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The Space Frontiers Fund, managed by SPARX Asset Management, is a venture capital initiative focused on the burgeoning space industry. It provides financial and strategic support to early-stage space startups, specifically advancing human resources and technological innovation. The fund actively cultivates a comprehensive network among stakeholders to accelerate sector development.
SPARX Group established the Space Frontiers Fund in June 2020, recognizing the imperative to enhance Japan's competitive standing in the global space arena. The fund was founded on the insight that fostering domestic companies capable of leading technological advancements is crucial. SPARX Asset Management leveraged its expertise to create this dedicated funding vehicle.
The fund targets innovative space startups requiring capital and strategic partnership for technology development and market expansion. Its overarching vision is to catalyze innovation throughout the aerospace business by fostering a dynamic environment. The Space Frontiers Fund seeks to promote the sustained growth and global competitiveness of Japanese enterprises within the expanding space economy.
Space Frontier Fund has 1 tracked investment across 1 company. The latest tracked deal is $28.0M Series B in iSpace in August 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 20, 2020 | iSpace | $28.0M Series B | IF SPV 1ST Investment Partnership | Mitsui, Takasago Thermal Engineering |