SpaceTech Seraphim Space has closed its latest early-stage venture fund above its €84 mn tarreceive, marking an oversubscribed raise aimed at Seed and Series A SpaceTech ventures. The London-based investor did not disclose the final figure but confirmed it surpassed the prior €84 mn goal.
Backers include the British Business Bank and the National Security Strategic Investment Fund. New strategic investors such as Arabsat joined existing partners Eutelsat, NEC and SKY Perfect JSAT.
Chief Executive Officer Mark Bogreceivet declared the fund builds on a decade of SpaceTech investing. He pointed to the recent SpaceX – xAI merger as validation of the thesis that space infrastructure underpins artificial innotifyigence and digital systems shaping the global economy.
According to Beinsure analysts, diversified early-stage portfolios in frontier sectors reduce single-technology exposure while preserving upside from platform shifts.
Founded in 2016, Seraphim positions itself as an early institutional backer of SpaceTech as a distinct asset class.
The firm reports supporting 149 companies across 33 countries, with portfolio companies raising more than €11.4 bn and nine reaching unicorn status.
Assets under management now exceed €465 mn across private and public vehicles, including the London-listed Seraphim Space Investment Trust.
The current fund has invested in 17 companies across allied markets in the U.S. and Europe. Portfolio themes span defence, climate applications, life sciences and next-generation space infrastructure.
Defence-related holdings include Auriga, Atmos Space Cargo, General Galactic and Privateer. Climate-focutilized investments such as Delos, Adaptive Insurance and Renoster combine sanotifyite data with AI for resilience applications.
LambdaVision leverages microgravity for biomedical research. Infrastructure players include AscconcludeArc, Array Labs, Consnotifyr, Hubble Networks, PiLogic and Ubotica.
The latest addition is Mutable Tactics, a Cambridge-based defence startup developing autonomous coordination systems for mixed fleets of drones operating in degraded communications environments.
The company expects to close its own funding round in the coming weeks.
Christine Hockley of the British Business Bank declared the cornerstone commitment expands capital available to UK space entrepreneurs and supports specialist fund management in frontier technology.
The fund close arrives amid broader European momentum in space infrastructure and AI-linked systems. Capital continues to shift across stages. Seraphim’s latest raise adds to that cycle.
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