspective's primary Operations Center is located on Florida's Space Coast, near NASA's Kennedy Space Center, with additional launch sites planned in various locations, including Cecil Spaceport in Florida, Hawaii, and Alaska, as part of its expansion strategy.

Orbit Fab

Venture Round in 2020
Orbit Fab offers a supply of satellite propellant in Earth Orbit that expands the operational potential of new and existing space assets. It develops the infrastructure needed to grow a thriving in-space market for products and services that support both existing space businesses (communications and Earth observation) and new industries like space tourism, manufacturing, and mining. The future for satellites is no longer restricted to the fuel they are launched with. Orbit Fab was founded in 2018 by its Co-Founders Daniel Faber and Jeremy Schiel.

Axiom Space

Series A in 2019
Axiom Space, Inc., founded in 2016 and based in Houston, Texas, is focused on developing and operating commercial space station modules that connect to the International Space Station (ISS). The company offers human spaceflight services for government astronauts, tourists, private companies, and individuals, facilitating research, manufacturing, and testing of space exploration systems. Axiom's platform in Low Earth Orbit supports the advancement of exploration-enabling technologies and in-space manufacturing, creating opportunities for various industries and educational institutions. In addition to its commercial endeavors, Axiom conducts crewed missions to the ISS, enabling broader access to space initiatives and fostering future human space exploration. The company is supported by a group of investors, including venture capital firms and educational institutions.
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