Investment Insight with David Levine
Compelling opportunities emerging in Space have investors flocking to the sector. In just the last twelve months, private investment in the industry has grown significantly by 55%. We questioned David Levine, Principle at Manchester Angels and one of our Investment Experts, on what excites him about the Space sector. Read on to find out why now is the time for investors to enter Space.
David Levine presenting at the Fusion Connect with Capital Boot Camp.
What excites you most about the UK Space sector?
Space technology is a $1tn+ industry but has a huge halo effect. Many more companies and technologies will come to the sector as a direct result of investment in space technology. We’ve seen this countless times in our history where new inventions and technologies have been designed to fix very specific space problems, but that science has later been applied well outside its original objective. This has happened in every industry from defence to insurance to data. Therefore, Space science will revolutionise old companies.
In your expert opinion, why do you think now is the time to invest in the Space sector?
Launching a spacecraft is 10x cheaper today than it was ten years ago. Private industry is revolutionising the sector and showing how space is no longer the purview of government but can be commercially viable (and massively lucrative) for the private sector.
You have helped multiple tech companies secure early-stage funding. What do you think makes the companies in the Fusion Connect with Capital cohort particularly exciting?
There are a lot of brilliant brains trying to solve “pick and shovel” problems. These are core, building-block technologies that will be used by either space tech, or related industry companies over time.
How can investors understand the technology emerging from the Space sector?
They can get a better understanding by investing time and effort in engaging with companies in the sector and entities like the UK Space Agency.
Meet David
David Levine is the Principle at Manchester Angels, a technology investment angel network in partnership with leading global tech advisory GP Bullhound and commercial property specialist Bruntwood. He also runs Glenluna Ventures, a tech advisory business that raises money for early-stage startups and scaleups.
Get confident investing in Space
Fusion Connect with Capital is an investment completion programme with a mission to draw back the curtain on Space and introduce a new wave of investors into the sector. Join David and our other Investment Experts at our monthly Investor Lounges: How to Invest in Space. During these live events, our industry experts will give you invaluable insights on the Space economy to upskill you in investing in the sector. Secure your place using the button below.