Seraphim Space, a venture capital firm dedicated exclusively to the space technology sector, has successfully closed its latest early-stage fund, surpassing $100 million (£74 million).
Since its inception, the fund has supported 17 companies focused on leveraging advanced space technologies and artificial intelligence to drive innovation across multiple industries. Key applications include defence, climate tech, life sciences - where low-gravity environments are used for pharmaceutical development - and infrastructure to support the expanding space economy.
“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,” said Seraphim Space CEO Mark Boggett.
“This latest close empowers us to continue championing breakthrough innovations that will shape industries and deliver meaningful, long-term benefits for our planet over the coming decade and beyond.”
Investors in the fund include the British Business Bank, The National Security Strategic Investment Fund, Arabsat, Eutelsat, NEC, and SKY Perfect JSAT.
Christine Hockley, managing director and co-head of funds at British Business Bank, praised the partnership: “Seraphim has successfully carved out a niche in a rapidly advancing area of frontier technology. Our cornerstone commitment helps expand capital availability for the UK’s space entrepreneurs and supports a specialist UK fund manager to thrive.”
Founded in 2016 and headquartered in the UK with offices in the US and Germany, Seraphim Space positions itself as the world’s largest investor in space technology, continuing to fuel the growth of startups at the forefront of AI-driven space innovation.
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