{"id":2212,"date":"2021-04-07T00:40:07","date_gmt":"2021-04-07T00:40:07","guid":{"rendered":"https:\/\/travelcommunication.net\/?p=27363"},"modified":"2021-04-07T00:40:07","modified_gmt":"2021-04-07T00:40:07","slug":"spacefund-venture-capital-announces-first-close-of-second-fund","status":"publish","type":"post","link":"https:\/\/www.travelindex.org\/media\/global-travel-news\/spacefund-venture-capital-announces-first-close-of-second-fund\/","title":{"rendered":"SpaceFund Venture Capital Announces First Close of Second Fund"},"content":{"rendered":"\n
\"SpaceFund<\/a> <\/div>\n

Houston, Texas, United States, April 7, 2021 \/ TRAVELINDEX \/ SpaceFund announced it has reached and surpassed the planned first close of $5 million for its $20 million BlastOff Fund today. The Houston and Austin-based company says commitments to the fund have reached $9 million as of Monday morning.<\/p>\n

\u201cWe are thrilled to see how many investors are placing their trust in our team,\u201d said SpaceFund founder Rick Tumlinson. \u201cWe spent a lot of time slowly and carefully developing our processes and credibility, so we can better serve both investors and the amazing space startup community, and it\u2019s paying off.\u201d<\/p>\n

\u2022 Currently maybe for sale, the one and only global space domain name, madeinspace.com \u2013 enquire here\u2026<\/a><\/p>\n

SpaceFund began life at the end of 2019, announcing its first LaunchPad fund in the fall of that year. The proof-of-concept fund closed in August of 2020 and has already invested in 13 exciting space startup companies. Continuing SpaceFund\u2019s strategic plan, the BlastOff Fund will build on those investments and expand the firm\u2019s portfolio with larger investments, including some in later-stage companies.<\/p>\n

\u201cSpaceFund is about combining a bold approach with a very conservative diligence and investment process,\u201d said SpaceFund managing partner Meagan Crawford. \u201cThe BlastOff Fund continues our careful growth plan but is designed to accelerate our ability to place investment into those companies that are leading the Space Revolution.\u201d<\/p>\n

The BlastOff Fund was helped in its ignition by billionaire digital finance innovator Jed McCaleb, creator of the Stellar protocol, who anchored the BlastOff Fund. A well-known visionary leader in the cryptocurrency world, McCaleb is also a believer in the rise of the NewSpace industry and commercial space.<\/p>\n

According to McCaleb: \u201cI came to SpaceFund to ask questions because they are seen as credible thought leaders in the space investment industry. By the time we finished talking, it was clear they were an obvious choice to help me invest in this amazing field.\u201d<\/p>\n

\u201cJed is a well-informed investor and one who deeply cares about the future of space and humanity,\u201d added Crawford. \u201cHe is exactly the kind of investor we hope to attract into the SpaceFund family. For us, this isn\u2019t just about money. It is about how we can best impact the future. Jed and the other investors in the fund get that.\u201d<\/p>\n

\u201cThere is a reason we call this the BlastOff fund,\u201d concluded Tumlinson. \u201cAnyone who follows what is happening in space can see that after almost 60 years, this industry is taking off. Our job is to help investors climb aboard the right companies to carry them to their financial destinations as we open the Frontier.\u201d<\/p>\n

\u2022 Currently maybe for sale, the one and only global space domain name, madeinspace.com \u2013 enquire here\u2026<\/a><\/p>\n

If you are an accredited investor and are as excited about what\u2019s happening in space as we are, please reply to this email to learn more about SpaceFund\u2019s proprietary data, unique market insights, and unparalleled deal flow. You can also acquire the very unique and outstanding domain name: madeinspace.com<\/a><\/p>\n

First published at TravelCommunication.net<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Houston, Texas, United States, April 7, 2021 \/ TRAVELINDEX \/ SpaceFund announced it has reached and surpassed the planned first close of $5 million for its $20 million BlastOff Fund today. The Houston and Austin-based company says commitments to the fund have reached $9 million as of Monday morning. \u201cWe are thrilled to see how …<\/p>\n","protected":false},"author":2,"featured_media":4399,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[52,43,94,37,95,96,45,46,44,48,97,53,47],"class_list":["post-2212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-travel-news","tag-featured","tag-global-travel-news","tag-madeinspace-com","tag-news","tag-premium-domain-name-for-sale","tag-space-fund","tag-travel-communication","tag-travel-index","tag-travel-news-hub","tag-unwtp-news","tag-update","tag-world","tag-wttc-news"],"_links":{"self":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts\/2212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/comments?post=2212"}],"version-history":[{"count":0,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts\/2212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/media\/4399"}],"wp:attachment":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/media?parent=2212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/categories?post=2212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/tags?post=2212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}