THROUGH INVESTING IN CUTTING EDGE SPACE TECHNOLOGIES, WE INVEST IN THE FUTURE OF SOCIETY.

The space industry is undergoing a revolution, rapidly accelerating to new, previously unseen altitudes.
HERIUS

We are a thematic private equity fund bolstering the Central and Eastern European space ecosystem by investing in pioneers creating true societal and commercial value to benefit humanity in the short- to mid-term.

„Through conscious systems architecting, we will make the CEE space technology ecosystem more robust and a cornerstone of the global space industry.”

Our long-term aim is to unlock the growth potential of the CEE space sector by increasing the robustness and resilience of this region. Herius’ investment strategy plays a key role in helping the emergence of a new generation of successful space engineers, scientists, and entrepreneurs in the CEE region and globally.

„Global mandate with a special focus on Central-Eastern Europe.”

Herius was established to become the first Central- Eastern European specialist investor in cutting-edge space technologies. We invest globally but also have a unique focus on the CEE region because of its rich heritage in science and engineering, unique strengths in innovation and unparalleled potential for growth in Europe. Through the regions’ strong network, we are building a state-of-the-art pipeline that is often difficult for others to understand and penetrate, allowing Herius to generate alpha for investors.

Our mission

“Through investing in cutting-edge space and aerospace technologies, we invest in the future of society.”

We are a fund that seeks out investment opportunities with true societal and commercial value, proven through scientific, engineering, and commercial results, that will benefit society in the short- to mid-term. We invest in companies across key value chains of the entire space eco-system to contribute to the development of society. Our further aim is to fill the void currently present in the investment domain in the burgeoning space sector of the Central and Eastern European region, as well as Europe as a whole.

“Through conscious systems architecting, we will make the CEE space technology ecosystem more robust and a cornerstone of the global space industry.”

Our long-term aim is to unlock the growth potential of the CEE space sector, and through the increasing robustness and resilience of this region, drive the growth of global space market. Herius’ investment strategy plays a key role in helping the emergence of a new generation of successful space engineers, scientists, and entrepreneurs in the CEE region and globally.

Why herius

Investing in SpaceTech

Today, the space industry is undergoing a revolution, rapidly accelerating to new, previously unseen altitudes. The entry conditions have changed, and at the dawn of a new era with greater private investments and more emerging nations joining, new entrants are presented with a unique, potentially one-off breakout opportunity. Launch and manufacturing costs have decreased dramatically, due to a series of new technological innovations driven by commercial stakeholders, making it easier for new entrants to disrupt the industry and become successful.  

The shift in space economics

01
Technological advances are overturning traditional models for operating in space as low-cost access to space becomes a reality with innovations such as reusable rockets. The cost of building and launching a satellite has dropped more than a hundredfold since 2010.

Sizable Impact

02
Space technology plays a unique role in tackling the world’s most pressing problems. Space technology will enable connectivity and autonomous mobility while addressing the crises facing climate, sustainability and population growth.

Long-term growth

03
Space is at the nexus of several long-term megatrends, including autonomous transport, smart cities, climate change mitigation, Internet of Things (“IoT”), 3D printing, and the proliferation of Artificial Intelligence.
450
Size of space
sector in 2020
1
Expected size of the
space sector in 2040
185
Capital invested
since 2010
12
Size of space-enabled
economic activity

CEE Space Ecosystem

Herius is the first thematic private equity fund focusing on the Central and Eastern European spaceecosystem, while as targeting Europe as a whole. „Global mandate with a special focus on Central- Eastern Europe.”

Herius was established to become the first Central-Eastern European specialist investor in cutting-edge space technologies. We invest globally but also have a unique focus on the CEE region, a region with a rich heritage in science and engineering, unique strengths in innovation and an unparalleled potential for growth in Europe. Through a strong network in the region, we are building a state-of-the-art pipeline that others often find difficult to understand and penetrate, which will allow Herius to generate alpha for our investors.

