TAMPA, Fla. \u2014 Seraphim Space announced Feb. 25 it has completed fundraising for its second private early-stage venture fund, after exceeding its $100 million target to back young space technology startups.<\/p>\n
The British firm declined to disclose the fund\u2019s final size, but said new investors include Saudi satellite operator Arabsat and the U.K. government-backed British Business Bank and National Security Strategic Investment Fund.<\/p>\n
They join existing strategic partners that include Eutelsat, SKY Perfect JSAT and Japanese technology company NEC.<\/p>\n
Seraphim said its latest fund, Seraphim Space Ventures II (SSV II), has already made investments in 17 companies across the United States and Europe since launching in 2024.<\/p>\n
Investments include small geostationary satellite maker AscendArc<\/a> and Hubble Networks<\/a>, which is developing a constellation to connect Bluetooth devices.<\/p>\n Since launching its inaugural private early-stage venture fund in 2016, Seraphim has also established an accelerator program and a London Stock Exchange-listed investment trust, which gives public market investors exposure to growth-stage space technology companies.<\/p>\n According to Seraphim, it has supported 149 companies across 33 countries to date, with portfolio investments collectively raising more than 10 billion British pounds ($13.6 billion).<\/p>\n The firm now manages more than $550 million in assets under management across its private and public funds.<\/p>\n Investing in new space frontiers<\/p>\n Mark Boggett, CEO of Seraphim Space, said notable investment trends include dual-use technologies aimed at strengthening resilience and operational security, in-orbit logistics and satellite data applications leveraging artificial intelligence advances.<\/p>\n