Balerion closes oversubscribed $200M Fund II
37 FOMOOn 8 October 2026 Balerion Space Ventures announced it had oversubscribed its $200 million Fund II. The vehicle has already deployed into 15 companies spanning space systems, national security, advanced energy, autonomy and capital infrastructure, naming Valar Atomics, Vast Space, Commonwealth Fusion Systems, Relativity Space and Erebor among them. Prior portfolio includes SpaceX, Anduril, Impulse Space and Armada AI. Former NASA Chief Technologist A.C. Charania joined as Managing Director for global operations. Legal counsel was Latham & Watkins.
Why it matters
Positions Balerion among the larger dedicated space/defence VCs and signals sustained institutional appetite for capital-intensive dual-use infrastructure.
The numbers
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Payload ·
Balerion Surpasses $200M Goal for Fund IIPayload reported that Balerion’s Fund II exceeded its $200 million target and remains open; the firm had reached roughly $90 million by May and attributed subsequent momentum to portfolio milestones and up-rounds. Capital is being reserved for follow-ons in capital-intensive businesses.
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Venture Capital Access Online ·
Balerion Space Ventures Oversubscribes $200M Fund IIDallas-based Balerion Space Ventures oversubscribed its $200 million Fund II focused on space, defence and deep-tech infrastructure. The fund has already invested in 15 companies including Vast Space, Commonwealth Fusion Systems, Relativity Space, Valar Atomics and Erebor; A.C. Charania was appointed Managing Director.
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On 8 October 2026 Balerion Space Ventures announced it had oversubscribed its $200 million Fund II.