Seraphim is a UK company that believes in harnessing the potential of space tech by identifying and supporting startups in this field. Helping them grow from an early stage SpaceTech companies across the full life cycle, from inception to exit. Tampa, Florida The nine space entrepreneurs participating in Seraphim Space’s most recent accelerator program, which aims to help them raise money despite a bleak socioeconomic backdrop, were revealed on May 4 by the British investment firm.
According to the investor, the companies attending Seraphim’s eleventh accelerator are the most geographically diversified in the five-year history of the program. They range from a Lithuanian optical communications expert to a satellite firm aiming to provide connectivity throughout Africa.
Young entrepreneurs can improve their corporate pitches, network with mentors, and ultimately increase Seraphim’s pool of possible investors with the help of the 11-week program, which began on April 4.
Seraphim claims that so far, the program has assisted 81 businesses in obtaining more than $270 million from 80 venture funders.
Constellr, a German firm that monitors water in space, raised $10 million in November, while Array Labs raised $5 million in October for a constellation that would gather worldwide 3D pictures, both of which are recent financing wins for former accelerator members.
Through its publicly traded Seraphim Space Investment Trust and with the help of other investors, Seraphim took part in both fundraising rounds.
• Astrolight (Lithuania), which is creating optical communications technology for low Earth orbit satellites, is a participant in Seraphim’s eleventh bi-annual accelerator programme, which is being run jointly by its U.K.-based Seraphim Space Accelerator and its U.S. arm, Generation Space.
• Italian company Kurs Orbital, which develops spacecraft docking technology.
• GalaxEye (India), which is developing an image satellite with many sensors for Earth observation.
• Allocation Space (U.S.), a company that provides financial services and creates trading tools for the space sector.
• EarthEye (Singapore), which is creating a web-based market place where users can purchase geospatial data and insights.
• Amini (U.S.), a firm that intends to connect remote Internet of Things (IoT) devices through an African-focused constellation.
• Orbital Composites (U.S.), a 3D printing expert working to increase the payload capacity of satellites.
• SPACEIUM (U.S.), a developer of in-space refuelling stations
• Virtus Solis (U.S.), which is creating a commercial solar power system based in space.
Early-stage space investments fell last year as a result of investors’ growing conservatism in the face of headwinds from the economy, including high inflation, rising interest rates, supply chain issues, and other constraints.
Seraphim, however, has said that it has noticed indicators of growing investor confidence as growth money has returned to the sector.
In a press statement announcing its most recent accelerator programme, Seraphim managing partner Rob Desborough stated that “despite a turbulent macroeconomic outlook, the space sector remains resilient.”
Seraphim is attempting to develop a presence in Singapore in order to concentrate on the Asia Pacific market in addition to the United Kingdom and the United States.