January 31, 2020
EBAN Space Turns 3 with More than €30 Million Mobilized in New Space Investment
EBAN is pleased to celebrate 3 years of one of its oldest Communities – EBAN Space – launched in December 2016 to promote and advance Europe’s ecosystem for entrepreneurship, innovation, and investing in space technologies.
Over these 3 years, the Community has achieved great success, with EBAN Space Members, UK Space Tech Angels, Luxembourg Space Tech Angels, or our Business Angel Groups in Germany, France, Finland, Poland, Estonia, Sweden, and most recently our partners in Canada and the USA having directly invested or facilitated investments through mentoring and networking of more than 30 million Euros in space tech companies.
Thanks to support from partners like the ESA BICS, as well as EBAN’s dedicated New Space investor community coordinated by an Executive Committee of 13 members from 8 countries, EBAN Space has been able to orchestrate activities which have ultimately enabled more business angels to become space-tech investors as well as allowed ESA supported SMEs to receive direct private investments from the community. Furthermore, as the “place to be” for the private early stage investors, EBAN Space has also become a catalyst in involving strategic investors such as corporates of the likes of Thales, SES and Airbus, within the community’s activities.
As of 2020, EBAN Space has hosted 24 Venture Academies and International events focused on preparing more than 58 companies for meetings with investors; more than 100 one-to-one mentoring sessions with angel investors for the purpose of providing constructive advice to the founders on their business models, fundraising and growth strategies; and finally the recently introduced “Innovation Showcase” events, where founders presented their companies to an audience of private and corporate investors.
EBAN Space has also celebrated the launch of the following angel investor networks: Estonian Space Tech Angels; Luxembourg Space-Tech Angels; and UK Space Tech Angels. Currently the Community is working closely with our angel network members in Finland and Sweden to initiate early stage investor networks in those countries as well.
EBAN would like to congratulate EBAN Space for its myriad achievements and wish it even more success in the future in championing New Space as a viable and exciting investment sector and strengthening cross-border investment and networks within the industry.