Insider Brief:
- Seraphim Space has announced the formal launch of its most recent venture capital fund, Seraphim Space Ventures II.
- The fund has already secured initial investments from key partners, including Eutelsat.
- The fund’s investment themes include AI applications, in-orbit computing, space-enabled communications, and microgravity for science.
Seraphim Space, a UK-based space tech investment group, has announced the formal launch of its second venture capital (VC) fund, Seraphim Space Ventures II (SSV II). The fund has already secured initial investments from key partners, including Eutelsat, and aims to build a global portfolio of 30 startups focusing on early-stage space technology as reported by TechCrunch.
Since launching the world’s first SpaceTech-focused venture fund in 2016, Seraphim Space has expanded its operations to include the Seraphim Space Accelerator and the Seraphim Space Investment Trust PLC (SSIT), the world’s first listed SpaceTech growth fund.
“The space sector is experiencing remarkable growth, and with SSV II, we aim to drive innovation and support startups that can address real-world challenges,” Boggett said.
SSV II’s investment strategy aligns with the expanding interest in space technology, as highlighted by a recent report by the World Economic Forum and McKinsey projecting the space market to reach $1.8 trillion by 2035.
Seraphim Space has supported over 120 SpaceTech companies in 27 countries, raising more than $3 billion collectively. Notable investments include ICEYE, HawkEye 360, LeoLabs, and Spire Global, among others.
The new fund continues Seraphim Space’s mission of supporting visionary entrepreneurs. It will invest in Seed and Series A stages, focusing on key themes including:
Artificial Intelligence: Leveraging satellite data to combat climate change and enhance global security.
Communication Networks: Integrating terrestrial and space-based networks for ubiquitous connectivity.
Scientific Breakthroughs: Utilizing microgravity for advancements in biotech and material science.
Space-based Networks: Supporting the in-orbit economy through edge computing, internet, and data relay.
While defense isn’t highlighted as a primary investment theme, Boggett acknowledges its significance in the space tech sector.
“The commercial market holds significant opportunities as space technology expands into various industries,” Boggett noted.
SSV II’s launch comes at a critical time for the space industry, with increasing investor interest and a growing market for innovative space technologies. With its focus on supporting early-stage startups, Seraphim Space Ventures II aims to play a vital role in driving the next wave of space innovation.
Editor’s note: A previous version of this article incorrectly stated that SSV II is Seraphim Space’s second fund.
Share this article:
