Earth & Beyond launches fund to invest in Israeli space-related firms

JERUSALEM (Reuters) – Earth & Beyond Ventures, a new early-stage venture fund investing in Israel’s emerging commercial space ecosystem, said on Thursday it had launched with commitments of $125 million.

Earth & Beyond said it was backed by manufacturer and NASA supplier Corning Inc, Japanese electronics giant Kyocera Corp, Israeli satellite firm SpaceCom and Samtec, a manufacturer of electronic connectivity components.

The Israel Innovation Authority is also an investor, it said.

Earth & Beyond said it would invest between $500,000 to $2 million for seed and pre-seed companies in technologies such as semiconductors, robotics, new materials, sensors, smart farms, quantum computing, solar power, cyber security, and alternative proteins.

“Our job … is to identify and support the deep technologies and ideas that can become powerful applications not just here on earth, but in space as well,” said Earth & Beyond CEO Baruch Schori.

(Reporting by Steven Scheer; Editing by Ari Rabinovitch)

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