News

May 25, 2023

Former SpaceX VP's fund lands €60m from European Investment Fund

EU’s VC arm bets on Munich-based Alpine Space Ventures, which is targeting a €160m cash pot, to give European spacetech a rocket boost

Éanna Kelly

4 min read

The European Investment Fund (EIF) on Thursday announced a €60m investment into a VC firm led by a former senior executive at Elon Musk’s SpaceX, in the hope of leveraging this experience to boost spacetech investment on the continent. 

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Éanna Kelly

Éanna Kelly is a contributing editor at Sifted, and writes Startup Life , a weekly newsletter on what it takes to build a startup. Follow him on X and LinkedIn

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