Costanoa Ventures leads Formation, Seed, and Series A stage investments in companies that change the way the world does business.

Costanoa Ventures

Congruent Ventures is a venture capital firm that seeks to invest in Mobility and Urbanization, Energy Transition, Food and Agriculture, and Sustainable Production & Consumption sectors. We look for technology companies that will positively impact our energy and resource consumption. If we see an opportunity to partner with a like-minded team focused on scale across hardware, software, or services, we’re interested.

Congruent Ventures

South Park Commons is a community designed to transform the chaos of possibility into the clarity of conviction for the most talented technologists, builders, and domain experts figuring out what's next. South Park Commons fosters an environment that encourages people to take risks and launch their next venture.

South Park Commons

Space Capital is a venture capital firm investing in the Space economy, specifically focused on unlocking the value in Space technology stacks such as GPS, Geospatial Intelligence, and Communications.

Space Capital

Ubiquity Ventures is a seed-stage institutional venture capital firm that invests in ''software beyond the screen'' startups and has close to $100 million under management. Ubiquity's portfolio includes B2B technology companies that utilize smart hardware or machine learning to solve business problems outside the reach of computers and smartphones. By transforming real-world physical problems into the domain of software, Ubiquity startups tap into large greenfield markets and offer more effective solutions. Leveraging a decade of institutional venture capital experience, Sunil Nagaraj leads Ubiquity Ventures along with an extended team of over 40 experts with a range of technical and marketing expertise. See more details on the Ubiquity Ventures website at http://www.ubiquity.vc.

Ubiquity Ventures

Climactic VC invests in visionary founders solving our planet’s greatest challenges: battling climate change, achieving sustainability, and creating a more circular economy. Founded by serially successful entrepreneurs who have also seasoned venture capitalists and growth execs, Climactic will help engineer the next wave of multi-billion dollar companies aligned with planetary and societal prosperity - proving that capitalism and impact are not in conflict.

Climactic VC

Radical Ventures is an early-stage venture capital firm investing in entrepreneurs applying deep technology to transform massive industries. With a primary focus on artificial intelligence, Radical Ventures partners with entrepreneurs with global ambition to build enduring companies. The firm is based in Toronto, Canada, and is backed by global investors.

Radical Ventures

Activate Capital is a growth equity partner to companies building smart, sustainable systems across the energy, transportation, and industrial technology markets. The firm aims to generate financial returns while contributing to this vision of the future by investing in entrepreneurial management teams in high growth companies using technology to make the world more efficient, intelligent, and sustainable. The partners have collectively invested over $1 billion across their target sectors, resulting in 30 successful exits through IPO and M&A.

Activate Capital Partners

ACME Capital is a venture capital and private equity firm that invests in breakthrough technologies that fuel platform shifts and disruptive business models that capitalize on new platforms. Its purpose is to support those founders who choose to take their capital.  The firm was founded in 2018 and headquartered in San Francisco, California.

ACME Capital

Muon Space

Muon Space is an end-to-end space systems provider focusing on dense, scientific-grade atmospheric, ocean, and land measurements. it designs, builds, and operates mission-tailored low-earth orbit (LEO) satellite constellations to deliver mission-critical data. Its technology stack enables customers to optimize every dimension of their missions for faster time-to-orbit and constellation remote sensing performance.

Muon Space is an aerospace company that develops low-Earth orbit satellite constellations for intelligence missions such as climate monitoring and national security. The company follows a three-phase approach: 1) designing the architecture, 2) building the hardware and software, and 3) cloud-based operations.

Technology providers that enhance satellite operations

Next-gen Satellites

Muon Space Secures $56M Series B Funding, Surpasses $100M in Customer Contracts in 2024 including Landmark Agreement with SNC

