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Former senior SpaceX govt Tom Ochinero is teaming up with SpaceX alum-turned-VC Achal Upadhyaya and considered one of Sequoia’s prime finance leaders, Spencer Hemphill, on a brand new enterprise known as Interlagos Capital, TechCrunch has realized.
There may be little public info obtainable about Interlagos, and the trio didn’t reply to TechCrunch’s request for remark. The corporate was formally included within the state of Delaware on March 7, and it was registered as an out-of-state firm with California solely days in the past, on April 11. Ochinero, Upadhyaya and Hemphill are all listed on the paperwork. The principal deal with is in El Segundo, California.
A trademark utility for “Interlagos” was filed with the U.S. Patent and Trademark Workplace on April 4. That utility lists an deal with equivalent to the one discovered on the corporate’s enterprise registration. The applying states that the corporate will deal in “enterprise capital providers; enterprise capital funding providers, particularly, offering financing to rising and start-up corporations.”
Ochinero departed from SpaceX in February after a virtually 10-year stint on the firm, the place he finally turned senior vice chairman of business enterprise. In that position, he helped SpaceX develop into the undisputed international lead in business launch. Folks conversant in the matter informed CNBC on the time that Ochinero was resigning “to take care of a household medical matter.”
With Interlagos, he’s teaming up with one other SpaceX alum — Upadhyaya — who spent a decade in engineering roles at SpaceX earlier than becoming a member of funding agency Cantos as a enterprise associate in 2022. He left someday this yr, based on his LinkedIn. At Cantos, Upadhyaya’s bets included satellite tv for pc bus producer Apex Area and movement management system developer Salient Movement, each startups headed by ex-SpaceX founders.
Spencer Hemphill, a finance govt, is rounding out the group. He’s coming from Sequoia, the place he additionally spent 10 years. He departed someday this yr, leaving the agency as assistant controller.
Ochinero is simply the most recent SpaceX govt to maneuver from the behemoth area firm into enterprise investing. Folks leaving SpaceX to discovered different corporations or spend money on them is fashionable sufficient that there’s an internet site devoted to connecting the 2 teams. Different notable buyers within the SpaceX-to-VC pipeline embody Founders Fund’s Scott Nolan, who was a really early SpaceX worker, and Alpine Area Ventures’ Bulent Altan.
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