Aerospace Manufacturer Venture Capital - Q1 2024 Investment Update
Blue: Deal Count (LHS) | Black: Total Financing Volume (RHS)
Executive Summary
In Q1 2024 the Aerospace Manufacturer Venture Capital funding space saw a reduction in both month-over-month deal volume and funding as well as year-over-year.
The quarter saw 5 financings close for $47.5 million USD, across Seed, Series A, Series C and undisclosed financing rounds. This was down from the 10 financings of an aggregate $475 million USD in Q4-2023 and down from Q1- 2023 which saw 9 deals representing $98 million USD.
A note should be made that both the Meteomatics and Second Front Systems deals have not disclosed the total funding amount and therefore this current period is likely being underreported on a dollar volume amount.
Lockheed Martin Ventures and AEI HorizonX were active in the quarter however the typically active Airbus Ventures was notably quiet. Let’s dive in:
Overview of Deals from Q1 2024 in Aerospace Manufacturer Venture Capital
Firestorm | Seed
$12.5 Million USD | Lead Investor: Lockheed Martin Ventures with participation from 645 Ventures, Backswing Ventures, Beyond Capital, Bravo Victor Venture Capital, Cubit Capital, Decisive Point, Feld Ventures, IronGate Capital Advisors, Marque Ventures, Overmatch Ventures, Red Cat, Silent Ventures, and The Veteran Fund
Elve | Series A
$15 Million USD | Lead Investor: TomEnterprise Private with participation from Cambium Capital Partners, Green Sands Equity, Lockheed Martin Ventures, and Yu Galaxy
Meteomatic | Unknown Round
Undisclosed | Lead Investor: Lockheed Martin Ventures
Second Front Systems | Unknown Round
Undisclosed | Lead Investor: Booz Allen Ventures with participation from AEI Horizon X, Moore Strategic Ventures, and New Enterprise Associates
ThayerMahan | Series C
$20 Million USD | Lead Investor: Hanwha Asset Management with participation from AE Industrial Partners, Chertoff Group, Hanwha Asset Management, Squared Capital, and Yellow Submarine
Disclaimer: This post is provided for informational purposes only and is not intended to be used as a basis for investment decisions. While the data and analysis in this report are drawn from sources believed to be reliable, accuracy and completeness cannot be guaranteed. The opinions and views expressed in this document are those of the authors and do not necessarily reflect the official policy or position of any other agency, organization, employer, or company. This document is not a substitute for professional advice. Before making any investment, we recommend consulting with a qualified professional advisor who understands your specific needs and circumstances. All investments involve risks, including the potential loss of principal.
