Starburst Ventures aims to back startups that can follow in SpaceX’s footsteps. (SpaceX Photo)
On the eve of its first event in Seattle, Starburst Accelerator says it has set up a $200 million venture fund to invest in aviation and aerospace startups over the next three years.
Starburst Venture, formed in collaboration with Singapore-based Leonie Hill Capital, will focus on early and growth-stage companies, with the first investments due to be made in the first quarter of 2017, the fund’s founders said today in a news release.
The investment team will be mainly based in San Francisco, but will also leverage Starburst Accelerator’s existing operations in Los Angeles, Paris, Munich and Singapore.
Starburst Accelerator was founded in 2012 by Francois Chopard, a former Airbus engineer and aerospace strategy consultant. Since then, it has teamed up with more than 100 companies to provide a boost for business development.
