Windsor Capital has completed a $50 million strategic investment in Space Labs, acquiring a 4.9% minority stake in the Slovenian technology company at an implied post-money valuation of approximately $1.02 billion.
The transaction follows a process spanning more than two years that included contractual milestones and financial, technical and legal due diligence.
Space Labs plans to use the $50 million in primary capital to expand internationally and accelerate development of its technology infrastructure and real-world applications.
The company develops proprietary protocols, blockchain infrastructure, smart contracts and digital economic systems.
A central part of the platform is RWD Protocol, or Real World Digitalization Protocol.
Space Labs said RWD is designed to connect real-world projects and businesses with capital and global communities through blockchain, smart contracts and digital processes.
As an initial commercial partnership, Space Labs and Windsor Capital are developing a vehicle distribution channel through Windsor’s international automotive and industrial network.
The companies expect distribution to be introduced in phases across multiple international markets.
KEY QUOTES:
“This partnership is about much more than capital. The $50 million investment gives Space Labs financial strength, while Windsor brings global relationships and real-world opportunities into the technology infrastructure we have built.”
Igor Šinkovec, Founder and CEO of Space Labs
“Space Labs has built technology addressing a global opportunity. Combined with Windsor’s international network, we believe this partnership can create something significantly larger than either side could build independently.”
John M. Probandt, Chairman, Founder and CEO of Windsor Capital
