The Doubters Said Building a SAR Microsatellite Constellation Wasn’t Possible — It has been a privilege for Promus Ventures to back the talented Helsinki-based ICEYE team since early 2018. With this latest round, ICEYE has now raised $304M of capital since 2015 and hired over 300 people. The team has successfully launched 16 satellite missions since its first satellite was launched…

This article first appeared in Satellite Today in November 2021 and can be accessed here. “Max-Q” is the moment in the launch sequence where a rocket experiences maximum dynamic pressure. After this point, the force on the rocket decreases quickly and the entire mission control room can rest a little…

Recycleye’s Vision to Sort the World’s Waste — Promus Ventures is privileged to lead the $4.8M seed round of Recycleye, a London-based startup using advanced computer vision, artificial intelligence and robotics to solve the world’s global waste management problem. Together with existing investors Playfair Capital, MMC Ventures, and Atypical Ventures, we are excited to back Recycleye’s end-to-end computer…

Seven Investments into US, EU and UK Startups Already Closed from Fund; Also Launching New Promus Ventures Space Index Now in our tenth year, Promus Ventures has had the privilege of investing in some of the world’s leading deep tech startups. We back ambitious deep-tech entreprenuers leveraging tranformation technologies (automation…

Whoop’s Human Performance Platform Continues Its Rapid Growth — Congratulations to Will Ahmed, John Capodilupo, and the entire Whoop team on their new $200 million Series F financing at a $3.6 billion valuation led by Softbank. We previously wrote about Whoop’s last $100M Series E last October, highlighting our history with the team and their tenacity to achieve their…

Joins Spire as Second PV Portfolio Company to Publicly Trade in Span of a Week. — Hearty congratulations to Pete Beck and the entire Rocket Lab team on their first day of trading as a public company today (NASDAQ: RKLB). We have been fortunate to have two portfolios companies start their public company lives over the last week: Spire (NYSE: SPIR) and now Rocket Lab. …

Promus Ventures Proud to Serve on Board and as Investor Since 2014 — Congratulations to Spire co-founders Peter Platzer, Jeroen Cappaert, Joel Spark and the entire Spire team on their first day of trading as a public company today (NYSE: SPIR). Founded in 2012, the Company was an early innovator of today’s new batch of cubesats to provide the world with space-based data…

Leading Global Provider of Space-Based Data and Analytics to Accelerate Growth Across Maritime, Aviation, Weather and Climate — Yesterday, two Promus Ventures portfolio companies (Rocket Lab and Spire) announced they were going public via SPAC (double the fun!). Yesterday we wrote about Rocket Lab’s $4.1B enterprise valuation announcement and today we get the privilege of trumpeting Spire and its plans to go public at a $1.2B enterprise valuation.

Introduces New 8-Ton Class Reusable “Neutron” Rocket for Mega Constellations, Deep Space Missions and Human Spaceflight You get one chance at life right? Might as well go big then, and hard to get much bigger than Rocket Lab. This extraordinary team has achieved a long list of accomplishments in a…