The Eye in the Sky: How New Space Can Help Measure and Mitigate Changes in Climate
Cleantech spent close to a decade in the wilderness after a string of high-profile bankruptcies, but the story of technology as a tool in the fight against climate change doesn’t end here.
Spire Announces Plans to Go Public Via SPAC at $1.2B Valuation
Yesterday, two Promus Ventures portfolio companies (Rocket Lab and Spire) announced they were going public via SPAC (double the fun!). Yesterday we wrote about Rocket Lab’s $4.1B enterprise valuation announcement and today we get the privilege of trumpeting Spire and its plans to go public at a $1.2B enterpri
Rocket Lab Announces Plans to Go Public Via SPAC at $4.1B Valuation
You get one chance at life right? Might as well go big then, and hard to get much bigger than Rocket Lab. This extraordinary team has achieved a long list of accomplishments in a short period of time. Rocket puns aside (you were waiting), it has been a remarkable ride so far.
Whoop Raises $100M Series E
Promus Ventures was fortunate to invest in Whoop’s seed round back in 2013 and has been privileged to invest in every round since, including today’s $100M Series E announcement.
The Map and the Territory
A number of years ago, I read a book by French author Michel Houellebecq titled La Carte et le Territoire (EN: The Map and the Territory). The expression was first coined by Polish American scholar Alfred Korzybski encapsulating the view that an abstraction derived from something is not the thing itself.
New Space Investing Taking Off
One sector where Promus Ventures has long believed has tremendous opportunity to change the global landscape is the emerging New Space economy.
Cobalt Robotics Raises $13M Series A — Promus Ventures Backstory
San Francisco-based Cobalt Robotics recently announced its $13M Series A round led by Sequoia. Promus Ventures led Cobalt’s seed round with Bloomberg Beta in early 2016.