Space VC Funding Slowing Down: Panel
2021 was a robust year for space venture capital, but 2022 has a "more challenging environment," with VC investment trending downward quarter after quarter, said Maureen Haverty, Seraphim Space vice president-investment, in a Space Tech Expo webinar Tuesday. She said…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
early-stage and seed-stage investing are "holding on pretty well," but growth investment is taking a hit. She said deals in growth investment are faring better in the U.S. than in Europe, which doesn't have a strong growth investment scene in space anyway, while the U.S. investment community has more risk tolerance. Haverty said growth investors have traditionally focused on revenue and profitability, but 2021 was an anomaly where investors were more liberal in their standards. "Now the standards have returned," and companies seeking VC investment need to focus on revenue and profitability, she said. Ali Baghchehsara, president of space propulsion startup Plasmos, said the investment environment will likely remain more challenging for a while. He said for companies seeking funding, the focus needs to be on having a simple story and on achieving milestones to demonstrate progress.