On January 16, the Grand Duchy of Luxembourg announced the closing of the initial funding round for Orbital Ventures, a new investment fund based in Luxembourg dedicated to supporting early stage innovative space companies, with a focus on businesses generating or expected to generate revenues in the near term. The funding round raised €70m from nine investors, including SES S.A., OHB AG, BNP Paribas, Promus Ventures and Luxembourg’s state-owned Société Nationale de Crédit et d’Investissement (SNCI), with SNCI’s investment accounting for €36m of the total.
Read more related news in Space Business Review January 2020.
