On this edition of The Ex Terra Podcast, Tom Patton talks with Justus Parmar, founder of Fortuna Investments.
Parmar founded the private investment firm in 2015 to develop long-term partnerships with changemaking entrepreneurs in emerging industries.
Fortuna specializes in venture capital investments and has raised over $500 million for more than 125 companies since its founding.
Space is one of the target areas of investment for Parmar, and the company recently invested in Starfighters in Space, which owns and operates a fleet of F-104 aircraft that can launch payloads into space flying at Mach 2.
Still, Parmar is cautious about the current environment when it comes to investing in the commercial space sector. "I think we're in the thick of winter. At some point in time it's going to turn around. It'll be spring. Whether that's late next year or the following year is to be determined, but it will thaw out."
Parmar is an award-winning venture capitalist with over 15 years of public market experience. As the Founder and CEO of Fortuna Investments, he leads a team with offices in Miami, Los Angeles, and Vancouver that focuses on investing and creating the emerging technologies and industries of tomorrow. He has helped to raise more than $500 million for 125 early-stage companies and facilitated the initial public offering (IPO) of 24 companies. Several of his investment companies have reached a market capitalization of $1-billion in value.
Investing in Space During Uncertain Times