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Balerion Space Ventures

Venture capitalActively deployingoperating company · company profile

Dallas · Seed–Late Stage · 11 people tracked

Also known as BALERION SPACE VENTURES MANAGEMENT, LLC

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Investment thesis

Balerion Space Ventures backs companies building the new space economy. Its multi-disciplinary team brings together aerospace engineering and institutional investing experience, and has been investing together in space technology for nearly five years across more than 24 companies. The firm leverages expertise spanning venture capital, capital markets, and space technology.

Source: firm website, verified Sep 29, 2026.

Stage
Seed–Late Stage
HQ
Dallas, Texas, US
Instruments
Equity
Founded
2022
Last 12 months
6 investments
Private fund assets
$123.5M
VC funds
4
Tracked investments
45
Unicorns
8
Acquisitions
1

Team · 11 people

from the firm's website
Daniel Wallman· General Partnerin
Emerson Garnett· Principalin
Beau Spradling· Chief Financial Officerin
Blair Bigelow· Advisorin
Douglas Mcadams· Advisor - Ex. Navy Nukein

What they invest in

from 34 of 45 portfolio companies

Hardware ×19Space Tech ×19Deep Tech ×18Defense Tech ×12Advanced Manufacturing ×8AI & Machine Learning ×7Cleantech ×4Robotics ×4

HQs:United States×28United Kingdom×1Netherlands×1

Who they back

founder profiles across 28 portfolio companies
18%
solo founders
5 of 28 mapped founding teams
36%
repeat founders
of 36 founders with career history
~5 yrs
old at investment
median across 9 dated deals

Founding team size:solo founder×52 founders×103 founders×94+ founders×4

Where their founders studiedfrom 35 founders with education data

Cornell ×3Massachusetts Institute of Technology ×3University of California, Berkeley ×3University of Southern California ×3Boston University ×2Delft University of Technology ×2Stanford University Graduate School of Business ×2University of Colorado Boulder ×2

What their founders studiedfrom 38 founders with field-of-study data

Engineering ×23Business & Management ×5Finance & Accounting ×3Computer Science ×2Economics ×2Mathematics & Statistics ×2Physics ×2

Where their founders worked beforefrom 36 founders with career history

SpaceX ×7Apex Technology ×2Blue Origin ×2Founders Fund ×2Gusto ×2Holder Aerospace ×2Hyperion Technologies B.V. ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×3Techstars ×2

3 founders hold a PhD · 6 hold an MBA (of 40 with degree data)

Investments · 45 tracked

founders shown can be your intro path

By year:2026 · 62025 · 32024 · 32016 · 113 dated

Adranosadranos.comAcquired

Adranos was a Purdue University spinout that manufactured solid rocket motors and a proprietary aluminum-lithium rocket fuel called ALITEC for missiles and space-launch vehicles.

Mchenry, US

Archibald Cox(Director)Ganson Evans(Director)Brandon C. Terry(Executive Officer, Director)Christopher D. Stoker(Executive Officer, Director)

Co-investorsSica VenturesExplorer 1 Fund

Afternoon.coafternoon.coin𝕏

Afternoon provides financial operations software for AI companies, handling compute cost management, pricing analysis, and expense attribution to help founders understand their financials and make informed decisions.

AI & Machine LearningEnterprise SoftwareFintechSaaSNew York City, US

Roman Zubenko(CEO)inBenjamin Paik(CPO)in

Co-investorsTreeo VCY CombinatorEndurance CapitalNetwork VCRecursive Ventures

Andurilanduril.comin

Anduril builds autonomous systems and software for defense and military applications, including attack aviation, unmanned aircraft, and underwater vehicles, unified by an autonomy platform.

