Tag: Seraphim Space Fund

Seraphim Investors in D-Orbit SPAC Announcement

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LONDON (Seraphim Space Investment Trust PR) — Seraphim Space Investment Trust plc (LSE: SSIT), the world’s first listed fund focused on Space Tech, is announcing today that its portfolio company D-Orbit S.p.A. (“D-Orbit”), an Italy-based and market leading space logistics and transportation company will, subject to a number of outstanding conditions, become publicly listed through a business combination with Breeze Holdings Acquisition Corp. (NASDAQ: BREZ), a publicly traded special purpose acquisition company (the “Proposed Transaction”).

Following the close of the Proposed Transaction, which is expected to occur in the second or third quarter of 2022, the combined entity would be listed on Nasdaq Capital Market under the ticker symbol “DOBT” and would imply a post money Enterprise Value of approximately $1.28 billion.

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Leanspace Emerges From Stealth to Digitalize the Space Industry via the Cloud

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STRASBOURG, France (Leanspace PR) — Leanspace, the company building the future digital infrastructure of the space industry, today announced its launch out of stealth mode with several major customers. A Seraphim Space backed start-up, it has already raised over 2 million Euro in seed funding from institutional and angel investors.

Its first offering is the Leanspace Cloud, a technology enabling space organizations to easily build integrated software ecosystems to run space missions. It will be launched at the SpaceTechExpo in Bremen, Germany, via a public demonstration event in partnership with ClearSpace, the International Astronautical Federation (IAF) and the International Space University (ISU).

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Seraphim Completes Investment in Arqit Quantum

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LONDON (Seraphim Space PR) — Further to its announcement on 7 September 2021, Seraphim Space Investment Trust plc (LSE: SSIT), the world’s first listed fund focused on Space Tech, is pleased to announce the acquisition of the holding of Arqit Quantum Inc. (“Arqit”) from the Seraphim Space LP ( ” Seraphim Space Fund “) .

As set out in the IPO prospectus, Seraphim Space will acquire four assets from the Seraphim Space Fund for newly issued ordinary shares in the Company. This acquisition represents the second of those transactions to complete.

Arqit is a leader in quantum encryption technology designed to eliminate the threat of cyber-attack and data theft. The business has a unique quantum encryption Platform-as-a-Service which makes the communications links of any networked device secure against current and future forms of attack – even from a quantum computer.  On 7 September, Arqit completed its proposed merger with Centricus Acquisition Corp. The combined company has been renamed Arqit Quantum Inc. and its shares have commenced trading on NASDAQ under the new ticker symbol “ARQQ” for Arqit common stock.

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Commercialisation of the Space Sector: What Can ESA Do in Europe?

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Josef Aschbacher (Credit: ESA–Philippe Sebirot, 2016)

by Josef Aschbacher
Director General
European Space Agency

There is no need to point out the importance of commercialisation in the space sector. It has been implemented and visibly demonstrated in all corners of the world. The commercialisation of space has entered a new dimension with the digital sector massively investing in the space sector, giving it the attention, credibility, funding and even celebrity the American space industry needed to grow colossally and at a very quick pace. Its success set off a ripple effect overseas, encouraging similar investments in space industries in Japan, China, India, UAE, to name a few. Around the globe, countries have been further encouraged to heavily invest in space after being woken up to the great economic, societal and strategic benefit potential the sector promises.

Certainly, the US has led the way more than a decade ago, but today basically every country puts a huge emphasis on putting the commercial sector into the driving seat for “NewSpace” projects, however you may wish to define NewSpace.

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OTB Ventures Launches OTB Space Program I, Investing in ICEYE’s $87 Million C Round

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  • Newly launched space investment program supports $87m series C funding round for ICEYE
  • Builds on OTB Ventures alliance with Draper Venture Network

AMSTERDAM, 22 September 2020 – OTB Ventures, a leading venture capital firm specialized in investments in technology companies originating in Central and Eastern Europe (CEE), today announces the launch of a dedicated investment vehicle to support Europe’s leading space technologies – OTB Space Program I – backed by the European Investment Fund and the European Commission through the InnovFin for Equity programme.

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Seraphim Space Tech Venture Capital Fund Reaches $95 Million Close

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  • The world’s only dedicated space tech Venture Capital fund reaches £70m close
  • Europe’s leading space companies collectively supporting pioneering new fund
  • Former Google Earth CTO Michael Jones joins Seraphim as Managing Partner
  • Completed first 2 investments in leading nanosat constellations – Spire & Iceye

LONDON (Seraphim Capital PR) — A new revolution in Earth Observation is underway driven by low cost satellites and drones/UAVs enabling data that will be defining our changing world over the next decade. A new venture fund launched by Seraphim Capital has been established to capitalize on this opportunity.

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Catapult Welcomes Launch of £50 Million Seraphim Space Fund

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Satellite_Applications_Catapult_logoDIDCOT, England (Satellite Applications Catapult) — The Satellite Applications Catapult has welcomed the launch of the £50m Seraphim Space Fund, describing it as a “game-changing boost to the UK space industry”.

The UK-based fund is the first of its size anywhere in the world, focusing on investing in early-stage technology companies emerging from the ‘new space’ revolution. It will invest in commercial applications in both software and hardware opportunities, as well as in technologies that have potential space applications such as artificial intelligence, robotics and nanomaterials.

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Seraphim Space Fund Offers Venture Capital for European Start-ups

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ESA logoPARIS (ESA PR) — The Seraphim Space Fund of venture capital, currently worth £50 million, is set to boost European small, medium and start-up companies developing space-based applications, services and technologies.

The fund offers a springboard for all space technology, emerging products, applications and associated services that have been developed with ESA’s help.

This includes software, hardware and integrated solutions for companies that use satellite data for a wide range of applications such as intelligent transport and smart cities, through to sectors including insurance, maritime, agriculture and oil and gas.

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