Muon Space is an aerospace company that develops low-Earth orbit satellite constellations for intelligence missions such as climate monitoring and national security. The company follows a three-phase approach: 1) designing the architecture, 2) building the hardware and software, and 3) cloud-based operations.The company uses remote sensing technology, including multispectral sensors and radio frequency instruments, to measure the impact of climate change by observing atmospheric and land characteristics as well as determining soil moisture.Muon Space’s technology platform Muon Halo was launched in April 2024, and the company reported that it had secured contracts worth over USD 60 million as of April 2024 to launch 10 satellites with remote sensing payloads between 2025 and 2026.&nbsp;Muon Halo is positioned on a vertically integrated technology platform incorporating the digital engineering and simulation platform MuSim, the data-centric middleware architecture MuOS, and the software-defined building blocks MuSat and MuCore. All of Muon Space’s mission operations are integrated within its cloud-based platform MuDash, to manage tasking, scheduling, and automated management of software updates and customer uploads.&nbsp;Muon Space’s state-of-the-art production facility in Silicon Valley is enhanced with its in-house hardware and software system for high-mix satellite integration at volumes and throughput “standard bus” lines.Key Customers and partnerships&nbsp;The company partnered with Microsoft in June 2023 to use the Azure Orbital Ground Station as its ground station for its MuSat-1 launch mission. Muon Space also partnered with the Earth Fire Alliance (EFA) in May 2024 and Sierra Nevada Corporation (SNC) in August 2024 to deliver three Muon satellites each to EFA’s FireSat constellation in 2026 and SNC’s Vindlér constellation in 2025.In November 2023, Muon Space partnered with Hydrosat to equip one of its satellites in 2024 with the latter’s second demonstration commercial imaging payloads to receive data to improve agricultural water.&nbsp;Muon Space was also selected by the Air Force WERX (AFWERX) in January 2024 for an SBIR Phase I contract focused on weather intelligence, surveillance, reconnaissance (ISR), and operational mission planning.

SpinLaunch is a space technology company developing a kinetic launch system to provide low-cost and high-frequency access to space. Unlike traditional fuel-based rockets, SpinLaunch's system utilizes a ground-based, electric-powered centrifuge to accelerate payloads to hypersonic speeds before releasing them into the atmosphere. Its solution is capable of putting 200 kg-class satellites into low orbit. The firm claims this method significantly reduces environmental impact by ~95% compared to conventional rocket launches. Its electric-drive Orbital accelerator offers a revolutionary approach to space travel and significantly reduces the fuel needed to reach orbit by 4x, mitigates costs by 10x, and enables multiple launches per day.Suborbital Accelerator operates at speeds between 800 miph and 5,000 miph, and primarily serves as a testing platform for the Orbital Launch System. It allows customers to conduct tests and serves as a facility for long-term satellite qualification. The company’s first major milestone was the successful test of its suborbital accelerator at Spaceport America in New Mexico in October 2021, where a projectile was launched tens of thousands of feet at 20% power capacity. SpinLaunch also planned to launch small satellites into low-Earth orbit by 2026.SpinLaunch has also created a new type of highly affordable satellite. It claims that applying mass manufacturing techniques and simplifying the supply chain reduces costs without compromising performance. SpinLaunch’s satellites are specifically designed for mass accelerators but are also compatible with traditional launch systems and serve a variety of use cases, such as surveillance broadcasts, Internet of things (IoT), machine-to-machine communication (M2M), and emergency communication platforms.<h3>Key customers and partnerships</h3>In September 2023, SpinLaunch partnered with Sumitomo Corporation (Japan) for the global expansion of affordable and sustainable space services. SpinLaunch has also attracted significant interest and formed strategic partnerships with major organizations, including ATW Partners, Kleiner Perkins, and GV. In 2019, the Department of Defense signed a "launch prototype contract" with SpinLaunch to provide reliable and cost-effective launch services​.Funding and financialsIn September 2022, SpinLaunch secured USD 71 million in a Series B funding round led by ATW Partners to continue developing its launch system and satellite technologies​. In January 2020, the company raised USD 35 million from venture capitalists to aid the development of its kinetic launch system.

SpinLaunch

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 Rocket Lab is a global leader in launch services and space systems, offering a comprehensive range of solutions from satellite manufacturing to orbital launches. The company's primary launch vehicle, Electron, has become the second most frequently launched US rocket annually, having delivered over 190 satellites to orbit for various commercial and government partners. Electron is capable of carrying payloads of up to 300 kilograms to low Earth orbit. In addition to Electron, Rocket Lab has developed HASTE, a suborbital hypersonic launch vehicle.
 