AI & Machine LearningDefense TechHardwareRobotics

Palmer Luckey(Founder)inBrian Schimpf(Founder)inTrae Stephens(Founder)inJoe Chen(Founder)Joseph Chen(Founder)inMatt Grimm(Founder)

Co-investors137 Ventures1435 Capital1Flourish Capital8VCAliya Capital PartnersAltra Venture+105 more

Antaresantaresindustries.comin𝕏Oct 2025

Antares Industries develops nuclear reactor technology, with teams spanning nuclear, reactor hardware, and mission engineering as well as manufacturing and regulatory operations.

Advanced ManufacturingCleantechDeep TechDefense TechEnergyParker, US

Jordan Bramble(CEO & Co-Founder)inJulia DeWahl(Founder)inRian Bahran(Chief Nuclear Officer)inMark Massie(Chief Engineer)inDONALD G MACK(Executive Officer, Director)

BoardJack Altman(Director)

Co-investors53 StationsAtacama VenturesBoxGroupCaffeinated CapitalHeartfelt CapitalHumba Ventures+22 more

Any Signalanysignal.comin𝕏

AnySignal builds a software-defined, full-stack RF platform providing communications, radar, and sensing across space, land, air, and sea domains.

Defense TechHardwareSpace TechEl Segundo, US

Ricardo Medina(Founder)inRicky Medina(Founder)John Malsbury(Executive Officer, Director, Promoter)Jeffrey Osborne(Executive Officer, Director, Promoter)

BoardArthur Karell(Director)inDavid Byrd(Director)in

Co-investorsAcequia Capital (AceCap)Beyond CapitalBlueYard CapitalUpfront VenturesFirst InMana Ventures

Apex Spaceapexspace.comin𝕏

Apex manufactures productized satellite bus platforms at scale for constellation deployment and critical missions.

Advanced ManufacturingDefense TechHardwareSpace TechLos Angeles, US

Ian Cinnamon(Founder)inMax Benassi(Founder)inMaximilian Benassi(Founder)

Co-investorsAndreessen HorowitzCRV (Charles River Ventures)Embedded VenturesGlade Brook Capital PartnersGlynn Capital ManagementJ2 Ventures+15 more

Armada AIarmada.aiin

Armada develops edge computing and AI solutions for industrial applications.

AI & Machine LearningCloud ComputingData & InfrastructureDeep Tech

Dan Wright(Founder)inJon Runyan(Founder)inPradeep Nair(Founder)in

Co-investors137 Ventures515 VenturesArtisanal VenturesCollaborative FundCollective LiquidityCommodity Capital+27 more

Dawndawnaerospace.com𝕏Jun 2026 · $25M

Dawn Aerospace builds space transportation infrastructure including flight-proven green chemical satellite propulsion systems, in-space refueling capabilities, and a reusable spaceplane.

Deep TechHardwareSpace TechDelft, NL

Stefan Powell(Founder)inJeroen Wink(Founder)inJames Powell(Founder)inRobert Werner(Founder)inTobias Knop(Founder)in

Co-investorsAera VCAlpha FundsCrosscourt VenturesGlobal BrainANA Future Frontier FundIcehouse Ventures+1 more

Dawndawn.health𝕏Aug 2026 · $25M

Dawn provides digital therapy for insomnia treatment, offering patient-tailored programs delivered by sleep coaches.

Digital HealthHealthtechMental HealthWellness & Fitness

Rahul Shivkumar(Co-Founder)Andreas Meistad(Co-Founder)Varun Krishnamurthy(Co-Founder)in

Co-investorsKindred VenturesAlpha FundsANA Future Frontier FundCrosscourt VenturesGaingelsGD1+6 more

Ereborerebor.bank

Erebor is a US national bank in Columbus, Ohio serving AI, crypto, defense and advanced manufacturing companies.

Palmer Luckey(Founder)

Co-investorsAntiArctic DigitalCastle Island VenturesChapter OneIneffable VenturesInnova Capital Partners, LLC+20 more

FABRIfabriusa.comNov 2024

Fabri operates a software-defined, technology-enabled foundry that produces investment castings for applications such as jet engines, AI data center turbines, and missiles.

