Starburst venture, a newly formed venture which has raised $200 million fund
investment at its early stage towards aerospace start-up for coming 3 years.
The funding is basically an extension of Starburst Accelerator, the company was
established in 2012 for helping aerospace & aviation technology start-ups for increasing
the number of investors. Company initial big deal with the business customer was $1
million or more in returns.
In the current scenario, Space technology is at the same location when biotech was
there around 15 years back, in terms of potential for beginners to flourish, said Chopard.
Francois Chopard, founder and CEO of Starburst Accelerator stated to TechCrunch that
the new investments will be invested to back around 35 new start-ups in next 3 years.
During the stage of series A, they will approve $3 million to $5 million with some reserve
capital for bigger follow-on rounds as well.
More industrialists and engineers are being attracted towards aviation & aerospace and
aviation, is what Chopard believes. They’re encouraged by establishments like SpaceX,
which was carefully chosen by NASA in 2014 to contribute to the U.S. Human
Spaceflight Program, and resourcefulness like Facebook Connectivity, which intentions
to beam the internet to people from the sky.
On another hand, mandatory leaders in aviation and aerospace have stopped trusting
their inner teams especially for any research work or development, Chopard said.
Anchor Partner of Starburst Venture is Leonie Hill Capital from Singapore, they were
first to raise fund for the company. As family deposit’s association, one partner of
Leonie Hill Capital’s partners will become an associate of the investment team for
Starburst Ventures in Singapore branch, Chopard said.
San Francisco being the headquarters of Starburst Ventures, but the secure and
accelerator will continue to manner accelerator and capitalizing activities from Paris,
Singapore, Munich and other cities globally.