# NewSpace Capital

NewSpace Capital is a Private Equity based in Luxembourg, Luxembourg.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Luxembourg, Luxembourg
- **Region:** Europe
- **Address:** Luxembourg, Luxembourg
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** www.newspace.capital
- **LinkedIn:** https://www.linkedin.com/company/newspace-capital

## About

NewSpace Capital is a Luxembourg-based private equity firm dedicated to space-focused technology investments. It targets growth-equity opportunities in downstream applications and supply chain segments of the space market, investing in growth-stage deep-tech companies. The firm has a global investment outlook with main focus on Europe and the US.

## Sectors

- SpaceTech
- Communications
- Earth Observation
- ClimateTech
- Industrial Tech

## People

- Bogdan Gogulan — CEO, Managing Partner
- Felix von Schubert — Executive Chairman, Partner
- Daniel Biedermann — Partner
- Francois Dubreucq — CFO, Partner

## Questions

### Who runs investment decisions at NewSpace Capital?

Investment decisions sit with the partnership group. CEO Bogdan Gogulan and Executive Chairman Felix von Schubert co-founded the firm and lead deal execution alongside Partner Daniel Biedermann. Every investment-committee member brings an operator background from a satellite operator or aerospace manufacturer — Biedermann spent years at SES and Arianespace, CFO François Dubreucq spent 14 years in space finance, and Senior Advisor Padraig McCarthy was CFO of SES.

### How does NewSpace Capital source proprietary deal flow?

The firm’s deal flow relies on an advisory board with deep institutional access. Board members include a former Director General of the European Space Agency, a former head of NASA Ames, and the former head of the FAA’s commercial space office. The firm also draws on the commercial networks of its SES alumni, who maintain relationships with satellite operators, component manufacturers, and government procurement offices globally.

### Does NewSpace Capital invest in launch or rocket companies?

No. The firm explicitly avoids launch-vehicle and propulsion startups. Its mandate is confined to the supply chain and downstream applications — the so-called picks-and-shovels of the space economy. Every portfolio company must have existing revenue and customer contracts at the time of investment.

### What is the relationship between NewSpace Capital and G42?

In 2025, Jon Nieman — G42’s Senior Vice President and Head of Investments — joined the firm’s board as a non-executive member. The relationship creates a direct connection to the Abu Dhabi technology ecosystem, though the two entities remain separate firms.

### Which sectors does NewSpace Capital explicitly avoid?

The firm publicly states it avoids pre-revenue companies and does not back launch-vehicle or propulsion ventures. It also does not invest directly in government-owned space programs.

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Last updated: 2026-08-11T15:07:34.613Z

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