Starburst, Singapore’s Leonie Hill launch $200m aerospace fund

Aerospace innovation catalyst Starburst Accelerator and Singapore-based fund manager Leonie Hill Capital have teamed up to launch the first global venture fund dedicated to aviation startups.

With a corpus of $200 million, Starburst Venture will invest in early and growth stage, deep tech startups globally in this field within three years.

It expects to launch operations and start investing as early as the first quarter of 2017, says a joint statement on November 29.

Three general partners have been selected to manage the fund including Francois Chopard, founder of Starburst Accelerator, and Leonie Hill Capital.

The investment team will be mainly based in San Francisco but Starburst Venture will leverage Starburst Accelerator’s four existing operations, located in Los Angeles, Paris, Munich and Singapore, which have already demonstrated a consistent deal flow for the first round of investment. The Singapore-based operation has just been set up this year.

The accelerator is supported by over 30 aerospace corporate partners around the world, and has incubated more than 100 startups in new space, future aviation including flying car and supersonic jets, passenger experience, connectivity, cabin, more electric aircraft, drone technology, simulation, artificial intelligence and additive manufacturing, sensors, nano tech, new materials, data analytics and cyber security.

“This funding is indicative of the underlying strength of Starburst Accelerator, a well-managed and operationally strong company that has already achieved a great deal and is now well positioned to enable startups future growth to the Aerospace industry,” said Arun Kant, CEO of Leonie Hill Capital.

He believes the first-of-its-kind structure of Starburst Accelerator will form a new trend of venture funding.

“As we move into this next phase of expansion, we look forward to continuing to work with our highly valued portfolio of companies and industry leaders to usher in the next generation of aerospace,” said Chopard.

Future invested companies by Starburst Venture will get support in recruitment and talent management, building strategic relationships, as well as expertise in operations, marketing and communications. They will also benefit from the Starburst partners including Thales, Panasonic Avionics, Boeing, Raytheon, Northrop Gruman, Safran, GE Aviation, Eutelsat, Paris Airport, Air France KLM, added Chopard.

Also read:

Paris-based aerospace startup accelerator Starburst to establish Singapore editon

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.