Thursday, September 22, 2022

Starburst Ventures Launches New Early-Stage Investment Fund

El Segundo-based Starburst Ventures, a venture capital fund which invests in aviation, space, and defense, said on Wednesday afternoon that it has launched a new pre-seed and seed fund. Size of the new investment fund was not announced by the firm. The venture capital firm said that the new fund will be led by Foudner and General Partner François Chopard, and also includes Benjamin Zeitoun as Investor, with Jacqueline Tame serving as an advisor. The firm said the new fund focuses on aerospace and defense innovation, and already has made investments in five different companies. Those companies including Outpost--the sustainable satellite company which also received funding from Moonshot Ventures and Draper Associates--and Strong Compute, a developer of machine learning software. Starburst Ventures' said other companies it has invested in are working on "working on mapping the 27,000+ objects jamming Earth orbit to pave the way for space infrastructure, Open Source Intelligence platforms, and a revolutionary optical sensing payload."