 
 
 
 Rocket Lab is currently developing Neutron, an advanced 13-tonne payload class reusable launch vehicle designed for constellation deployment and interplanetary missions. The company successfully conducted the first hot fire test of its Archimedes engine in August 2024, which will power Neutron's first stage. Neutron's unique design encapsulates its second stage within a reusable first stage with an integrated payload fairing. Rocket Lab aims to launch Neutron by mid-2025, potentially marking the fastest time to market for a commercially developed medium-class launch vehicle.
 
 
 
 
 Beyond launch services, Rocket Lab has established itself as a premier supplier of advanced satellites, flight-proven subsystems, and spacecraft components. The company's technology spans various areas, including space solar power, composite structures, flight software, star trackers, reaction wheels, and separation systems. As of August 2024, Rocket Lab's satellite technology and components have been integrated into more than 1,700 satellite missions globally. In the second quarter of 2024, Rocket Lab reported record revenue of USD 106.3 million, representing a 71% year-over-year increase.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 
 Rocket Lab has secured partnerships with several high-profile customers and organizations. The company has conducted multiple launches for NASA, including the CAPSTONE mission to the Moon in 2022 and the upcoming ESCAPADE mission to Mars. In August 2024, Rocket Lab delivered two spacecraft for the ESCAPADE mission to Cape Canaveral.
 
 
 
 
 Rocket Lab has also established a strong relationship with Capella Space, having completed five missions for the company since August 2020. In August 2024, Rocket Lab successfully launched Capella Space's Acadia-3 satellite, a synthetic aperture radar (SAR) satellite, into orbit. Additionally, the company has partnered with the University of California Berkeley's Space Science Laboratory to build spacecraft for NASA missions.
 
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Rocket Lab

Italy-based D-Orbit specializes in end-to-end solutions for satellite deployment, in-space transportation, and in-orbit servicing through its proprietary orbital transfer vehicle, the ION Satellite Carrier. The company asserts that the ION Satellite Carrier enables efficient satellite deployment by reducing the time from launch to operations by up to 85% and potential cost savings of up to 40%. It is also the first certified B-Corp space company in the world. As at June 2024, D-Orbit conducted its launches from the US and had completed 13 orbital transportation missions, deployed 100 satellites and 44 hosted payloads, with its next launch planned for July 2024.D-Orbit's services include (1) launch and deployment of satellites, (2) in-orbit services, (3) mission control as a service, (4) advanced services, and (5) systems and components.D-Orbit's launch and deployment services cater to small satellite operators with turnkey solutions that cover various phases of a satellite's lifecycle and includes offerings such as (1) Rideshare, which uses third-party compatible launchers for standard orbit deployment, (2) Precision Deployment, which uses the ION Satellite Carrier for customized orbit placement, and (3) Constellation Deployment, which phases satellite constellations using the ION carrier for optimal orbital placement. Additional services include insurance, mission analysis, onboard software development, and specialized transportation​.For Satellite management, D-Orbit offers a cloud-based mission control software suite named Aurora, which is designed for satellite operators and features a customizable web interface for telemetry, trajectory updates, and telecommands, along with 2D/3D orbit visualization. Operators can control satellites from any location and outsource mission control tasks to D-Orbit, reducing operational costs.The company also offers in-orbit maintenance services, which include satellite transportation, lifetime extension, in-orbit assembly and refurbishment, manufacturing, resupply, recycling, relocation, inspection, and debris removal.D-Orbit also offers advanced services such as the (1) ION Hosted Payload Service for swift payload deployment for testing and experiments, the (2) D-Orbit Cloud Platform for in-orbit data computing, and the (3) Satellite as a Service (SaaS) model exemplified by projects like IRIDE, offering satellite-based services without requiring customer-owned infrastructure. The IRIDE satellite constellation project is financed by the Italian PNRR (National Plan for Recovery and Resilience) and supported by the ESA (European Space Agency) and ASI (Italian Space Agency). IRIDE aims to provide advanced earth observation data for the Italian public administration and will offer services related to marine and coastal monitoring, air quality, land movement monitoring, land cover, hydro weather climate, and more. Satellite launches for the constellation are planned between 2025 and 2026.D-Orbit's Systems and Components division provides a suite of hardware components and software solutions for satellite operations, including the AOCS Suite, a modular Attitude and Orbit Control System designed for satellite stabilization and control, alongside the D-Sense multi-sensor ADCS module for precise satellite positioning. Additionally, its product lineup features specialized systems such as SimOn for safe rocket motor ignition, D3, a decommissioning device for satellite disposal, and D-Raise, a propulsion system engineered for efficient orbit raising, among others.Key customers and partnershipsKey customers include the European Space Agency (ESA), the Italian Space Agency (ASI), Planet Labs, the University of Southern California, Brown University School of Engineering, Spaceflight, Ensign-Bickford Aerospace &amp; Defense (EBAD), and TelePIX, a South Korean space startup.Notable partnerships include its tie-up with <a href="https://sp-edge.com/companies/26250">SpaceX </a>to launch its ION Satellite Carrier missions on <a href="https://sp-edge.com/companies/26250">SpaceX</a> transporters. D-Orbit has also partnered with <a href="https://sp-edge.com/companies/404857">Leaf Space</a> and AWS Ground Station to provide global coverage for its mission control software suite Aurora. Other partnerships include a collaboration with Starfish Space for orbital rendezvous missions, ​HyImpulse Technologies for a joint launch and deployment mission, MetaSensing for collaboration on the IRIDE project, and with SkyServe STORM to integrate edge computing functionalities within the SkyServe STORM platform, enabling the processing of live Earth observation data from D-Orbit's resources into inferences directly in space.

