{"id":78678,"date":"2023-04-12T17:22:07","date_gmt":"2023-04-13T00:22:07","guid":{"rendered":"https:\/\/techreviewers.net\/europe-surpasses-us-in-private-spacetech-investment-for-first-time-report-finds\/"},"modified":"2023-04-12T17:22:07","modified_gmt":"2023-04-13T00:22:07","slug":"europe-surpasses-us-in-private-spacetech-investment-for-first-time-report-finds","status":"publish","type":"post","link":"https:\/\/techreviewers.net\/europe-surpasses-us-in-private-spacetech-investment-for-first-time-report-finds\/","title":{"rendered":"Europe surpasses US in private spacetech investment for first time, report finds"},"content":{"rendered":"
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For the first time ever, Europe has surpassed the US in private spacetech investment, according to new research<\/span>.<\/p>\n

A study by Seraphim<\/a>, a leading spacetech VC firm, found the European sector attracted $565m in the first quarter of this year. The whole of North America, meanwhile, raised $456m. Asia followed, with investments of $306m, while the rest of the world totalled around $29m.<\/p>\n

The figures made Europe the world\u2019s biggest market for private spacetech funding<\/a>.<\/p>\n

The quarterly investment in Europe hit almost 50% of the entire previous year. In contrast, US investment has fallen further compared to 2022. Asia was\u00a0the only region that experienced growth last year, but could not maintain that trend last quarter, and lost its lead over Europe.<\/span><\/p>\n

\"Europeaninvestment<\/img>
US investments have shrunk dramatically since 2021, but Europe is on track to exceed 2022\u2019s funding. Credit: Seraphim Space<\/figcaption><\/figure>\n

Serphim\u2019s findings represent a rally in European investments \u2014 and a dramatic dip for the US.<\/span><\/p>\n

Over the previous year, the economic downturn had pushed funding down to levels last seen before 2021. According to Seraphim,\u00a0growth investors have shifted towards earlier-stage deals to avoid high burn rates and capital requirements.<\/p>\n

Growth-stage startups<\/a> have also delayed fundraising. Instead, they\u2019ve sought alternative financing sources and tried to extend runways until economic conditions improve.<\/p>\n

Despite these challenges, Seraphim gave cause for optimism about spacetech funding. For one, investment and deal numbers remain well above historical norms.<\/p>\n

Although funding has shrunk from the record highs of 2021 and 2022, those peaks were largely driven by mega-rounds from sector giants such as SpaceX, OneWeb, and Virgin Galactic. After adjusting for these outliers, Seraphim ranked Q1 2023 as the fifth-highest funding quarter to date.\u00a0<\/span><\/p>\n

\"in<\/img>
Q1 growth was particularly strong in the UK, which accounted\u00a0for a quarter of all spacetech deals in Europe. Credit: Seraphim\u00a0<\/span><\/figcaption><\/figure>\n

Overall, activity in the space<\/a> economy appears sustained. Rob Desborough, Managing Partner at Seraphim \u2014 and a speaker at last month\u2019s TNW Val\u00e8ncia<\/a>\u00a0\u2014 pointed to a \u201cvery significant rebound\u201d this year \u2014 particularly in Europe.<\/p>\n

\u201cInvestment was up 75% on last quarter with the highest number of deals [128] ever recorded,\u201d Desborough told TNW. \u201cAs a global investor, what\u2019s really exciting for us to see is the growth of activity in Europe.\u201d<\/span><\/p>\n

One reason for that excitement is found in spacetech\u2019s biggest deals. European companies secured five of the top 10 investments last quarter \u2014 including the largest of them all: a $165m round closed by Isar Aerospace<\/a>. The German rocket maker is the first European company to lead Serpahim\u2019s rankings since OneWeb in Q3 2021.<\/p>\n

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\"european<\/img>
In total, $1.4bn of international investment went into private space startups \u2014 up 75% from $801m in Q4 2022<\/span>. Credit: Seraphim Space<\/figcaption><\/figure>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

As calls grow for European launch services to compete with US rivals, Isar can be upbeat about future funding opportunities. Indeed, the continent\u2019s entire spacetech sector has been boosted by a push for sovereign capabilities.<\/p>\n

\u201cEuropean governments have put an enormous focus on space sovereignty in launch, constellations, and communications in 2023, which is really catalysing investment,\u201d said Desborough.<\/span><\/p>\n

For investors, sovereign support for startups in emerging geographies can reduce their perceived financial risks. If the backing yields results, European spacetech could continue expanding across the cosmos.<\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

For the first time ever, Europe has surpassed the US in private spacetech investment, according to new research. A study by Seraphim, a leading spacetech VC firm, found the European sector attracted $565m in the first quarter of this year. The whole of North America, meanwhile, raised $456m. Asia followed, […]<\/p>\n","protected":false},"author":38,"featured_media":78679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[2498,410,2612,397,2666],"tags":[2497,409,2611,395,2665],"_links":{"self":[{"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/posts\/78678"}],"collection":[{"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/comments?post=78678"}],"version-history":[{"count":0,"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/posts\/78678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/media\/78679"}],"wp:attachment":[{"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/media?parent=78678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/categories?post=78678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/tags?post=78678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}