Seraphim Space Launches Second VC Fund Focused on Space Tech Startups

Seraphim Space, a UK-based space tech investment group, has officially announced the launch of its second VC fund, SSV II.

The fund aims to support 30 startups globally at the seed and Series A stages. While the exact percentage reached and the fund's targeted size were not disclosed, CEO Mark Boggett indicated that it is expected to surpass the £70 million VC fund from 2017.

In its press release, the company stated:

With the space sector now entering the next phase of its transformation, the Fund will focus on investing at Seed and Series A stages in the next generation of visionary entrepreneurs looking to transform science fiction into science fact. Key themes the Fund anticipates investing in include:

• the application of artificial intelligence to the treasure trove of satellite data to unlock near real time insights about the world to help combat challenges posed by climate change and global security

• the merging of terrestrial and space-based communications networks to enable ‘always on’ ubiquitous connectivity for both people and machines

• utilising the unique microgravity environment of space to drive the next wave of scientific breakthrough in areas such as biotech and material science

• the creation of space-based networks for on-orbit edge compute, internet/  communications and data relay to power the developing in-orbit economy

The fund is aiming to invest in 30 companies, with 9 investments already made.