And it was launched into space by SpaceX, Elon Musk’s space juggernaut, backed by Founders Fund, Sequoia, Valor Equity Partners, and a host of other VC firms. Many sectors in the venture capital market have slowed during the downturn, but space startups are—quite literally—taking off. EXITS- ABB has agreed to acquire SEAM Group, a Beachwood, Ohio-based energy asset management platform, from Align Capital Partners. FUNDS + FUNDS OF FUNDS- Partech, a Paris-based venture capital firm, raised $300 million for its second Africa-focused fund. PEOPLE- Red Dot Capital Partners, a Tel-Aviv, Israel-based venture capital firm, has promoted Lidor Sigron to principal.

Source: Forbes February 20, 2024 16:11 UTC