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# Investment Group Seraphim Space Announces First Close of Second Early-Stage Space Tech Venture Fund

Investment group Seraphim Space has recently revealed the first close of its second early-stage space tech venture fund, known as the Seraphim Space Venture Fund II (SSV II). This fund is dedicated to backing early-stage space tech startups from seed to Series A round. While the target size of the fund has not been disclosed, it is expected to exceed the £70m secured for its first fund back in 2016.

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# Focus Areas for the Fund

The primary focus areas for the SSV II fund include exploring the utilization of AI for climate monitoring satellites, leveraging microgravity for advanced biomedical research, establishing space-based networks for on-orbit edge compute, internet, communications, and data relay. The fund has already amassed a significant amount from strategic investors like Eutelsat, JSAT, and NEC.

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# Building a Robust Startup Portfolio

Seraphim aims to create a diverse portfolio of 30 companies for SSV II, building on its current investments in pioneering ventures like ATOMS, Auriga, and Delos. These companies are at the forefront of innovation in space technology, offering solutions ranging from space cargo return services to wildfire home insurance using space data.

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# Unlocking Future Success

As space tech continues to attract increased investor interest, Seraphim remains committed to supporting groundbreaking companies that have the potential to transform science fiction into reality. With a focus on early-stage global investments, the new fund aims to bolster the growth and success of space tech startups, paving the way for them to achieve planetary-scale accomplishments.

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