search

The Orbital Ventures fund was created in 2020 and is managed by Promus Ventures, a specialised VC company with a strong track record of investing in geospatial companies sch as Rocket Lab, Spire and ICEYE. Orbital Ventures targets early-stage investment opportunities in areas such as space-based telecommunications network and services, geospatial location-based services, applications and space-related technologies and innovation (robotics, sensors, data), Earth observation and environmental monitoring, transportation and logistics, and space resources utilisation and exploration.

The European Investment Fund has now committed €40 million to the fund, thereby adding to the fund’s international exposure. Other investors in Orbital Ventures include international corporate, institutional and private investors, as well as public bodies such as the Luxembourg Ministry of the Economy and the state investment bank SNCI.

“Encouraging innovation and entrepreneurship through funding is one of the pillars of Luxembourg’s space strategy,” said Minister of the Economy Franz Fayot. “By investing directly into promising space tech ventures, the Orbital Ventures fund is an excellent example of a dedicated funding tool to support the development of the commercial space industry.”

Space fund investments

Orbital Ventures has already invested in several companies since its first close in January 2020, including Isotropic Systems, Ellipsis Drive, Fernride, Akasha Imaging, Recycleye and Wakeo. “We continue to witness terrific growth and developments in the New Space industry, and we are excited to deploy this new sector-specific space fund,” said Promeus Ventures partner Pierre Festal. “We are thankful to our investors for their trust and support in this endeavour. Since 2014, we have had a strong track record investing in successful space start-ups, including industry leaders such as Rocket Lab, Spire, ICEYE and others. It’s a pivotal time for global space players and the outlook is strong.”

Read more

Fit 4 Start acceleration programme: 20 startups selected

16-12-2021

The 20 startups selected for Fit 4 Start #12 were chosen from a total of 214 applications coming from 42 countries. For this 12th edition, an additional category, focused on HPC and data analytics, has been added to the 3 traditional verticals ICT, healthtech and space.
Read more

Circuit Foil: Moving the boundaries

16-12-2021

Luxembourg is home to Circuit Foil, one of only two copper foil manufacturers in Europe. With a strong focus on R&D, the company plays a leading role in developing next generation copper foil for applications of the future.
Read more

"A fantastic place to live"

13-12-2021

Head of PwC Luxembourg, which is the largest professional services firm in Luxembourg with over 2,900 people employed from 82 different countries, John Parkhouse arrived in Luxembourg in the 1990s. "I came here for two years and like many others, ended up never leaving," he explains.
Read more

“Investing in Luxembourg by choice”

06-12-2021

Since 1 August 2021, Patrick Nickels heads the Directorate General for Foreign Trade and Investment Promotion at Luxembourg’s Ministry of the Economy. Crossroads newsletter spoke to him about his priorities and why international companies choose to invest in Luxembourg.
Read more

They chose Luxembourg: Noha Bayoumi

03-12-2021

Egyptian business analyst Noha Bayoumi found a new home in Luxembourg and an attractive job at CHAMP. She is part of the international talent pool of Luxembourg.
Read more

Resources all news

Fermer