Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
SpaceFund is an early-stage venture capital investment fund focused exclusively on the commercial space industry. Founded in 2018/2019 by Rick Tumlinson and Meagan Crawford, the firm operates from Houston and Austin, Texas. The fund aims to support promising entrepreneurs in this high-growth sector by creating a diversified portfolio of startups within the NewSpace ecosystem.
Currently, SpaceFund manages two funds, including the LaunchPad Fund, which was fully deployed by May 2021, and the BlastOff Fund, targeting $20 million with a first close of $9 million in April 2021. The firm has built a portfolio of approximately 21 startups, emphasizing integrity and innovation in its investment strategy. SpaceFund also operates a research arm, SpaceFund Intelligence, which analyzes market trends and financing landscapes.
SpaceFund primarily invests in startups involved in the space industry, particularly in sectors related to space transportation. The fund explicitly avoids traditional aerospace sectors, including satellite swarms and drones, focusing instead on innovative solutions that address multi-billion-dollar markets. SpaceFund conducts ongoing research into the space startup ecosystem, concentrating on market size, new market creation, financing, and exits.
The investment strategy emphasizes backing visionary yet practical startups that are part of the NewSpace ecosystem. SpaceFund seeks companies with novel approaches and a clear path to market, while maintaining a conservative diligence process. The firm’s focus on integrity and innovation sets it apart in the competitive landscape of venture capital.
SpaceFund's portfolio includes approximately 21 startups in the space industry, showcasing a diverse range of innovative companies. Notable portfolio companies include:
These companies represent a commitment to advancing the commercial space sector through innovative technologies and solutions.
Rick Tumlinson - Founding Partner; a veteran in the space industry with extensive experience and a strong network.
Meagan Crawford - Co-Founder and Managing Partner; leads fund operations and has a background in venture capital and entrepreneurship.
Dan Schatzman - Board Chairman; brings significant experience in investment and strategic guidance.
Leo B. Womack - Board Member, Investment Committee Chair; has a background in finance and investment management.
Leonardo A. Rodriguez - Board Member; contributes expertise in corporate governance and strategic planning.
Jaime Velasco - CFO; oversees financial operations and fund management.
Jordan Hildebrant - Technology Integration; focuses on integrating technology solutions within portfolio companies.
To pitch to SpaceFund, startups should use the contact form available on their website at spacefund.com/contact. It is advisable to include a concise overview of the business, the problem it addresses, and the innovative solution it offers. Founders should also highlight their team's expertise and any traction or milestones achieved.
Response times may vary, but startups can expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review of the pitch.
In March 2021, SpaceFund announced the first close of its BlastOff Fund, exceeding its initial target by raising $9 million. This fund focuses on slightly later-stage companies compared to its first fund, the LaunchPad Fund, which was fully deployed by May 2021.
SpaceFund continues to promote its mission and investment focus through its website, emphasizing its commitment to supporting entrepreneurs in the space sector. The firm has built a portfolio of approximately 21 startups, showcasing its dedication to advancing the commercial space industry.
What are SpaceFund's investment criteria?
SpaceFund invests in early-stage startups within the commercial space industry, particularly those focused on space transportation and related sectors. The firm avoids traditional aerospace sectors, including drones and satellite swarms.
How can startups apply or pitch to SpaceFund?
Startups interested in pitching to SpaceFund can submit their information through the contact form available on their website at spacefund.com/contact.
What makes SpaceFund different from other venture capital firms?
SpaceFund distinguishes itself by focusing exclusively on the commercial space industry and conducting ongoing research into the space startup ecosystem. Their emphasis on integrity and innovation sets them apart from traditional aerospace investors.
What is the geographic scope of SpaceFund's investments?
SpaceFund primarily invests in startups based in the United States, particularly those located in Houston and Austin, Texas.
What is the typical check size for investments?
SpaceFund typically invests in the pre-seed, seed, and Series A stages, although specific check sizes are not publicly disclosed.
What kind of support does SpaceFund provide to its portfolio companies?
SpaceFund offers its portfolio companies access to a robust network within the space industry, strategic guidance, and insights from its research arm, SpaceFund Intelligence, which analyzes market trends and financing landscapes.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.