Starburst Ventures launches new pre-seed and seed fund focused on aerospace and defense innovation
Announcement of investments in Outpost, Strong Compute and 3 other companies
EL SEGUNDO, Calif., September 21, 2022 /PRNewswire/ — Starburst Ventures, the premier venture capital fund dedicated to investing in aviation, space and defense, today announced the launch of its new seed fund. Focusing on aerospace, defense, security, and enabling science and technology, Starburst Ventures invests in the next generation of industrial, software, and hardware companies.
The fund team will be led by the founder and general partner of Starburst Ventures, François Chopard. A well-respected industry veteran, Francois founded Starburst in 2012, before A&D became the venture capital investment category it is today. Francis is joined by Benjamin Zeitoun as an investor. Together, they hold significant experience in securing investments and building startups from early stage to IPO. Joining them in an advisory capacity is Jacqueline Tamingstartup founder and former Deputy Director of the United States Department of Defense Joint Artificial Intelligence Center, and Natalya Bailey, Head of strategy at Bloom Energy and former founder of Accion Systems, who was named one of the 15 most influential women in the space by Business Insider. Both will serve as hands-on advisors to provide unparalleled support in the selection of investments and the development of Starburst Ventures’ portfolio companies.
“The Starburst Ventures fund will be an invaluable resource in developing the next generation of aerospace and defense companies,” said Francois Chopard, General Partner of Starburst Ventures. “Having the opportunity to lead and oversee something so impactful is a true honor. I look forward to working with some of the brightest minds in aerospace innovation and business development.”
Starburst Ventures’ existing investments include participation in a recent $7.1 million round seed for Outposta sustainable satellite and terrestrial return company founded by Jason Dun and Mike Vergallaand backed by Moonshot Ventures & Draper Associates, as well as strong calculationa startup that recently completed its $7.8 million seed round and helps developers accelerate machine learning training pipelines. Strong Compute is led by Ben Sable and backed by prolific investors including Sequoia Capital India, Folklore, Blackbird; and Skip Capital (led by Principal Kim Jackson). Other investments include companies willing to stay under the radar, working on mapping the more than 27,000 objects blocking Earth’s orbit to pave the way for space infrastructure, Open Source Intelligence platforms and a detection payload. revolutionary optics.
“These five companies are at the forefront of aerospace innovation. We are delighted that our thesis will stimulate our investments in high-tech and technology companies that have the potential to make a real impact in our sector and beyond” , said Benjamin ZeitounInvestor, Starburst Ventures.
The Starburst Ventures fund’s portfolio reflects its leadership’s unique ability to imagine the next wave of innovation in space, aerospace and defense systems. Starburst Ventures is an independent, general partner-owned, US venture capital firm with a deep commitment to building the future of aerospace and defense.
About Starburst Ventures
Starburst Ventures is the first venture capital fund exclusively dedicated to investing in aviation, space and defense to build the future of aerospace and defense. The team is made up of aerospace and defense specialists, alumni founders and accelerator operators who are dedicated to helping startup founders accelerate their business development efforts in government and Of the industry.
Starburst is a catalyst for innovation in the aerospace industry. They are the world’s first and only aerospace accelerator, connecting startups with businesses, investors and governments, while providing strategic growth and investment advisory services for everyone. With offices at Los Angeles, Paris, Munich, Singapore, Seoul, Tel Avivand Madrid, the team has built an ecosystem of key players with more than 15,000 startups in its network. The Starburst Accelerator Program helps startups grow their aviation, space and defense businesses with access to the largest pool of players in the business to help startups win their first contracts. More information about Starburst can be found at www.starburst.aero
SOURCE Starburst Ventures