Balerion Space Ventures — Full Portfolio

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

RZRoman Zubenko(CEO)inBPBenjamin Paik(CPO)in

Co-investorsTRTreeo VCY Y CombinatorENEndurance CapitalNENetwork VCRERecursive Ventures

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

PLPalmer Luckey(Founder)inBrian Schimpf(Founder)inTSTrae Stephens(Founder)inJoe Chen(Founder)JCJoseph Chen(Founder)inMatt Grimm(Founder)

Co-investors13137 Ventures141435 Capital1F1Flourish Capital8V8VCALAlephALAliya Capital Partners+111 more

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

JBJordan Bramble(CEO & Co-Founder)inJDJulia DeWahl(Founder)inRBRian Bahran(Chief Nuclear Officer)inMMMark Massie(Chief Engineer)inDONALD G MACK(Executive Officer, Director)

BoardJack Altman(Director)

Co-investors5353 StationsATAtacama VenturesBOBoxGroupCACaffeinated CapitalHEHeartfelt CapitalHUHumba Ventures+22 more

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)

BoardAKArthur Karell(Director)inDBDavid Byrd(Director)in

Co-investorsACAcequia Capital (AceCap)BEBeyond CapitalBLBlueYard CapitalUPUpfront VenturesFIFirst InMAMana Ventures

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

Advanced ManufacturingDefense TechHardwareSpace TechLos Angeles, US

ICIan Cinnamon(Founder)inMBMax Benassi(Founder)inMaximilian Benassi(Founder)

Co-investorsANAndreessen HorowitzCRCRV (Charles River Ventures)EMEmbedded VenturesGLGlade Brook Capital PartnersGLGlynn Capital ManagementJ2J2 Ventures+15 more

Armada develops edge computing and AI solutions for industrial applications.

AI & Machine LearningCloud ComputingData & InfrastructureDeep Tech

DWDan Wright(Founder)inJRJon Runyan(Founder)inPNPradeep Nair(Founder)in

Co-investors13137 Ventures51515 VenturesARArtisanal VenturesCOCollaborative FundCOCollective LiquidityCOCommodity Capital+29 more

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

SPStefan Powell(Founder)inJWJeroen Wink(Founder)inJames Powell(Founder)inRobert Werner(Founder)inTobias Knop(Founder)in

Co-investorsAEAera VCALAlpha FundsCRCrosscourt VenturesGLGlobal BrainMAMana VenturesANANA Future Frontier Fund+1 more

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

Digital HealthHealthtechMental HealthWellness & Fitness

RSRahul Shivkumar(Co-Founder)AMAndreas Meistad(Co-Founder)VKVarun Krishnamurthy(Co-Founder)in

Co-investorsKIKindred VenturesALAlpha FundsANANA Future Frontier FundCRCrosscourt VenturesGAGaingelsGDGD1+6 more

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

Palmer Luckey(Founder)

Co-investorsAMAmbush CapitalANAndreessen HorowitzANAntiARArctic DigitalCACastle Island VenturesCHChapter One+24 more

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

SDSteven Davis(Founder & CEO)inTCThomas Cole(Secretary and Treasurer)inPCPieter Coulier(Founder & CTO)inTom Cole(Founder & COO)

BoardAPAlex Poulin(Director)in

Co-investorsSBSBXiTETenon VenturesLALavrock VenturesLOLockheed Martin VenturesRTRTX Ventures

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

Digital HealthStudio City, US

Co-investorsTETechstarsEAEarthrise VenturesMIMitsui & CoMUMUFGQAQatar Investment AuthoritySPSpace Capital

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-investorsVIVirta VenturesEAEarthrise VenturesMIMitsui & CoMUMUFGQAQatar Investment AuthoritySPSpace Capital+1 more

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

TMTom Mueller(Founder)inThomas Mueller(Founder)inEREric Romo(Executive Officer, Director)inMAMargaret Abernathy(Executive Officer)in

BoardMLMichael Linse(Director)inJohn William Raymond(Director)

Co-investors13137 VenturesALAlumni VenturesARArctic DigitalASAsahi Kasei Corporate Venture CapitalBABanner VCBABasecamp Fund+29 more

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

HEHaytham Elhawary(Founder & CEO)in

Co-investorsCICity LightCOConstruct CapitalCRCrosslink CapitalMAManchesterStory Group, LLCMEMenlo VenturesR/R/GA Ventures+9 more

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-investorsABAbstract VenturesCICitizenX Crypto VenturesFJFJ LabsSOSoma CapitalAUAutomotive Ventures MobilityCOConstruct Capital+3 more

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

SMSander Marques(Founder)inHaytham Elhawary(Founder)

Co-investorsAUAutomotive Ventures MobilityCOConstruct CapitalESEssentia VenturesMEMenlo VenturesABAbstract VenturesANAntler+6 more

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

AGAndrew Gemer(Executive Officer)inFMForrest Meyen(Co-Founder & CSO)inJulian Cyrus(Co-Founder & COO)inJustin Cyrus(Founder)inAGAJ Gemer(Co-Founder & CTO)in

BoardDKDaniel Kleinmann(Director)in

Co-investorsAUAurelia FoundryBEBeyond Earth VenturesENEniac VenturesGRGrant Park VenturesINIndustrious VenturesMAMana Ventures+7 more

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

Space TechChevy Chase, US

TSTyghe Speidel(Co-Founder and CTO)in

Co-investorsBLBlazar Ventures, LLCFLFlucas VenturesGAGaingelsONOne Way VenturesRRRRE VenturesSTStarbridge Venture Capital Llc+5 more

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

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

BoardPLPeter Lee(Director)inSBScott Brady(Director)inSSSam Smith-Eppsteiner(Director)in