VALUE proposition

Investing in the exponentially growing and attractive space sector, using a unique data-driven approach, focusing on investments that can deliver strong viability and benefits to society.
Focus on the CEE region and emerging space markets that are full of potential and deeply relevant to aerospace technology, but beyond the reach of traditional investors.
Flexible investment strategy and capital to support companies in different stages of development. Strong expected returns from a balanced portfolio of higher risk, early stage companies as well as stable and mature companies.
Experienced investment team that previously worked together at leading Hungarian investment management companies.
Deep network of investors, entrepreneurs and technical experts working in cutting edge areas of the industry , leveraging the fund’s geographical, financial, and technological context in a region that serves as a hub and bridge between Western and Eastern markets.
Our ultimate goal is to ignite diversity and thought out environmental sustainability within the region through our investments. We believe that sustainable values and strategy mandates can contribute to a company’s long-term financial performance and can provide better risk-adjusted returns to investors.

Herius’ investment objective is to generate capital growth over the long term through strengthening the space ecosystem in the CEE region and globally to create a self-sustaining and self-reinforcing market driving continuous growth through positive feedback loops.

We take pride in following a holistic and data-driven investment strategy where our decisions are underpinned by thorough technical analysis and a deep understanding of the space industry, not only in its full technical complexity, but also in its unique interactions with other industries and macro trends.

Our team

Herius Capital has a proven and dedicated team of investments professionals and industry experts operating in the space market that previously worked together at leading Hungarian investment management companies. The Team also has many years of experience in supporting portfolio companies and has an extensive network of M&A advisors.

Dr. István Sárhegyi

Founder
Istvan, an astropreneur, space angel and lawyer, founder of Herius Capital whose mission is to boost the ecosystem of the space industry in the CEE region. He set up a JV to launch and operate Hungary’s first geostationary satellite for commercial, governmental, and scientific research and will start to operate from 2024. István also invested in various companies in the aerospace domain and related industries over the years. He is the co-owner of Remred Ltd. one of the leading space technology companies in Hungary, focusing on the manufacturing and testing of space equipments. Remred is working together with the world’s leading space agencies, such as ESA, NASA and Roscosmos. Apart from purely business endeavors Istvan is committed to CSR activities as well, he is the co-founder and curator of SpaceBuzz, a non-profit organization, aiming to make space education accessible to elementary school students.

Dr. Kornél Szabó

CEO

Andrea Novák

CFO/COO
Andrea has more than 12 years of finance and private equity experience. Prior to Herius, Andrea served as the Head of Fund Administration, at Oriens Investment Management, a middle-market private equity firm investing in the Czech Republic, Hungary, and Slovakia with $150 million of AUM. Andrea also worked at BlackRock, the word’s leading asset manager. She started her career at the Budapest Stock Exchange where she spent 7 years and most recently was the Deputy Financial Director.

Sebastian Misurak

Investment Manager
Sebastian is an innovation enthusiast with more than 3 years of experience in the venture capital industry. Before joining Herius, Sebastian earned a MSc degree in Knowledge-based Entrepeneruship from the University of Gothenburg, and also worked as a business developer in the energy industry. Sebastian wrote his MSc thesis on Silicon Valley’s venture capital industry, and has wide-ranging working experience along the VC value chain.

Kaja Hopej

Advisor
Kaja is a space lawyer and act as an Advisor for Herius Capital on the Polish Space Sector. In Poland, Kaja is associated with the Task Force on Polish Space Law operating within the Space Studies Center at Kozminski University, under the leadership of professor Katarzyna Malinowska. Kaja completed an internship at the Polish Space Agency. She also worked, among others, in Greenberg Traurig Poland dealing with capital markets. She graduated in law from the University of Economics in Kraków and in international business from EDHEC Business School in Nice, France. She is currently writing her PhD in cooperation with the Ferenc Madl Institute of Comparative Law in Budapest.

Marcell Sitányi

Investment Director
Marcell has more than 8 years of finance and private equity experience. Prior to Herius, Marcell served as Senior Investment Manager at HiVentures, a leading Hungarian VC with $520 million of AUM. At HiVentures, he led 10 investments in various sectors, deploying nearly $20 million and was a board member of 9 companies. Marcell started his career at the Budapest Stock Exchange and also worked in London as a financial analyst.

Experts in
working
together

We are specialists in space technology investment all across the globe. Let’s develop and work together for a better future!

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Started with the Wright brothers,
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