Arielle Zuckerberg’s Venture Firm Backs French Space Tech Firm Dark
Arielle Zuckerberg, the younger sister of Meta chief Mark Zuckerberg, has invested in the French space technology company Dark through her venture capital firm Long Journey, marking another significant development in the burgeoning space sector.
Long Journey announced its investment in Dark, a company focused on preventing space debris from defunct satellites and other objects from re-entering Earth’s atmosphere. This investment aligns with Long Journey’s portfolio of space technology companies, including notable names like Elon Musk’s SpaceX and the U.S. defense technology company Anduril.
Arielle Zuckerberg, as a general partner at Long Journey, emphasized the pioneering spirit shared by Dark, SpaceX, and Anduril in exploring new frontiers and reshaping entire industries. She highlighted Dark’s commitment to advancing space security as a significant factor in Long Journey’s decision to invest in the company.
The latest fundraising round for Dark was led by the French investment company Eurazeo, with a total of $6 million raised. Long Journey participated in this round, contributing to Dark’s early-stage funding, which now totals $11 million. However, the announcement did not disclose specific details about Long Journey’s investment amount and stake in Dark.
In addition to Eurazeo and Long Journey, venture capital firm First, which had previously invested in Dark, also participated in the latest fundraising effort. This underscores the growing interest and support from investors in the space sector, reflecting broader trends in the industry.
The significant increase in funding for space startups, as reported by venture capital firm Space Capital, further highlights the momentum and growth opportunities in the space sector. With funding reaching $6.5 billion in the first quarter of the year, up from $2.9 billion in the previous year, there is a clear indication of the increasing investor confidence and optimism surrounding space-related ventures.
Comment Template