Playground, Seraphim and Root VC discuss funding trends at TC Sessions: Space

It’s no secret that venture capital spending in 2022 didn’t take a page from the rampant funding of 2021. This year, the more measured approach had a chilling effect — especially on space-related startups.

In the third quarter alone, investments in 79 space companies reached $3.4 billion — down 44% from Q3 2021. Still, some forecasters report that while investment in space continues to decline, some sectors are more resilient than others.

That’s why we’re excited about it Jory Bell, General Partner at Playground Global; Mark Boget, CEO and Managing Partner at Seraphim Capital; and Emily Henriksondirector of Root Venture, will join us on stage for a panel discussion at TC sessions: space on December 6 in Los Angeles.

In a session called “Backing the Big Bets in Uncertain Times,” these panelists will discuss the current thinking and priorities of investors who have previously backed space startups. We are curious to see whether sectors – such as remote sensing, which provide critical information to both governments and businesses in increasingly uncertain times – can be better insulated from macroeconomic trends such as high interest rates and inflation.

And if we’re in for a prolonged economic downturn, what should private space equity startups expect in 2023? We have questions and these people should provide valuable information during an engaging discussion.

Jory Bell source of some of Playground Global’s earliest investments, including Nervana Systems (acquired by Intel). His first three investments in the firm are now unicorns, and one, Velo3D, went public last year.

Bell leads the firm’s investment efforts in deep technology areas, including advanced manufacturing, aerospace, computational therapy, energy, genomics, materials, next-generation computing, quantum and synthetic biology. His investment portfolio includes Mangata Networks, Relativity Space and Strand Therapeutics to name a few.

Mark Boget, a pioneer in space technology investment, co-founded the Seraphim Space Fund and invests in a portfolio that includes three companies that have achieved billion-dollar valuations. Boggett was previously a director at YFM Equity Partners, the firm behind high-profile UK small caps VCT 1 and 2.

Boget also worked at Brewin Dolphin and Williams de Broë. He graduated with a BA in Accounting and Finance and obtained an MA in Economics and Finance from the University of Leeds.

Emily Henrikson is a principal at Root Ventures, a firm focused on investing in three areas: tools and infrastructure, low-cost robotics, and hardware and data science. Prior to joining Root, she worked as a propulsion engineer and designed flight hardware for the SpaceX Falcon and oversaw vehicle construction for schedule-critical missions.

Henriksson also worked on the Model 3 battery module team at Tesla. She holds an MSc and BS in mechanical engineering from Stanford and an MBA from Harvard Business School.

TC sessions: space takes place on December 6 in Los Angeles. Buy your pass todayjoin us to learn about the latest trends in space investing, see cutting-edge technology, and network for opportunities to help you build a better, stronger startup.

Is your company interested in sponsoring or exhibiting at TC Sessions: Space? Contact our sponsorship sales team via filling out this form.

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