Overview
- Seraphim completed fundraising for Seraphim Space Ventures II after surpassing a $100 million target, with the firm declining to disclose the final size.
- New commitments include the British Business Bank and the UK’s National Security Strategic Investment Fund alongside Arabsat, joining existing partners Eutelsat, SKY Perfect JSAT and NEC.
- The British Business Bank invested $20 million as a cornerstone commitment, according to the bank’s co-head of funds.
- The fund has already backed 17 startups across the United States and Europe since its 2024 launch, including AscendArc and Hubble Networks.
- Seraphim reports more than $550 million in assets under management, support for 149 companies across 33 countries, a shift toward AI-driven and dual-use technologies, and cites the SpaceX–xAI merger as validation of space’s role in digital infrastructure.