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Investor portfolio, from our funding record
Government-owned investor. Owned by LfA Förderbank Bayern, the Bavarian state development bank. This is the list our funding rule 3 uses: a round every one of whose leads is government-owned is state capital, not a private round.
Counted rounds
4
Led
0
4 as participant
Companies
4
Disclosed round value
$45.9M
2 of 4 rounds disclosed; whole rounds, not this investor's share
First deal
2023-05-18
Reflex Aerospace
Latest deal
2026-09-02
HyImpulse
Bayern Kapital appears on 4 counted private space funding rounds in our records, into 4 companies: recorded as lead on 0 and as a participant on 4.
The earliest is Reflex Aerospace on 18 May 2023; the latest is HyImpulse on 2 September 2026.
2 of the 4 rounds disclosed a size, together $45.9M. That is the size of the rounds Bayern Kapital took part in, not the amount Bayern Kapital invested: we hold no per-investor allocations and do not estimate them.
The investor most often on the same counted rounds as Bayern Kapital is Lakestar, on 2 rounds.
Private funding rounds into space companies that name Bayern Kapital as lead or participant, newest first, each with its source. Round size is the whole round; a blank size was never disclosed and is not estimated.
| Date | Company | Stage | Role | Round size | Source |
|---|---|---|---|---|---|
| HyImpulseRecorded as Series A Extension | Series A | Participant | Not disclosed | European Spaceflight (opens the source for this round) | |
| Constellr | Series A | Participant | $44.0M | European Spaceflight (opens the source for this round) | |
| Isar AerospaceRecorded as Series C extension | Series C | Participant | Not disclosed | Isar Aerospace (press release) (opens the source for this round) | |
| Reflex AerospaceRecorded as Seed extension | Seed | Participant | $1.9M | SpaceNews (Reflex Aerospace release) (opens the source for this round) |
Rounds come from company announcements, regulatory filings and press reports. Amounts, valuations and investors are as reported and may be incomplete or later revised. Not investment advice, and not an offer or solicitation for any security. Full disclaimer
| Stage | Rounds |
|---|---|
| Seed | 1 |
| Series A | 2 |
| Series C | 1 |
| Sector | Rounds |
|---|---|
| Launch | 2 |
| Analytics | 1 |
| Manufacturing | 1 |
| Year | Rounds |
|---|---|
| 2026 | 2 |
| 2024 | 1 |
Investors named on the same counted rounds, by the number of rounds shared.
Showing the 10 most frequent of 26 co-investors. The full list is part of a SpaceNexus Research seat.
| 2023 |
| 1 |