LA-based Embedded Ventures launches inaugural fund, with focus on national security and space tech
Publishing timestamp: 2023-01-31 09:03:13
Summary
Los Angeles-based Embedded Ventures has launched a $100 million fund to invest in companies building for both commercial and national security customers, especially in the space sector. The firm has signed a cooperative agreement with the U.S. Space Force and has brought on an operating partner from Virgin Orbit. The fund has already raised a "substantial" amount and is in the process of due diligence for six new potential investments.
Sentiment: POSITIVE
Tickers: VORB,
Keywords: los angeles, technology, venture capital, space industry, business, breaking news: business, aerospace and defense industry, virgin orbit, breaking news: technology, business news, transportation, markets, the edge,
Source: https://www.cnbc.com/2023/01/31/vc-firm-embedded-ventures-fund-for-national-security-space.html