TLDR:
Key Points:
- Eutelsat has invested in a new space-based venture fund managed by Seraphim Space Ventures, joining Japan’s SkyPerfect JSAT and Japanese telco NEC in the new fund.
- The fund, Seraphim SSV II, focuses on Seed and Series A-stage companies and aims to build a portfolio of around 30 companies, investing in themes like AI for satellite-generated data and global security.
In a recent move, Eutelsat has invested in a new space-based venture fund managed by Seraphim Space Ventures, joining forces with Japan’s SkyPerfect JSAT and Japanese telco NEC in the creation of the Seraphim SSV II fund. The fund is focused on investing in Seed and Series A-stage companies, with a goal of building a portfolio of approximately 30 companies. Some of the companies that have already been invested in include Hubble, Delos, Atmos, and Auriga, each working on innovative space technologies.
The themes for the new fund include AI for processing satellite-generated data related to climate change studies and global security. Seraphim Space Chief Investment Officer James Bruegger highlighted the increasing interest in space tech investments and the potential for reshaping industries globally. Sky Perfect JSAT CEO Eiichi Yonekura emphasized the importance of collaborating with space startups to create new value in the space industry, while NEC’s Etsuko Hirose expressed a commitment to expanding their space business through collaborations with Seraphim Space portfolio companies.
Seraphim’s existing investments in companies like AST SpaceMobile, Array Labs, and ICEYE reflect the increasing significance of the SpaceTech sector in driving positive changes globally. The fund’s focus on supporting innovative space technologies and collaborations with industry leaders underlines a strong commitment to advancing the space industry and shaping the future of space tech.