Advanced ManufacturingAI & Machine LearningDefense TechHardwareBoston, US

Steven Davis(Chief Executive Officer and President of Issuer)inThomas Cole(Secretary and Treasurer)in

BoardAlex Poulin(Director)in

Co-investorsSBXiTenon VenturesLavrock Ventures

Havenfeelslikefloating.cominMar 2026 · $500M

Haven Nature Studio is a Los Angeles hilltop sanctuary offering yoga, meditation, breathwork, sound baths and music events.

Digital HealthStudio City, US

Co-investorsTechstarsEarthrise VenturesMitsui & CoMUFGQatar Investment AuthoritySpace Capital

Havenhavenpanels.cominMar 2026 · $500M

Haven manufactures prefabricated building panels that arrive pre-routed for electrical and plumbing and integrate into standard construction practices, letting a 4-person crew get a home under roof in 2 to 5 days.

Advanced ManufacturingConstruction TechPropTech

Co-investorsVirta VenturesEarthrise VenturesMitsui & CoMUFGQatar Investment AuthoritySpace Capital+1 more

Impulse Spaceimpulsespace.comin𝕏

Impulse Space develops in-space mobility infrastructure and spacecraft, enabling transportation and logistics between Earth orbit, the Moon, and Mars.

Deep TechDefense TechSpace TechRedondo Beach, US

Tom Mueller(Founder)inThomas Mueller(Founder)inEric Romo(Executive Officer, Director)inMargaret Abernathy(Executive Officer)in

BoardMichael Linse(Director)inJohn William Raymond(Director)

Co-investors137 VenturesAlumni VenturesArctic DigitalAsahi Kasei Corporate Venture CapitalBanner VCBasecamp Fund+27 more

Kineticwearkinetic.comin

Kinetic provides smart injury reduction technology integrated into workers' compensation policies, using wearable devices and AI-powered analytics to reduce workplace injuries and manage claims more effectively.

EdTechFintechHealthtechInsurTechIoTNew York City, US

Haytham Elhawary(Founder & CEO)in

Co-investorsCity LightConstruct CapitalCrosslink CapitalManchesterStory Group, LLCMenlo VenturesR/GA Ventures+9 more

Kinetickinetic.xyz𝕏

Kinetic is a decentralized exchange (DEX) on the Solana blockchain that lets users swap and trade over one million tokens with routing algorithms for efficient pricing and fast execution.

Crypto & Web3Fintech

Co-investorsAbstract VenturesCitizenX Crypto VenturesFJ LabsSoma CapitalAutomotive Ventures MobilityConstruct Capital+3 more

Kinetic hub networkkinetic.autoin𝕏

Kinetic builds hardware, robotics, and AI systems for automotive repair, helping service providers diagnose and repair modern vehicles with precision and speed.

AI & Machine LearningHardwareRoboticsCosta Mesa, US

Sander Marques(Founder)inHaytham Elhawary(Founder)

Co-investorsAutomotive Ventures MobilityConstruct CapitalEssentia VenturesMenlo VenturesAbstract VenturesAntler+6 more

Lunar Outpostlunaroutpost.comin𝕏

Lunar Outpost builds robotic infrastructure, lunar rovers, and space resource systems to support human exploration and commerce on the Moon and other planetary bodies.

Deep TechHardwareRoboticsSpace TechGolden, US

Andrew Gemer(Executive Officer)inForrest Meyen(Co-Founder & CSO)inJulian Cyrus(Co-Founder & COO)inJustin Cyrus(Founder)inAJ Gemer(Co-Founder & CTO)in

BoardDaniel Kleinmann(Director)in

Co-investorsAurelia FoundryBeyond Earth VenturesEniac VenturesIndustrious VenturesSpace CapitalType One Ventures+5 more

Lynklynk.worldin𝕏

Lynk Global provides direct-to-device satellite connectivity to mobile phones without requiring ground infrastructure.

