Seraphim Space, a UK-based space technology venture capital firm, has closed the launch of a new fund, Seraphim Space Ventures II LP (SVII).
Seraphim Space is the world’s most active space tech investor, investing in over 120 space tech companies across 27 countries and raising over $3 billion in capital. SSV II will back 30 companies, with a priority on the following companies:
Applying artificial intelligence to satellite data to reveal near real-time insights about the world and help address the challenges posed by climate change and global security. Integrating ground- and space-based communications networks to enable “always-on” ubiquitous connectivity for both people and machines. Harnessing the unique microgravity environment of space to drive the next wave of scientific breakthroughs in areas such as biotechnology and materials science. Building space-based networks for on-orbit edge computing, internet/communications, and data relay to facilitate the development of an in-orbit economy.
Seraphim Space launched the world’s first venture fund focused on space technology in 2016 and currently also runs a leading space tech accelerator, Seraphim Space Accelerator, and the world’s first publicly listed space tech growth fund, Seraphim Space Investment Trust PLC.
Some of the VC’s notable investments to date include ICEYE, HawkEye 360, LeoLabs, D-Orbit, Spire Global, Voyager, AST SpaceMobile, and Tomorrow.io.
New backers of the fund include Eutelsat, NEC and Sky Perfect JSAT.
Through its warehouse portfolio, the fund has already made nine investments aligned with key themes including:
Hubble – IoT satellite constellation for direct connection to billions of Bluetooth-enabled devices Delos – Wildfire home insurance provider using space data ATMOS – Space cargo return service for life sciences Auriga – A new electromagnetic launch system
Mark Bogett, CEO and General Partner at Seraphim Space, commented:
“We are pleased to announce that Seraphim Space Ventures II has closed its first round of funding and are excited to continue our quest to help spacetech’s most pioneering entrepreneurs change the world for the better.”
“With a global scale and focus on early-stage investments, the new fund strengthens our ability to support space tech’s brightest stars at every step of their journey. With our investment-ready focused accelerator helping startups reach the launch pad, the new fund providing the launch ignition and our publicly listed growth fund providing the fuel to achieve escape velocity, we offer a unique offering to help companies grow fast.”
Image: NASA on Unsplash
