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Explorer 1 Fund

Micro-fund

USDeep TechOther

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Investment thesis

Explorer 1 Fund invests in companies that are fundamental to the growth and success of the new space economy, covering all verticals within the sector — including satellite technology, space exploration, launch propulsion, in-space manufacturing, and related infrastructure. The firm was founded in 2021 and is based in Venice, California. Its team combines over 32 years of experience at NASA's Jet Propulsion Laboratory (JPL), 10 years of aerospace engineering experience at Boeing and Blue Origin, and over 20 years of institutional investing experience across early-stage venture and public equities. Explorer 1 targets early-stage ventures — primarily Seed and Series A — providing not just capital but strategic guidance and access to a broad network of industry leaders, with the goal of fueling visionary entrepreneurs and contributing to a sustainable and prosperous space economy.

Notable quotes

The new space economy is unique from all other categories as it has the potential to lay the foundation for not just a new market, a new economy, but a whole new world.

Daniel Wallman · Space Ambition Substack, Issue No. 60 · 2023-11-17

The new space will have structural similarities to other VC categories once it matures but will likely be multiple times larger in terms of TAMs.

Daniel Kleinmann · Space Ambition Substack, Issue No. 60 · 2023-11-17

Team

Philip Scully

General Partner

Deep TechOther

Leon Alkalai

General Partner

Deep TechOther

Daniel Wallman

Principal

Deep TechOther

Daniel Kleinmann

Principal

Deep TechOther

Recent investments

CompanyRoundSizeDate
Ursa MajorSeries D / D-1$138m2023-11-30
SkyFiSeed$14m2023-07-05
Continuum Space SystemsSeed$3m2023-06-01
Varda Space IndustriesSeed2021-01-01
Stoke SpaceSeed2021-01-01
Lunar OutpostSeed2021-01-01
Radian AerospaceSeed$28m2022-01-01
Adranos EnergeticsSeries A$20m2022-04-26
Lynk GlobalSeed

Frequent co-investors

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