Space TechChevy Chase, US

Tyghe Speidel(Co-Founder and CTO)in

Co-investorsBlazar Ventures, LLCFlucas VenturesOne Way VenturesRRE VenturesStarbridge Venture Capital LlcTime Zero Capital+4 more

Machina Labsmachinalabs.aiin𝕏

Machina Labs builds and operates software-defined factories using AI-guided robotics to manufacture complex metal structures and components from digital designs.

Advanced ManufacturingAI & Machine LearningRoboticsChatsworth, US

Edward Mehr(Founder)inBabak Raeisi Nia(Executive Officer, Director)Babak Raeisinia(Founder)

BoardPeter Lee(Director)inScott Brady(Director)inSam Smith-Eppsteiner(Director)in

Co-investorsAIX VenturesAlumni VenturesATEL VenturesAtento CapitalCadron Capital PartnersCongruent Ventures+17 more

Magdrivemagdrive.spacein𝕏Feb 2025 · $10.5M

Magdrive develops electric propulsion systems for satellites, specifically the Warlock thruster which uses metal propellant and plasma generation to deliver high thrust in a compact form factor.

Deep TechHardwareSpace TechLondon, GB

Thomas Clayson(Founder)inMark Stokes(Co-founder & CEO)inMark A. Stokes(Founder)

Co-investors7percent VenturesAlumni VenturesEntrepreneur FirstFounders FundOutsized Venturesredalpine

Magrathea Metalsmagratheametals.comin𝕏

Magrathea develops a new electrolytic process to produce magnesium metal from seawater and brines, aiming to establish American and Western supply of this defense-critical material currently dominated by China.

Advanced ManufacturingCleantechDefense TechNew MaterialsArkansas, US

Alexander Grant(CEO)Alex Grant(Founder)Jacob Brown(Founder)

Co-investorsAvilaCompoundHyperguapJuniperNecessary VenturesVoLo Earth Ventures+5 more

Northwood Spacenorthwoodspace.ioApr 2026 · $30M

Northwood provides end-to-end ground infrastructure for space missions, from concept through deployment to live data delivery.

Deep TechHardwareSaaSSpace Tech

Shaurya Luthra(Founder)inBridgit Mendler(Founder)Griffin Cleverly(Founder)

Co-investorsAlpine Space VenturesAlso CapitalAlumni VenturesAndreessen HorowitzAurelia FoundryBoxGroup+13 more

Phantom Spacephantomspace.cominMar 2024

Phantom Space Corporation builds small satellite launch vehicles and satellites, along with its Phantom Cloud data-center constellations, to provide launch and in-space delivery services.

Deep TechHardwareSpace TechTucson, US

James Cantrell(Executive Officer, Director)Michael D'Angelo(Executive Officer, Director)Michal Prywata(Executive Officer)

Co-investors4D CapitalCaravela CapitalChenel Capital Partners

Radian Aerospaceradianaerospace.comin𝕏Feb 2016

Radian Aerospace is developing fully reusable spaceflight vehicles, including Radian One, a single-stage-to-orbit mission platform for routine access to Low Earth Orbit, and R3V, a reusable reentry capsule for hypersonic testing and rocket cargo.

Deep TechHardwareSpace TechRenton, US

Curtis Gifford(Chief Financial Officer, Chief Operating Officer, & Co-Founder)inRichard Humphrey(Chief Executive Officer & Co-Founder)inLivingston Holder(Chief Technology Officer & Co-Founder)inJeff Feige(Founder)inLivingston L. Holder, Jr.(Founder)

Co-investorsAdvection Growth CapitalAlumni VenturesEvolution VC PartnersFine Structures VenturesHCVCHelios Capital+11 more

Relativity Spacerelativityspace.comin𝕏

Relativity Space develops Terran R, a reusable medium-to-heavy-lift rocket designed for efficiency and scalability, serving government entities, telecommunications companies, and commercial customers for space access missions.

