Tamarack Global has invested $72 million in the space fund
By ForGeeks Tamarack Global, an early investor in space technology, has announced a new $72 million (roughly $7 billion) fund that will focus on supporting innovation in the space sector. This is the company’s second fund since its launch in 2019, and will focus on investing in companies developing orbital vehicles, spaceplanes and other technologies.
Tamarack Global’s new fund will focus on investments in companies developing orbital vehicles, spaceplanes and other technologies.
According to Jamie Lee, co-founder and managing partner of Tamarack Global, the fund has already invested about a third of its money in various companies, including a recent $150 million (roughly Rmb14.6 billion) series B round of investments in Impulse Space. Lee emphasized that the company is open to new opportunities and is willing to invest in projects at different stages of development, from initial ideas to more mature initiatives.
The company is open to new opportunities and is ready to invest in projects at different stages of development, from initial ideas to more mature initiatives.
Tamarack Global plans to focus on investing in four key areas: aerospace and defense, robotics and autonomous technologies, data analytics, and sustainable energy transition. In addition, the company has established a network of potential space investments in California, based in Los Angeles.
Nevertheless, Lee noted that the space industry remains challenging for investors due to the high bankruptcy rate among companies in the sector. He added that the company will be more selective in its investments, instead of “spreading funds across multiple companies.”
Investors speaking at a panel discussion on satellite innovation in Mountain View, California, last week expressed the view that start-up space companies will continue to find it difficult to raise funding despite falling interest rates.
Investors speaking at a panel discussion on satellite innovation in Mountain View, California, last week expressed the view that start-up space companies will continue to find it difficult to raise funding despite falling interest rates.
In general, the launch of Tamarack Global’s new fund is an important development for the space industry, as it provides additional resources to support innovation and the development of new technologies. However, as Lee noted, “investing in the space sector requires a cautious approach and careful market analysis.”
However, it is important to be aware of the importance of investing in the space sector.
