Aerospace

The Dallas-based venture firm has made 13 investments from the new fund to date, spanning the space, defense and deep tech sectors.

The larger fund size will enable the deep tech, defense and space investor to lead rounds and write bigger initial checks for portfolio companies.

By opening an office in Japan, the US VC firm plans to expand its relationships with Japanese corporates positioned to benefit from Japan's nation space agency's commitment of $6.7bn to a 10-year space fund.

The pre-seed investor and accelerator is focused on robotics, space, defense and AGI infrastructure companies.

The co-founder of a rocket-making company valued at more than $4bn has set his sights on building a $100m venture capital firm to fuel the creation of more space-related start-ups.

The fund will be led by François Chopard, who founded aerospace accelerator Starburst in 2012.

Stellar Ventures is led by Celeste Ford, who founded aerospace engineering company Stellar Solutions