Earth & Beyond Ventures launches fund with $125M in initial funding to invest in Israeli space tech startups

Earth & Beyond Ventures has launched a new early-stage venture fund with an initial funding commitment of $125 million to invest in Israeli tech startups in the emerging commercial space ecosystem.

Earth & Beyond said it would invest between $500,000 to $2 million for seed and pre-seed companies in technologies such as semiconductors, robotics, new materials, sensors, smart farms, quantum computing, solar power, cyber security, and alternative proteins.

Backed by global manufacturing, and space industry conglomerates, the Earth & Beyond Ventures is the first fund of its kind in Israel to focus primarily on supporting deep space explorations and innovations with dual-purpose space and terrestrial applications and aims to boost Israel’s emerging commercial space ecosystem.

Backers for the new fund include Israeli satellite firm SpaceCom, the manufacturer and NASA supplier Corning Inc, Japanese electronics giant Kyocera Corp, and Samtec, a manufacturer of electronic connectivity components. The fund’s general partners include Daniel Recanati, Doron Zauer, Dr. Israel Biran, and Ofer Asif. The group is also backed by the Israel Innovation Authority.

Commenting on the new fund, Earth & Beyond CEO Baruch Schori said:

“Israel’s achievements in the development of innovative technologies are world-renowned, but many don’t realize that Israel was one of the first countries to design, build and launch its own satellite, a feat which requires tremendous cross-disciplinary expertise and know-how.”

Earth & Beyond said it would invest between $500,000 to $2 million for seed and pre-seed companies in technologies such as semiconductors, robotics, new materials, sensors, smart farms, quantum computing, solar power, cyber security, and alternative proteins.

“Together with our investors and partners in the ecosystem, our job at Earth & Beyond Ventures is to identify and support the deep technologies and ideas that can become powerful applications not just here on earth, but in space as well,” Schori added.

Founded in August 2022 by Daniel Recanati, the Tel Aviv, Israel-based Earth & Beyond Ventures invests in groundbreaking early-stage Israeli innovations as early as first money with the goal of developing the next generation of Israeli deep technology companies and nurturing Israel’s new space ecosystem.