Home / Technology / Space Fund Exceeds $100M Goal for Startups
Space Fund Exceeds $100M Goal for Startups
26 Feb
Summary
- Seraphim Space completed fundraising for its second venture fund.
- The fund exceeded its $100 million target for space technology startups.
- New investors include Saudi satellite operator Arabsat and UK government entities.
Seraphim Space announced the successful completion of fundraising for its second private early-stage venture fund. The British firm exceeded its $100 million target, with new strategic partners including Saudi satellite operator Arabsat and U.K. government entities such as the British Business Bank.
The fund, Seraphim Space Ventures II (SSV II), launched in 2024 and has already invested in 17 companies across the United States and Europe. These investments span various sectors, including small satellite manufacturing and technology for connecting Bluetooth devices.
According to the firm's CEO, Mark Boggett, key investment trends involve dual-use technologies for security, in-orbit logistics, and AI-driven satellite data applications. He noted the increasing integration of space technology with AI and digital systems, citing SpaceX's merger with xAI as an example.
Boggett also highlighted a strategic shift in investments from core hardware towards software-driven, data-intensive companies, particularly those using AI with satellite data. There's also an increased focus on defense, security, and national resilience applications, reflecting the growing importance of space as critical infrastructure.
While the U.S. leads in space investment, Europe's share is growing, and Asia's activity is expanding. Seraphim continues to identify promising early-stage SpaceTech companies for future investment in areas like defense, climate, life sciences, and next-generation infrastructure.
