Balerion Space Ventures focuses on investing in emerging companies that are building critical infrastructure for the New Space Economy, including areas like launch, in-orbit systems, advanced manufacturing, energy, and dual-use defense technologies. Their strategy involves backing mission-critical platforms with scalable economics to secure the future of defense, commerce, and human progress in space.
70% of their portfolio is in Defense & Space. Average disclosed round size is $129.8M (across 9 rounds with reported amounts).
Portfolio
10
Fund Size
—
Top Stage
Series B
Last 12 Mo
3
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
10 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Machina Labs | Series C | $124M | Feb 2026 |
 Zeno Power | Series B | $50M | May 2025 |
 X-Bow Systems Inc | Series B | $105M | May 2025 |
 Impulse Space | Series C | $150M | Oct 2024 |
 Starpath Robotics | Seed | $12M | Aug 2024 |
| X-Bow Systems Inc | Series B | $70M | Jul 2024 |
| X-Bow Systems Inc | Unknown | — | Nov 2023 |
 SkyFi | Seed | $7M | May 2023 |
| VVast | Growth | $500M | — |
| Impulse Space | Series D | $150M | — |
Top Co-Investors
Lockheed Martin Ventures4 shared
Razor's Edge3 shared
Crosslink Capital3 shared
Boeing2 shared
Founders Fund2 shared
Lux Capital2 shared
Airbus Ventures2 shared
Alumni Ventures Group2 shared
SpringTide2 shared
Tamarack Global2 shared
137 Ventures2 shared
DCVC2 shared
Elysium2 shared
Overmatch2 shared
Trousdale Ventures2 shared
Bravo Victor Venture Capital2 shared
Factory2 shared
Hanaco Ventures1 shared
Vanderbilt University1 shared
J2 ventures1 shared
Last updated: 15 April 2026