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

Kyocera

09/02/2023 12:18

JERUSALEM, Feb 9 (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  GLW.N , Japanese electronics giant Kyocera
Corp  6971.T , Israeli satellite firm SpaceCom  SCC.TA  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)
 ((steven.scheer@thomsonreuters.com; +972 2 632 2210; Reuters
Messaging: steven.scheer.thomsonreuters.com@reuters.net;
Twitter: @StevenMScheer))