TLDR:
- London-based Seraphim Space announced the first close of its new venture fund, Seraphim Space Ventures II LP, with partners including Eutelsat, NEC, and SKY Perfect JSAT.
- The fund will focus on investing in visionary entrepreneurs in SpaceTech, targeting sectors like AI applications, satellite data, communications networks, and more.
UK-based Seraphim Space has completed the first stage of fundraising for its new venture fund, Seraphim Space Ventures II LP (SSV II), with investment partners including Eutelsat, NEC, and SKY Perfect JSAT. CEO and General Partner Mark Boggett expressed excitement about the fund’s potential to support SpaceTech entrepreneurs. The fund will invest in companies at the Seed and Series A stages, with a focus on themes shaping the future of the space sector such as AI applications, satellite data, and communications networks. Seraphim Space has a track record of investing in over 120 SpaceTech companies across 27 countries, raising over $3B in funding. The new Fund aims to build a portfolio of 30 companies focused on SpaceTech and has already made investments in companies like Hubble, Delos, ATMOS, and Auriga. The Fund’s strategy aligns with its predecessor and aims to support the growth of SpaceTech startups to achieve global dominance.
