EINSTEIN
INDUSTRIES
VENTURES

Boosting New Space in Europe

"The measure of intelligence is the ability to change." 

Albert Einstein
Theoretical physicist 1879 - 1955

Our Opportunity

We believe that the future of space is emerging in Europe. More than 250 startups in Europe are turning established business models upside down. 

No longer missions and government contracts alone but complex issues of a digital society, its environmental risks, networked platforms and IoT soon in almost all areas of life are the growth drivers in the booming new space industry.

If the established players in space still did their business with rockets, sensors and satellites, the new disruptive satellite operators and their industry peers are pushing into the solutions business downstream to the end of the value chain.

High Relevance

Space will be the key enabler of connectivity and autonomous mobility

Long-term growth

Space is at the intersection of a number of long-term megatrends including autonomous transport and the Internet of Things (IoT)

Technological Disruption

Technological advances are upending traditional business models in space. Access to space is democratizing and will soon be an off-the-shelf commodity.

Changed economy "New Space"

Artificial intelligence capabilities are creating new commercial application opportunities.

The right timing

A new digital infrastructure in space is being funded with billions in venture capital in the last 5 years and is about to launch into space to provide the capabilities that will define the new digital age in the coming decade. 

Focus on Environment, Social and Governance

 Satellite imagery provides important insights and guidance on the environmental impact of society and corporate activities. 

Valuation gap Europe

Unlike in the US, valuation multiples in Europe are on average lower. The expected catch-up effects in Europe create comparatively attractive entry conditions. 

 
 
 
 
 
 
 
 

New Space Sectors

The cost of upstream constellations (acquisition) will continue to fall. Unrefined, unintelligent geospatial data will be available, if not for free, at least at a fraction of today's prices to anyone (democratization of access to space). With processing and access (dissemination) finally refinement to intelligent data (intelligence), with insights, forecast information and the context of an industry-specific vertical application, as well as contractual business (recurring revenue), significant valuation multiples will emerge. The end of the value chain (intelligence), the last mile to the customer, will therefore determine sustainable, defensible business models in New Space. The New Space value creation of data, starting with acquisition, via dissemination to intelligence, develops its players from hardware in the upstream stages downstream to the customer, in their vertical domains.

Acquisition

New Space companies build and launch satellites with different sensors to collect different types of data from space for a variety of use cases. They disrupt existing paradigm and do so at significantly lower cost. Either such companies sell technology such as sensors or satellites or operate constellations in a Data-as-a-Service model.

Dissemination

Further downstream New Space companies additionally offer scalable and data-agnostic cloud environments and supporting tools for storing and processing satellite data to build business with Infrastructure-as-a-Service or Platform-as-a-Service.

Intelligence

Finally, at the end of the value chain, companies offer expert system and solutions that provide valuable insights and forecasts for specific customer use cases.

 
 
 
 

Why with us?

For successful investment strategies, a deep knowledge of the European space industry, European institutions is as important as the cycle of the European digital economy and relevant industry sectors.
 
Ultimately, access to smart investment capital will also determine the competitiveness of the New Space industry in Europe.
 
We, Einstein Industries Ventures, have a deep understanding 
- of the fundamental value drivers of the industry,
- the crucial technology leaps,
- private equity and venture capital
- about the co-competitive interaction of the individual players in Europe and
- the innovative business models oriented towards customer benefit


We are dedicated to create significant value - for its investors, for the industry, for society and ultimately for Europe.

 

People

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​​Focus "Downstream":

Software and information solutions, digital business models, M&A, corporate governance

 

Experience:

  • Member of the Board and Shareholder of Next.e.GO Mobile SE

  • Board Member, CDO Heidelberg, Global Head of IT, Sales, Software Services, Subscription

  • CEO of Wolters Kluwer Central Europe, Heading Regulatory Information Solutions, M&A

ulrich.hermann@einstein-iv.space

Ulrich Hermann

Managing General Partner

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Focus "Downstream":

Digital Business Models, Financial Models, Investor Relation, Start Up, Tech Innovation

Experience:

  • CEO of Axel Springer hy

  • Advisory board member at Lakestar, POLITICO, Signa Sports United among others

  • Drove Axel Springer’s digital growth as EVP with deep dealmaking expertise

 

christoph.keese@einstein-iv.space

Christoph Keese

Managing General Partner

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Focus "Upstream":

European Space, EU Institutions, Satellite Systems, Public Procurement

Experience:

  • CEO and Shareholder of OHB SE and OHB System AG

  • Former lawyer at Jones Day 

  • Vice President of the BDLI – German Aerospace Industries Association

marco.fuchs@einstein-iv.space

Marco Fuchs

General Partner

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Focus "Investments":

Venture Capital, Investment Committee

Experience:

  • Senior leadership roles at JPMorgan, Goldman Sachs and Deutsche Bank with responsibility for equity capital and derivative markets businesses

  • Global Head Equity Markets Unicredit, Member of the Executive Committee of Unicredit’s Global Financing Group, Chair of Unicredit’s Global Equity Commitments Committee

  • Member of advisory boards with start-up and scale-up companies (B2B software, healthcare, fintech)

jana.hecker@einstein-iv.space

Dr. Jana Hecker

Advisory Board

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Focus "Upstream":

Space Tech Production, New Space, Space Tech R&D, M&A, Private Equity

Experience:

  • CEO of MT Aerospace

  • Founder and Managing Partner of Apollo Capital Partners

  • Formerly held several management positions at BMW

hans.steininger@einstein-iv.space

Hans Steininger

Managing General Partner

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Focus "Investments":

Business valuation, M&A, due diligence, financing

Experience:

  • Auditor, Tax Consultant, Managing Director 

  • Known for expertise in insolvencies, restructurings and reorganizations and dealmaking

  • Member of MT Aerospace supervisory board among others

arndt.geiwitz@einstein-iv.space

Arndt Geiwitz

General Partner

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Focus "Investors":

Venture Capital, Fund Raising, Investors Relation, Investment Committee

Experience:

  • Co Founder Join Capital Venture Fund

  • Senior Founding Partner Odewald & Cie

  • many years' experience in aviation and defense, corporate finance, private equity and venture capital

august.von-joest@einstein-iv.space

August von Joest

Chairman Advisory Board

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Focus "Investors":

Venture Capital, Investors Relation,

Investment Committee

Experience:

  • Extensive experience in the global financial sector

  • Founder and Managing Partner of BVO Consult GmbH

  • Senior Advisor in investment-, M&A- and transformation processes

  • Formerly several executive positions, e.g. at Deutsche Bank Group Frankfurt, New York, London

bettina.vonoesterreich@einstein-iv.space

Bettina von Oesterreich

Advisory Board

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Focus "Upstream":

Space Industry, Space Institutions, Space Agencies, EU-Government

​Experience:

  • Director General of ESA, serving from 2003 to 2015

  • Chairman of RFA supervisory board

  • Professorships at the Ecole Polytechnique and the Ecole Nationale Supérieure des Techniques Avancées

info@einstein-iv.space

Jean-Jacques Dordain

Advisory Board

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Focus "Upstream":

Space Industry, Launchers, Space Agencies

Experience:

  • Former President of the Centre National d’Etudes Spatiales (CNES)

  • Former Chair Council of the European Space Agency (ESA) 

  • Former Chairman & CEO Arianespace

info@einstein-iv.space

Jean-Yves Le Gall

Advisory Board