Former Virgin Group Senior Partner Joins Seraphim Space’s Investment Team

LONDON (Seraphim Space PR) — Seraphim Space Manager LLP, the manager of Seraphim Space Investment Trust plc, the world’s first listed Space Tech Fund, is delighted to announce that Patrick McCall, former Senior Partner of Virgin Group, will join the company.

Patrick joins Seraphim as a Venture Partner following a long and distinguished career in the space, communication and transport sector, He worked for two decades in the senior team driving the expansion of the Virgin Group and as the Chair of Virgin Orbit and Virgin Galactic. His achievements include financing the development of Virgin Galactic and Virgin Orbit, culminating in the flotations of both companies. He also played a key role in agreeing the launch agreement for Virgin Orbit from the Spaceport in Cornwall later this year.

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Pixxel Announces $25M Investment Led By Radical Ventures To Advance The World’s Most Detailed Imaging Satellites for Earth Health Monitoring

PALO ALTO, Calif. & BANGALORE, India (Pixxel PR) — Pixxel, a leader in cutting-edge earth-imaging technology, announced a $25 million Series A led by Radical Ventures, a Toronto-based firm known for investing in entrepreneurs that use artificial intelligence to transform massive industries. Additional participation in Pixxel’s Series A comes from Jordan Noone, Seraphim Space Investment Trust Plc, Lightspeed Partners, Blume Ventures, and Sparta LLC. The new funding enables Pixxel to expedite production of the world’s highest resolution hyperspectral satellite constellation and to offer industry AI-powered insights that discover, solve, and predict climate issues at a fraction of traditional satellite costs.

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UK Satellite Firm Signs Launch Deal with SpaceX

Satellite Vu will share a ride into space on SpaceX’s Falcon 9 to green the planet.

LONDON, 21 February (Satellite Vu PR) – UK space firm, Satellite Vu, have signed a launch deal with Elon Musk’s renowned aerospace company, SpaceX, to launch the world’s highest resolution thermal imaging satellite in early 2023. 

Satellite Vu will be part of a rideshare launch on one of SpaceX’s Transporter missions aboard Falcon 9, which have proven to be the most reliable rockets to launch satellites into orbit in recent years. 

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Seraphim Investors in D-Orbit SPAC Announcement

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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Astroscale Closes Its Largest Funding Round to Date, Bringing Total Capital Raised to U.S. $300 Million

Additional U.S. $109 million in capital will accelerate on-orbit services technology development, facility expansion and global hiring.

TOKYO, Nov. 25, 2021 (Astroscale PR) – Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite servicing and long-term orbital sustainability across all orbits, today announced it closed its Series F round with additional funding of U.S. $109 million from a group of new investors led by THE FUND Limited Partnership in Japan, with participation from international investors including Seraphim Space Investment Trust plc (“Seraphim Space”) in the United Kingdom and DNCA Invest Beyond Global Leaders, a sub-fund of the umbrella structured fund “DNCA Invest” incorporated under the laws of the Grand Duchy of Luxembourg, managed by DNCA Finance, a Limited Partnership in France. This is the largest funding round in the company’s history and brings the total amount raised to U.S. $300 million, affirming investors’ confidence in the rapidly expanding on-orbit servicing market.

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HawkEye 360 Raises $145 Million in Series D Round to Expand Dominance of the Commercial Radio Frequency GEOINT Market

HawkEye 360 RF geolocating microsatellite constellation. (Credit: SFL)

Herndon, Virginia, November 8, 2021 (HawkEye 360 PR) — HawkEye 360 Inc., the world’s leading commercial provider of space-based radio frequency (RF) data and analytics, today announced it has closed $145 million in new funding, priming the company to achieve transformational growth in its data and analytical services product line. This Series D round was led by New York-based global private equity and venture capital firm Insight Partners and Seraphim Space Investment Trust (LSE:SSIT), the world’s first listed space tech fund. Additional funding was provided by the Strategic Development Fund (SDF), the investment arm of UAE’s Tawazun Holding. And joining the round were new investors Jacobs, Gula Tech Adventures, 116 Street Ventures, and New North Ventures, as well as existing investors Advance, Razor’s Edge, NightDragon, SVB Capital, Shield Capital, Adage Capital, and others. This brings the total amount of capital raised to date to $302 million.

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Isotropic Systems Secures Over $37 Million in Additional Series B Funding to Develop Unique Multi-link antenna Through to Product Launch in 2022

  • Isotropic Systems completes a new industry and VC-backed funding round, led by the world’s first listed space tech fund, Seraphim Space Investment Trust PLC
  • This latest funding round takes the total capital secured from investor and customer support to over $100 million
  • Strong strategic investor support from existing investors including AEI HorizonX, Promus Ventures through its Luxembourg based space investment fund Orbital Ventures, SES and UK Government
  • Secures production and commercialisation of Isotropic’s next-gen ground antennas, designed to vastly improve connectivity across the satellite ecosystem

LONDON, 27th September, 2021 (Isotropic Systems PR) – Isotropic Systems, a leading developer of transformational broadband terminal technologies, announces that it has raised over $37 million in an equity financing round, which fully funds the development of its game-changing multi-link antennas through to product launch in 2022.

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Xona Space Systems Fully Funded for First LEO Satellite Navigation Mission

SAN MATEO, Calif., September 22nd, 2021 (Xona Space Systems PR) — Xona Space Systems, the leading innovator in precision LEO satellite navigation services, announced today that it has raised a new funding round co-led by Seraphim Space Investment Trust (LSE:SSIT) and MaC Venture Capital, with participation from Toyota Ventures, Daniel Ammann (co-founder of u-blox), and Ryan Johnson (former CEO of BlackBridge, operator of the Rapideye constellation). Follow-on investors also include 1517 Fund and Stellar Solutions.

Global Navigation Satellite Systems (GNSS) such as GPS and Galileo have become the backbone of nearly every aspect of the modern connected world. However, threats to these legacy systems along with consumer demands for enhanced performance are increasing rapidly. 

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Seraphim Space Investment Trust Raises £180 Million in Oversubscribed IPO

LONDON (Seraphim Capital PR) — Seraphim Space Investment Trust plc, a newly established closed-ended investment company which will invest in a diversified international portfolio of early and growth stage Space Tech businesses, is pleased to announce that it has successfully raised gross proceeds of approximately £178.4 million [US $247 million] pursuant to the Initial Issue of its ordinary shares (“Ordinary Shares”) as described in the prospectus published by the Company on 22 June 2021.

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