Co-investorsAIAIX VenturesALAlumni VenturesATATEL VenturesATAtento CapitalCACadron Capital PartnersCOCongruent Ventures+19 more

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

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

Co-investors7P7percent VenturesALAlumni VenturesENEntrepreneur FirstFOFounders FundOUOutsized VenturesREredalpine

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-investorsAVAvilaCOCompoundHYHyperguapJUJuniperNENecessary VenturesVOVoLo Earth Ventures+5 more

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

Deep TechHardwareSaaSSpace Tech

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

Co-investorsALAlpine Space VenturesALAlso CapitalALAlumni VenturesANAndreessen HorowitzAUAurelia FoundryBOBoxGroup+15 more

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)Jim Cantrell(Founder)inChris Thompson(Founder)inMichael D'Angelo(Executive Officer, Director)Michal Prywata(Executive Officer)

Co-investors4D4D CapitalCACaravela CapitalCHChenel Capital PartnersGAGaingels

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

CGCurtis Gifford(Chief Financial Officer, Chief Operating Officer, & Co-Founder)inRHRichard Humphrey(Chief Executive Officer & Co-Founder)inLHLivingston Holder(Chief Technology Officer & Co-Founder)inJFJeff Feige(Founder)inLivingston L. Holder, Jr.(Founder)

Co-investorsADAdvection Growth CapitalALAlumni VenturesEVEvolution VC PartnersFIFine Structures VenturesGAGaingelsHCHCVC+11 more

Relativity Space designs, builds, and launches rockets, including Terran 1 (a 3D-printed rocket) and Terran R, a reusable medium-heavy lift launch vehicle.

Advanced ManufacturingAI & Machine LearningDeep TechDefense TechHardwareRoboticsSpace TechLos Angeles, US

TETim Ellis(CEO)inJNJordan Noone(CTO)inESEric Schmidt(CEO)inALAlex Levy(Investor)inNatalie EstrellaArleen Giger(Principal Recruiter)

Co-investorsAIAidenlair CapitalARARA NEA Ventures (Brand: Dmz.Xyz)AUAurum Venture PartnersBABaruch Future VenturesBOBold Capital PartnersCACanyon Creek Capital+63 more

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

PHPatrick Haddox(Co-founder)inVedant(Founder)in

Co-investorsELElm Street VenturesGAGaingelsGEGeneral CatalystILIllinois VenturesMAMana VenturesR7R7 Partners+6 more

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

LFLuke Fischer(Founder)in

Co-investorsBEBeyond Earth VenturesBUBuoyant Ventures Management, LlcCACapital FactoryDNDNV VenturesIRIronGate Capital AdvisorsJ2J2 Ventures+3 more

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

Deep TechHardwareSpace Tech

SZScott Ziegler(Founder)in

Co-investorsBABackswing VenturesCACAL InnovationCACalifornia Innovation FundINIndustrious VenturesUPUP PartnersCECerraCap Ventures

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

JPJane Poynter(Founder)in

Co-investorsBABase Venture Management, Inc.GAGaingelsGAGamegroove CapitalGRGreen Sands EquityINInvariantes FundMAMarketX Ventures+4 more

Burlingame, US

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

BoardROHAN PUJARA(Director)in

Co-investorsALAlpha FundsARARA NEA Ventures (Brand: Dmz.Xyz)CRCrucible CapitalFUFusionGOGoAhead VenturesHUHummingbird Ventures+7 more

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

Advanced ManufacturingDeep TechHardwareSpace TechSeattle, US

ALAndy Lapsa(Founder)inTFTom Feldman(Founder)inKHKelly Hennig(Executive Officer)inSula Bondaruk(Recruiter)Marla Nielsen(Recruiting Coordinator)Chantal Penton(Recruiter)

Co-investorsABAbbhi CapitalACAcequia Capital (AceCap)AFAF WPartnersATATEL VenturesAUAurelia FoundryBEBeyond Capital+60 more

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

JLJoe Laurienti(Founder)inNDNick Doucette(Co-Founder & Vice President, Strategic Operations)inDJDan Jablonsky(CEO)inCSChris Spagnoletti(Chief Executive Officer)in

Co-investorsALAlpha EdisonATAtento CapitalBRBrave CapitalCRCrosscourt VenturesDODolby Family VenturesECEclipse Ventures+10 more

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

ITIsaiah Taylor(Founder)in

Co-investorsALAlleyCorpALAlumni VenturesARARA NEA Ventures (Brand: Dmz.Xyz)BABalaji SrinivasanBVBVVCCOContrary+23 more

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

WBWill Bruey(Founder)inDADelian Asparouhov(Founder)inDaniel Marshall(Founder)Trae Stephens(Director)Josh Wolfe(Director)

Co-investorsALAlso CapitalCACaffeinated CapitalFOFounders FundGEGeneral CatalystKHKhosla VenturesLULux Capital+38 more

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)inColin Smith(Senior Vice President, Haven-1 Program)JMJed McCaleb(Founder)inSimon Song(Founder)

Co-investorsEAEarthrise VenturesGEGeodesic CapitalINIn-Q-TelOUOutliers FundSPSpace CapitalSTStellar

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

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

Co-investorsBRBroom VenturesBVBVVCCACapital FactoryCRCrosslink CapitalLOLontra VenturesRARazor's Edge Ventures+4 more

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

JSJonathan Segal(Founder)inTBTyler Bernstein(Founder)inJake Matthews(Founder)

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

Co-investors7P7percent VenturesAIAIN VenturesALAlumni VenturesBEBeyond Earth VenturesDCDCVC (Data Collective)EVEvolution VC Partners+21 more