Seraphim Space Raises Over $100 Million for Latest Fund, Fuelling the Future of Space Tech Innovation

The space tech industry has been steadily growing in recent years, with advancements in technology and the increasing need for space exploration and utilization. And now, with the help of Seraphim Space, a venture capital investment group solely focused on the space tech sector, this growth is set to accelerate even further.

In their latest achievement, Seraphim Space has exceeded $100 million (£74 million) at the close of their latest fund. This significant amount of funding will be used to support and invest in 17 early-stage companies that are using advanced space technology and AI to make a major impact on the global economy.

Details of the Fund:

Seraphim Space's investment fund is dedicated to supporting companies that are developing cutting-edge space technology for various applications, including defense, climate tech, life sciences, and infrastructure to support the growing space economy. With the use of low-gravity environments, these companies are revolutionizing industries and creating a positive impact on our planet.

Mark Boggett, the chief executive of Seraphim Space, expressed his excitement for the future, stating, "Ten years on from raising our first SpaceTech fund, we are still only in the early phases of tapping into the immense opportunities that Space holds to transform all our lives." This latest close of the fund will allow Seraphim Space to continue their mission of championing breakthrough innovations and shaping industries for years to come.

Investors in the fund include big names such as British Business Bank, The National Security Strategic Investment Fund, and various satellite companies like Arabsat, Eutelsat, NEC, and SKY Perfect JSAT. Christine Hockley, managing director and co-head of funds at British Business Bank, praised Seraphim Space's success and the impact of their investments, stating, "By making a cornerstone commitment to Seraphim, we are expanding the pool of capital available for the UK's space entrepreneurs and helping a specialist UK fund manager to thrive."

About Seraphim Space:

Established in 2016, Seraphim Space is headquartered in the UK and has offices in the US and Germany. They pride themselves on being the largest space tech investor in the world, with a mission to drive innovation and create long-term benefits for our planet through their investments.

Final Thoughts:

The success of Seraphim Space's latest fund is yet another indication of the immense potential and growth in the space tech industry. With their support, 17 companies are set to make a significant impact on various industries and shape the future of our planet. This exciting news is just the beginning, and we can't wait to see what other groundbreaking innovations will come from this fund in the years to come.

References:

Source: https://www.uktech.news/news/space-tech-investor-exceeds-100m-for-close-of-its-latest-fund-20211213