Seraphim Space

Seraphim Space is a specialist investment firm headquartered in London that focuses on space technology, often referred to as SpaceTech. Founded in 2016 by Mark Boggett, James Bruegger, and Rob Desborough, the firm invests across the innovation lifecycle, supporting companies from early technical and commercial development through growth financing and, in some cases, the transition to public markets. Its activities combine private venture capital, a publicly listed investment trust, and an accelerator programme for space-technology start-ups. The firm’s investment approach is built around the view that advances in launch, satellites, sensing, communications, software, and related infrastructure are creating a broad commercial space economy. Rather than concentrating only on traditional spacecraft manufacturers or launch providers, Seraphim Space invests across areas including defence and security, Earth observation, satellite communications, geospatial intelligence, orbital logistics, climate monitoring, and sustainability. This gives the firm exposure to businesses whose products may serve government, enterprise, scientific, and consumer markets. Seraphim launched its first dedicated space-technology venture fund in 2016. The fund was intended to finance companies at an early stage, including businesses moving from technical validation toward commercial deployment. Seraphim generally acts as a lead investor or strategic co-investor, providing capital alongside industry and institutional partners. In 2024, it introduced Seraphim Space Ventures II, a vehicle targeting seed and Series A opportunities and extending the firm’s early-stage investment activity. The Seraphim Space Accelerator, established in 2017, expanded the firm’s role beyond direct investment. The programme is a global accelerator for space start-ups, offering mentorship, technical guidance, investor access, and support with commercial development. It operates across three continents and has supported more than 100 companies. According to the available reference material, participating portfolio and alumni companies have collectively raised several billion dollars. Seraphim’s public-markets platform is the Seraphim Space Investment Trust plc. The trust was listed on the London Stock Exchange in 2021, providing public investors with access to a diversified portfolio of growth-stage private space-technology companies. It was seeded with holdings from earlier Seraphim private funds and invests in businesses connected with defence and security, communications, climate, and sustainability, among other areas. The trust can also make follow-on investments and pursue new opportunities as portfolio companies mature. Since its establishment, Seraphim Space has invested in more than 140 space-technology companies. The reference portfolio includes ICEYE, D-Orbit, ALL.SPACE, Voyager Technologies, LeoLabs, Pixxel, Spire Global, AST SpaceMobile, Skylo Technologies, and Xona Space Systems. Some investments, including Voyager and Astroscale, have reached public markets. Seraphim maintains a presence in the United Kingdom, Europe, and the United States. Its United States operations use the Generation Space brand and are headquartered in San Francisco. Overall, Seraphim Space positions itself as a specialist platform connecting venture capital, public-market capital, and accelerator support with the emerging commercial space sector.

Seraphim Space was established in 2016 by Mark Boggett, James Bruegger, and Rob Desborough as an investment firm dedicated to space technology. Its creation reflected the increasing commercialization of space, including the emergence of privately financed launch systems, satellite constellations, Earth-observation services, communications infrastructure, and software-enabled applications. From the beginning, the firm’s scope extended beyond conventional aerospace manufacturing to a wider group of companies using space-based assets and data for commercial, governmental, and environmental purposes. In its founding year, Seraphim launched its first venture capital fund dedicated exclusively to space-related technologies. The fund was designed to support businesses at early stages of development and to help them progress from technical validation toward commercial deployment. Seraphim’s model combines capital with strategic involvement, allowing it to operate as a lead investor or co-investor in companies developing new space infrastructure, applications, and services. The firm broadened this investment platform in 2017 with the creation of the Seraphim Space Accelerator. The programme was developed for space-technology start-ups and provides mentorship, technical advice, investor introductions, and assistance with commercial development. It has operated across three continents and, according to the available reference material, has supported more than 100 companies. The accelerator has become an important part of Seraphim’s ecosystem-building role, linking entrepreneurs with investors and helping early companies prepare for subsequent financing. Seraphim later added a public-markets channel through the Seraphim Space Investment Trust plc. The trust was listed on the London Stock Exchange in 2021. Its purpose is to give public investors exposure to a diversified set of growth-stage private space-technology companies. The trust was seeded with assets from Seraphim’s earlier private funds and has the ability to make follow-on investments and invest in new businesses. Its areas of interest include defence and security, climate and sustainability, communications, and other parts of the expanding SpaceTech economy. The firm’s portfolio has grown across a range of subsectors, including Earth observation, geospatial intelligence, satellite communications, orbital logistics, climate monitoring, and defence technology. The cited portfolio examples include ICEYE, D-Orbit, ALL.SPACE, Voyager Technologies, LeoLabs, Pixxel, Spire Global, AST SpaceMobile, Skylo Technologies, and Xona Space Systems. Some portfolio companies, including Voyager and Astroscale, have completed public listings, illustrating Seraphim’s stated focus on supporting businesses through multiple stages of development. In 2024, Seraphim introduced Seraphim Space Ventures II, targeting seed and Series A investments. The vehicle extended the firm’s early-stage strategy while maintaining its emphasis on companies progressing from technical proof points to commercial scale. By this stage, Seraphim reported investments in more than 140 space-technology companies across its funds and related platforms. Seraphim Space operates internationally, with offices and activities across the United Kingdom, Europe, and the United States. Its US activities operate under the Generation Space name from San Francisco. The firm’s overall structure therefore combines private venture funds, a listed investment trust, and an accelerator into a single specialist platform for the commercial space sector.

