A Chicago venture firm has raised a new fund to invest in space startups.

Promus Ventures announced it has raised $140 million for its new fund called Orbital Ventures, which will invest in early-stage space and geospatial companies around the world. Promus, which is known for investing in deep-tech and other moonshot startups, has made several space investments to date, including publicly traded Rocket Lab and Spire Global, along with satellite maker ICEYE.

Orbital Ventures is Promus’ fifth…

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