D-Orbit

Phantom Space Corporation is a space services company providing all-in-one capabilities for satellite manufacturing and launch services to commercial and government clients.Phantom Space caters to launch services primarily using its launch vehicle, Daytona Rocket, which is a two-stage system designed to carry payloads of up to 450 kg, including satellites and other space cargo into low-Earth orbit (LEO), for less than USD 4 million per launch. In addition to the Daytona, Phantom Space was developing the larger Laguna rocket, scheduled for launch in 2025, to be powered by a combination of Ripley and Hadley engines produced by Ursa Major to increase payload capacity to 1,200 kg for LEO missions at USD 8 million per launch.In November 2022, the company achieved a major milestone by conducting a successful 60-second hot fire test of the Daytona's Pathfinder test stage at Spaceport America in New Mexico, validating approximately 75% of the vehicle's systems in a flight-realistic condition.The company also provides solutions for designing, manufacturing, and operating small satellites, ranging from single CubeSats to constellations of ESPA-class spacecraft. As of May 2024, Phantom Space had 46 satellite and spacecraft programs successfully executed, while three were currently in progress.As of June 2023, the company aimed to offer affordable access to space through its proprietary rocket and satellite designs. To this end, Phantom Space aimed to employ mass production techniques to reduce costs and increase the frequency of space access for government and commercial entities. Key customers and partnershipsIn May 2023, Phantom Space signed a launch services agreement with Quub, a satellite manufacturer, for three dedicated launches in 2025.In November 2022, Phantom Space secured task orders from NASA for the agency's Venture-Class Acquisition of Dedicated and Rideshare (VADR) missions program. The orders involved launching four CubeSat satellites on the second and fourth Daytona rocket flights from Vandenberg Space Force Base, planned for 2024.

Phantom Space

Beyond Earth builds small rockets to provide dedicated CubeSat launches to low-earth-orbit on short notice.

Beyond Earth

Companies that offer launch capabilities to get satellites into orbit, including last-mile delivery of satellites and value-added services including launch mission planning and execution

Companies that provide satellite management services once they are deployed

Includes companies that develop satellite buses and payloads for mini, micro and nano systems

Companies that manufacture components for mini, micro, nano, and picosatellite systems

Satellite companies that offer location-based intelligence, navigation, mapping, spatial awareness, and data analytics services

Use of autonomous robotics in the production process, specially in the miniature satellite segments

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 Aerospace startup, Muon Space, has garnered approximately USD 57 million from a Series B funding round. Activate Capital was the lead investor with Acme Capital, Costanoa Ventures, Radical Ventures, and Congruent Ventures also participating.
 These funds will be used to boost the development of Muon's Halo Platform, scale up the company's operations, and widen and enhance its product suite in space-based sensing and analytics.
 The company also announced that it has secured over USD 100 million in customer contracts for 2024 for its Halo LEO satellites. The majority of this came from an agreement with Sierra Nevada Corporation (SNC), to create and deliver three next-generation satellites in 2025.
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Muon Space

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