• 2024

  Seraphim Space Ventures II introduced

  [1]Seraphim Spaceen.wikipedia.org

  The firm launched a second venture vehicle aimed at seed and Series A space-technology investments.

• 2021

  Seraphim Space Investment Trust listed

  [1]Seraphim Spaceen.wikipedia.org

  The associated investment trust was listed on the London Stock Exchange, opening a public-market route to diversified SpaceTech exposure.

• 2017

  Seraphim Space Accelerator established

  [1]Seraphim Spaceen.wikipedia.org

  The firm established a global accelerator programme for space-technology start-ups.

• 2016

  Seraphim Space founded

  [1]Seraphim Spaceen.wikipedia.org

  Mark Boggett, James Bruegger, and Rob Desborough founded the specialist space-technology investment firm.

• 2016

  First dedicated venture fund launched

  [1]Seraphim Spaceen.wikipedia.org

  Seraphim launched its first venture capital fund focused exclusively on space-related technologies.

A specialist global investment platform for SpaceTech, spanning seed and Series A venture investment, growth-stage capital, public-market access, and accelerator support.

• Venture capital · 2016

  Seraphim Space Venture Funds

  Seraphim’s private venture funds invest in space-technology companies from early development through later commercial expansion. The funds focus on businesses whose technologies can support defence and security, Earth observation, communications, geospatial intelligence, orbital logistics, climate monitoring, and sustainability. Seraphim may participate as a lead investor or strategic co-investor and aims to help companies move from technical validation to commercial deployment.

• Venture capital · 2024

  Seraphim Space Ventures II

  Introduced in 2024, Seraphim Space Ventures II targets seed and Series A companies developing space-related technologies. It extends Seraphim’s early-stage investment strategy and is intended to support businesses as they develop technical proof points, attract additional capital, and progress toward commercial deployment.

• Listed investment trust · 2021

  Seraphim Space Investment Trust plc

  The Seraphim Space Investment Trust is a publicly listed investment vehicle providing market investors with exposure to a diversified portfolio of private and growth-stage space-technology companies. Listed on the London Stock Exchange in 2021, it was seeded with holdings from earlier Seraphim funds and invests across areas such as defence, communications, climate, and sustainability.

• Start-up accelerator · 2017

  Seraphim Space Accelerator

  The Seraphim Space Accelerator is a global programme for space-technology start-ups. It provides mentoring, technical guidance, commercial support, and access to investors. Operating across three continents, the programme has supported more than 100 companies and forms part of Seraphim’s broader ecosystem approach to developing the next generation of SpaceTech businesses.

• 2024

  Expanded early-stage investment with Seraphim Space Ventures IIStrategy

  Background

  The firm continued to target young SpaceTech companies requiring capital between initial technical development and later commercial scale.

  Action taken

  Seraphim introduced a second venture vehicle focused on seed and Series A investments.

  Aftermath

  The new vehicle expanded Seraphim’s capacity to back early-stage space-technology companies alongside its existing funds, accelerator, and listed investment trust.

  Source

• 2021

  Created a public-market access route through the investment trust listingM&A

  Background

  Seraphim sought to extend access to SpaceTech investment beyond private funds and institutional venture investors.

  Action taken

  The associated Seraphim Space Investment Trust plc was listed on the London Stock Exchange and seeded with assets from earlier private funds.

  Aftermath

  Public-market investors gained access to a diversified portfolio of growth-stage private space-technology companies.

  Source

• 2016

  Adopted a dedicated SpaceTech investment strategyStrategy

  Background

  The founders established Seraphim as a specialist investor focused exclusively on space-related technologies rather than as a generalist venture-capital firm.

  Action taken

  The firm launched a dedicated space-technology venture fund and developed a portfolio strategy spanning infrastructure, data, communications, security, and climate-related applications.

  Aftermath

  The strategy became the foundation for the firm’s subsequent accelerator, public investment trust, and later venture vehicles.

  Source

• 2022.02.03

  Reported2022.02.03

  Iceye closes $136 million Series D funding round[2]Iceye 完成 1.36 亿美元 D 轮融资satellitetoday.com

  Iceye closed a $136 million Series D funding round led by Seraphim Space, bringing its total funding raised to $304 million. The round included new strategic investors BAE Systems and Kajima Ventures.

Read more

1. 1Seraphim Spaceen.wikipedia.org
2. 2Iceye 完成 1.36 亿美元 D 轮融资satellitetoday.com