Advanced ManufacturingAI & Machine LearningDeep TechDefense TechHardwareSpace TechLos Angeles, US

Tim Ellis(CEO)inJordan Noone(CTO)inEric Schmidt(CEO)inAlex Levy(Investor)inNatalie EstrellaArleen Giger(Principal Recruiter)

Co-investorsAidenlair CapitalARA NEA Ventures (Brand: Dmz.Xyz)Aurum Venture PartnersBaruch Future VenturesBold Capital PartnersCoatue Management+61 more

Samara Aerospacesamaraaerospace.cominJan 2026

Samara Aerospace designs and builds high-performance satellite platforms featuring the Hummingbird satellite bus, which combines pointing stability, agility, and power generation in a compact form for commercial, civil, and national security missions.

Deep TechHardwareSpace TechSuperior, US

Patrick Haddox(Co-founder)inVedant(Founder)

Co-investorsElm Street VenturesGeneral CatalystIllinois VenturesTamiami AngelTechstarsTenon Ventures+3 more

SkyFiskyfi.comin𝕏

SkyFi operates a platform that provides access to satellite imagery and Earth observation analytics from multiple providers through a single, user-friendly interface with transparent pricing.

Data & InfrastructureDeep TechDefense TechSaaS

Luke Fischer(Founder)in

Co-investorsBeyond Earth VenturesBuoyant Ventures Management, LlcCapital FactoryDNV VenturesIronGate Capital AdvisorsJ2 Ventures+3 more

Space Kineticspacekinetic.comin

Space Kinetic develops technology to enable frequent, low-cost maneuvering and operations for spacecraft and space systems.

Deep TechHardwareSpace Tech

Scott Ziegler(Founder)in

Co-investorsBackswing VenturesCAL InnovationCalifornia Innovation FundIndustrious VenturesUP PartnersCerraCap Ventures

Space Perspectivespaceperspective.com

Space tourism company offering carbon-neutral journeys aboard Spaceship Neptune.

Co-investorsBase Venture Management, Inc.Gamegroove CapitalGreen Sands EquityInvariantes FundMarketX VenturesRepublic Capital (ex Republic Labs)+3 more

Starpath Roboticsstarpath.spaceJul 2024

Burlingame, US

MIHIR VIJAY GONDHALEKAR(Director)Saurav Shroff(Founder)in

BoardROHAN PUJARA(Director)in

Co-investorsAlpha FundsARA NEA Ventures (Brand: Dmz.Xyz)Crucible CapitalFusionGoAhead VenturesHummingbird Ventures+6 more

Stoke Spacestokespace.comin𝕏

Stoke Space develops fully reusable rockets for space transportation and mobility services.

Advanced ManufacturingDeep TechHardwareSpace TechSeattle, US

Andy Lapsa(Founder)inTom Feldman(Founder)inKelly Hennig(Executive Officer)inSula Bondaruk(Recruiter)Marla Nielsen(Recruiting Coordinator)Chantal Penton(Recruiter)

Co-investorsAcequia Capital (AceCap)AF WPartnersATEL VenturesAurelia FoundryBeyond CapitalBeyond Earth Ventures+53 more

Ursa Majorursamajor.comin𝕏

Ursa Major develops flight-proven aerospace and defense systems, including hypersonic engines, solid rocket motors, and space mobility solutions for military and defense applications.

Defense TechHardwareSpace TechBerthoud, US

Joe Laurienti(Founder)inNick Doucette(Co-Founder & Vice President, Strategic Operations)inDan Jablonsky(CEO)inChris Spagnoletti(Chief Executive Officer)in

Co-investorsAlpha EdisonAtento CapitalBrave CapitalCrosscourt VenturesEclipse VenturesHarpoon Ventures+8 more

Valar Atomicsvalaratomics.comin𝕏

Valar Atomics is developing and scaling high-temperature gas nuclear reactors for grid-independent applications including hydrogen production, data center power, and clean hydrocarbon fuel production.

