Source: Seraphim Space
In Q1, private investment in SpaceTech significantly rebounded, with total investment reaching $14bn, up 75% from $801m in 04 2022. This marks the highest number of deals in a single quarter, with 128 deals closed in Q1 and a total of 402 deals on a TTM (Trailing Twelve Months) basis. While early-stage deals remain dominant, Q1 saw a 120% increase in growth deals compared to the previous quarter, as many growth-stage companies returned to raise financing after delaying throughout 2022. European growth-stage companies thrived, securing five out of the top ten international round sizes. Europe played a key role in driving Q1's rebound, emphasising the region's growing prominence in the SpaceTech sector. All subsectors experienced a decrease in investments, except for Product, which saw significant investments in climate-focused products leveraging space data.
The US remained the go-to place for large Series A investments.