New venture capitalist for space startups

Einstein Industries Ventures wants to invest up to 300 million euros. The focus is particularly on startups that rely on satellites.

The new German venture capitalist Einstein Industries Ventures is funding young space companies with 300 million euros. "Without space, business models of the future will hardly be feasible," said Axel Springer manager Christoph Keese, one of the initiators of the project at the International Aerospace Exhibition (ILA) in Berlin an.

According to Keese, the information from the data analysis of the satellites will be part of the infrastructure in the future. In the future, communication via satellites could be used to detect leaks in pipelines from space or to optimize fertilizer use in agriculture down to the square meter.

Role models for so-called new-space startups include Bavarian company Isar Aerospace, a manufacturer of small launch vehicles, and Berlin-based Earth observation startup Liveeo. The focus for the investments is on young companies that already have several rounds of financing behind them.