Alpine Space Ventures Closes First Fund to Boost the Space Economy on Both Sides of the Pond

Alacran Labs AI
2 min readJul 11, 2024

Loaded with $184 million (€170 million) to invest, Alpine Space Ventures is ready to make waves in the space sector. Founded by an early SpaceX engineer and a seasoned investor, this venture aims to fuel the growth of space technology companies in Europe and beyond. Let’s dive into how they plan to do it.

Space Ventures

Fund Details

  • Total Investment: $184 million (€170 million)
  • Focus: Largest first-time venture capital fund specifically for the space sector

Founders and Background

  • Bulent Altan: An early SpaceX engineer
  • Joran Voelklein: A seasoned investor
  • Location: Munich, established in 2020

Investment Strategy

  • Target: 10–15 companies, primarily in Europe
  • Follow-On Rounds: Substantial portion reserved
  • Scope: Opportunities on both sides of the Atlantic
  • Approach: Inspired by SpaceX’s focus on satellite sector expansion
  • Strategy: Avoiding long-term ventures and direct competition with big players like SpaceX

Current Portfolio

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