London-based SpaceTech investor Seraphim Space has announced the latest close of its early-stage venture fund, exceeding its original €84 million ($100 million) target.
The fund, focused on Seed and Series A companies, attracted backing from institutional investors including the British Business Bank and the National Security Strategic Investment Fund. New strategic corporate investors such as Arabsat joined existing partners including Eutelsat, NEC, and SKY Perfect JSAT.
Scaling Early-Stage SpaceTech Investment
Founded in 2016, Seraphim Space was among the first firms to establish SpaceTech as a dedicated venture capital category. It launched both private and public investment vehicles focused exclusively on the space sector.
Since inception, the firm has supported 149 companies across 33 countries. Portfolio companies have collectively raised more than €11.4 billion in follow-on capital, with nine reaching unicorn status.
Seraphim operates a broader ecosystem that includes accelerators, venture funds, and the London Stock Exchange-listed Seraphim Space Investment Trust. Across its private and public strategies, the firm manages more than €465 million in assets.
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SpaceTech And AI Convergence
The new fund has already invested in 17 companies across allied nations in Europe and the United States. Many of these startups combine space-based technologies with artificial intelligence to address large-scale global markets.
Its most recent investment is Mutable Tactics, a Cambridge-based defence-focused deeptech company. Mutable Tactics develops autonomous coordination systems that enable unmanned aerial, maritime, and ground vehicles to operate collaboratively, even in environments with disrupted or unreliable communications.
The company’s technology allows fleets of drones to function as coordinated units rather than isolated platforms, strengthening operational resilience in contested settings.
Institutional Confidence In UK Space Innovation
Mark Boggett, CEO of Seraphim Space, noted that the space sector remains in an early stage of development, with growing intersections between SpaceTech, AI, and digital infrastructure. He highlighted the increasing role of space-based systems as foundational infrastructure for the global economy.
Christine Hockley, Managing Director and Co-Head of Funds at the British Business Bank, emphasized the long-term nature of the institution’s support. She noted that cornerstone commitments to specialist fund managers like Seraphim help expand access to capital for UK space entrepreneurs.
About Seraphim Space
Seraphim Space is a specialist venture capital firm focused on SpaceTech investments worldwide. Through a combination of private funds, public vehicles, and accelerator programs, the firm supports early- and growth-stage companies developing space-enabled technologies across defence, communications, earth observation, and AI-driven applications.
