Spire Starts Trading on NYSE
Congratulations to Spire co-founders Peter Platzer, Jeroen Cappaert, Joel Spark and the entire Spire team on their first day of trading as a public company today (NYSE: SPIR). Founded in 2012, the Company was an early innovator of today’s new batch of cubesats to provide the world with space-based data and analytics. The team has since worked tirelessly to build what is widely considered today as one of the leading companies in the space industry. All of us at Promus Ventures are excited for the team and continue to be optimistic about their future growth.
We previously wrote about Spire’s announced $1.2B merger with special purpose acquisition company NavSight Holdings. We also covered our first Series A investment in 2014 and leading the Company’s Series B round and joining the Board in 2015. It has been a privilege to walk for so many years (and in so many countries) with a team devoted to its grand vision and mission. As we have stated many times previously, space is truly a global industry and Spire’s team is spread out across the world to cover its wide list of sovereign and corporate customers.
We look forward to Spire’s new chapter as a public company and watching the team continue to build the Company and innovate well into the future!
In addition to Spire, Promus Ventures’ other announced space and geospatial investments include Rocket Lab, ICEYE, Mapbox, Aurora Insights, Isotropic Systems, Enview, Ellipsis Drive, and others. From our offices in Chicago, San Francisco and Luxembourg, we focus on early-stage deep tech startups solving complex problems to advance everyday lives across the world. Since 2012, Promus Ventures has invested in 90+ portfolio investments across the US, EU, UK, Australia and New Zealand.
Recipients of this post are not to construe it as investment, legal, or tax advice, and it is not intended to provide the basis for any evaluation of an investment in any fund. Prospective investors should consult with their own legal, investment, tax, accounting, and other advisors to determine the potential benefits, burdens, and risks associated with making an investment in any fund.
Promus Ventures is a trademark of Promus Holdings, LLC. Used under license.
Copyright 2021 Promus Ventures, all rights reserved.