Alpine Space Ventures, a venture capital firm focused on investing in early-stage European space companies, has announced the successful completion of its first fund, securing a total of €170 million. The firm, led by industry insiders, aims to provide crucial financial support to the rapidly growing European space sector.
The closing of the fund signifies a significant milestone for Alpine Space Ventures and demonstrates the strong investor interest in the emerging European space ecosystem. With this substantial amount of capital, the firm is well-positioned to fuel innovation, drive technological advancements, and support the most promising entrepreneurs in the industry.
“We are excited about the opportunities that lie ahead and are eager to deploy the fund’s capital to empower the industry’s best entrepreneurs,” stated Bulent Altan, Founding Partner at Alpine Space Ventures. The financing will enable these entrepreneurs to develop groundbreaking solutions, launch new space missions, and contribute to the overall growth and development of the European space industry.
Joram Voelklein, Founding Partner of Alpine Space Ventures, expressed his optimism about the timing of the fund’s closing. “We believe this is the perfect moment to provide further momentum to the European space ecosystem. The industry is still in its early stages, and our capital injection will help accelerate its progress and foster even greater innovation.”
Alpine Space Ventures’ successful fundraising effort underscores the growing recognition of the European space sector as a hub for cutting-edge technologies and entrepreneurial ventures. With this substantial fund, the firm is well-equipped to drive advancements in the field and shape the future of the European space industry.