Earth & Beyond Ventures, a newly established early-stage venture capital firm, has raised $70 million for investment in Israeli space and deep-tech start-ups. The firm has secured commitments of $125 million for the next five years and aims to invest in six to seven companies in its first year of operation. These companies are developing technologies that have both space and terrestrial applications.
Earth & Beyond Ventures, a newly established early-stage venture capital firm, has raised $70 million for investment in Israeli space and deep-tech start-ups. The firm has secured commitments of $125 million for the next five years and aims to invest in six to seven companies in its first year of operation. These companies are developing technologies that have both space and terrestrial applications.
(Photo: EBV)
Earth & Beyond Ventures CEO, Baruch Schori, believes this is a prime opportunity for Israeli entrepreneurs to enter the sector. He notes that significant progress is being made in space, and the cost of operating there is decreasing. Many companies can now reach space, and Schori believes that now is the time to establish a vision for the sector in Israel.
Several corporations, including Corning, Kyocera, Samtec, and Spacecom, back the fund. Its advisory board comprises prominent individuals from the Israeli Aerospace Industries (IAI), the Technion - Israel Institute of Technology's Space Research Institute, and former Science Minister Yizhar Shay.
The fund is focused on commercially viable dual earth and space technologies. It is anticipated that the technologies that Israeli start-ups develop in fields such as semiconductors, robotics, new materials, quantum computing, solar power, and alternative proteins will play a crucial role in enabling access to and the use of space in the future, including eventual colonisation of the Moon and Mars.
In the short term, these same technologies will address major markets on Earth and provide solutions to pressing issues in areas such as climate, energy, materials, computing, and more. Earth & Beyond Ventures will invest check sizes ranging from $500,000 to $2 million in Seed and Pre-Seed companies. The Israeli Innovation Authority will also contribute an additional four dollars for every dollar invested by the fund.
Earth & Beyond Ventures CEO, Baruch Schori, believes this is a prime opportunity for Israeli entrepreneurs to enter the sector. He notes that significant progress is being made in space, and the cost of operating there is decreasing. Many companies can now reach space, and Schori believes that now is the time to establish a vision for the sector in Israel.
Several corporations, including Corning, Kyocera, Samtec, and Spacecom, back the fund. Its advisory board comprises prominent individuals from the Israeli Aerospace Industries (IAI), the Technion - Israel Institute of Technology's Space Research Institute, and former Science Minister Yizhar Shay.
The fund is focused on commercially viable dual earth and space technologies. It is anticipated that the technologies that Israeli start-ups develop in fields such as semiconductors, robotics, new materials, quantum computing, solar power, and alternative proteins will play a crucial role in enabling access to and the use of space in the future, including eventual colonisation of the Moon and Mars.
In the short term, these same technologies will address major markets on Earth and provide solutions to pressing issues in areas such as climate, energy, materials, computing, and more. Earth & Beyond Ventures will invest check sizes ranging from $500,000 to $2 million in Seed and Pre-Seed companies. The Israeli Innovation Authority will also contribute an additional four dollars for every dollar invested by the fund.