Seraphim Space (latest fund)

Investor: British Business Bank

Seraphim Space, a prominent venture capital investment group dedicated to the space technology industry, has successfully completed the close of its latest early-stage fund, exceeding $100m (£74m) in total commitments.Summary of transaction details:Value: £74,000,000Sector: Space TechnologyAdvisor: Not applicableKey Entities: Seraphim Space (latest fund) as the recipient of capital, with key investors including British Business Bank, The National Security Strategic Investment Fund, Arabsat, Eutelsat, NEC, and SKY Perfect JSAT.Location: UK (Seraphim Space is UK-headquartered)Note: This significant fund close empowers Seraphim Space to bolster its investment activities in breakthrough innovations across the space technology sector. The capital will support companies developing advanced space tech combined with AI, addressing critical areas such as defence, climate solutions, life sciences (including pharmaceuticals produced in low-gravity environments), and foundational infrastructure for the expanding space economy, aiming to deliver long-term benefits globally.