What is the purpose of Seraphim Space's second venture fund?

The fund's purpose is to back young space technology startups, having successfully exceeded its $100 million target.

Who are the new investors in Seraphim Space Ventures II?

New investors include Saudi satellite operator Arabsat and U.K. government-backed entities like the British Business Bank.

What are the key investment trends for Seraphim Space?

Key trends include dual-use technologies for security, in-orbit logistics, and AI-driven satellite data applications.

Home / Technology / Space Fund Exceeds $100M Goal for Startups

Space Fund Exceeds $100M Goal for Startups

26 Feb

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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.

Space Fund Exceeds $100M Goal for Startups

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.