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