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Linklaters Luxembourg Investment Funds team recently advised Promus Ventures in the fundraising of Orbital Ventures, a fund at the heart of Luxembourg’s expanding space strategy. The ‘Space Fund’, focusing on international early-stage space companies, closed at €120 million. In addition to private sector investments, the European Investment Fund committed €40 million with participation also from Luxembourg’s Ministry of the Economy and the National Credit and Investment Institution.
Hermann Beythan, Head of Linklaters Investment Funds practice, says: “Luxembourg has long been a key player on the international space stage, and we are privileged to have been involved in the development and launch of this major new initiative in the sector. By investing in breakthrough...
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