CleantechDeep TechEnergySan Rafael, US

Isaiah Taylor(Founder)in

Co-investorsAlleyCorpAlumni VenturesARA NEA Ventures (Brand: Dmz.Xyz)Balaji SrinivasanBVVCContrary+23 more

Varda Space Industriesvarda.comin𝕏

Varda industrializes low Earth orbit by manufacturing pharmaceuticals and other specialized products in space, then returning them to Earth via reusable reentry capsules.

BiotechDeep TechSpace TechEl Segundo, US

Will Bruey(Founder)inDelian Asparouhov(Founder)inDaniel Marshall(Founder)Trae Stephens(Director)Josh Wolfe(Director)

Co-investorsAlso CapitalCaffeinated CapitalFounders FundGeneral CatalystKhosla VenturesLux Capital+36 more

VASTvastspace.comin𝕏

Vast operates the only commercial space station with a track record of launching and operating its own spacecraft in orbit.

Deep TechHardwareSpace TechLong Beach, US

Max Haot(CEO)Colin Smith(Senior Vice President, Haven-1 Program)Jed McCaleb(Founder)inSimon Song(Founder)

Co-investorsEarthrise VenturesGeodesic CapitalIn-Q-TelOutliers FundSpace Capital

X-Bow Systemsxbowsystems.comin𝕏

X-Bow Systems is a non-traditional producer of solid rocket motors that leverages advanced additive manufacturing techniques to deliver customizable, high-performance rocket motors and comprehensive flight test services for defense and space applications.

Defense TechHardwareSpace Tech

Jason Hundley(Founder)inMark Kaufman(Founder)Maureen Gannon(Founder)

Co-investorsBroom VenturesBVVCCapital FactoryCrosslink CapitalRazor's Edge VenturesTop Corner Capital+3 more

Zeno Power Systemszenopower.comin𝕏Jan 2025

Zeno develops nuclear batteries that convert heat from decaying radioisotopes into electricity for extended-duration applications in space and deep-sea environments where conventional power sources are inadequate.

CleantechDeep TechDefense TechEnergyHardwareSpace TechArlington, US

Jonathan Segal(Founder)inTyler Bernstein(Founder)inJake Matthews(Founder)

BoardArjun Sethi(Director)inSam Rohr(Director)John M. Richardson(Director)

Co-investors7percent VenturesAIN VenturesAlumni VenturesBeyond Earth VenturesDCVC (Data Collective)Evolution VC Partners+17 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Continuum SpaceDawn AerospacedoxxnetMagratheaRelativityVarda SpaceVOYAGER TECHNOLOGIES

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Balerion Space Ventures made?
Balerion Space Ventures has 45 tracked investments, 1 of which have exited, including 10 dated in the last 24 months.
What stage does Balerion Space Ventures invest at?
Balerion Space Ventures invests at the Seed, Series A, Series B, Series C, Late Stage stages.
What sectors does Balerion Space Ventures focus on?
Balerion Space Ventures focuses on Deep Tech, Defense Tech, Space Tech.
Where is Balerion Space Ventures located?
Balerion Space Ventures is headquartered in Dallas, US.
Does Balerion Space Ventures lead rounds?
Balerion Space Ventures has led 6 of the 10 rounds where its role is on record.
Who does Balerion Space Ventures co-invest with?
Balerion Space Ventures most often shares deals with Gaingels, Alumni Ventures, Industrious Ventures, among 270 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Phil Scully, Balerion Space Ventures | The Jeff Crilley Show

The Jeff Crilley Show · Phil Scully

Space Race 2.0: U.S. Innovation vs. China with Daniel Kleinmann, Balerion Space Ventures

Avidian Wealth · Daniel Kleinmann

Images

Balerion Space Ventures photo

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