Seraphim Space

What Seraphim Space does

Seraphim Space is the world's first dedicated SpaceTech investment manager, operating a vertically integrated platform that supports space entrepreneurship from inception to exit. Founded in 2016 in London by Mark Boggett, James Bruegger and Rob Desborough, the firm combines an early-stage venture capital fund (Seraphim Space Ventures II / SSV II, closed above $100m in February 2026 against an ~€84m target), a London Stock Exchange-listed growth-stage investment trust (Seraphim Space Investment Trust / SSIT, IPO'd July 2021, FTSE 250 included from 19 June 2026 at £483m market cap), VC-led accelerator programmes (Seraphim Space Accelerator launched 2018 and the US-based Generation Space Accelerator launched 2022), and a corporate and government advisory division (Seraphim Space Enterprise / SSE, led by Managing Director Alexander Holt). Group AUM stands at $550m+ to $630m+ across active vehicles, with SSIT alone managing a £337.5m NAV as of 31 December 2025 (up 20.1% in H1) and having raised an additional £137m through a C-Share issuance in May 2026 — the largest UK investment company funding round since 2023.

The firm's proprietary research infrastructure centres on the Seraphim Space Index, a quarterly dataset tracking global private SpaceTech investment since 2017, and an annual Ecosystem Map. These data products underpin investment decisions and have been cited by Financial Times, Bloomberg, Reuters, CNBC and Sky News. The platform has supported over 150 SpaceTech startups across 33 countries, produced 9 unicorns and 6 IPOs (including ICEYE, which reached decacorn status at a €10bn+ valuation in 2026), and syndicated more than $1bn in co-investment from over 300 venture investors through the accelerator. Strategic corporate LPs across fund vintages include Airbus, SES, Teledyne, Telespazio, SSTL, MDA, plus recent additions Arabsat, Eutelsat, NEC and SKY Perfect JSAT; UK government cornerstones in SSV II include the British Business Bank ($20m) and the National Security Strategic Investment Fund.

Seraphim generates revenue through three primary streams: management fees on AUM across SSV II and SSIT (asset-management-style recurring revenue), carried interest on successful exits (incentive fees), and fee-based advisory revenue through SSE (professional services). Distribution follows a dual-track approach — closed-end venture capital sold directly to sovereign, government and corporate LPs, and the publicly listed SSIT accessible via the LSE Main Market to institutional investors (following FTSE 250 inclusion) and UK retail investors (via the RetailBook platform with a £250 minimum subscription). The firm holds FCA authorisation in the UK, is a UN PRI signatory, and operates from London headquarters at King's Cross with regional offices in the United States (via Generation Space LLC) and Germany, serving founders from pre-seed to IPO across the full SpaceTech value chain including launch, satellite platforms, Earth observation, satellite connectivity/IoT, in-orbit logistics, space situational awareness, dual-use defence applications and emerging categories such as space-enabled biotech and quantum networking.

Name

Seraphim Space

Legal name

Seraphim Space Manager LLP

Website

https://seraphim.vc

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Seraphim Space is a UK-based SpaceTech-focused investment manager operating a vertically integrated platform spanning early-stage venture funds (SSV II), a London-listed growth-stage investment trust (SSIT), VC-led accelerators, and corporate advisory, serving space entrepreneurs from inception to exit.

Ownership category

akta.pro rank

Product category

Venture Capital and Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Guided Missile and Space Vehicle Manufacturing (336414)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industries

Space Defense & Missile Warning (BPAIAHAF), Spacecraft & Satellites (Civil/Commercial) (IMABACAB)

Keywords

• Venture capital funds
• SpaceTech investing
• Investment trust management
• Startup accelerator programs
• Corporate space advisory

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Asset Management / Management Fees: Recurring management fees on AUM across Seraphim Space Venture Fund II (SSV II) early-stage fund, Seraphim Space Investment Trust (SSIT) listed growth fund, and successor vehicles. AUM reported at $550m+ / $630m+ across active funds.
2. Performance Fees / Carried Interest: Performance-based carried interest and incentive fees earned on successful exits across the venture portfolio (6 IPOs produced to date) and valuation gains in SSIT.
3. Advisory and Insights (Seraphim Space Enterprise / SSE): Seraphim Space Enterprise (SSE), the global insights and acceleration division, advises corporates and governments on space strategies and runs the accelerator programme; generates fee-based advisory revenue.
4. Investment Returns (Direct Capital Gains): Direct investment returns on balance-sheet and fund-level stakes in portfolio companies; investment trust structure captures NAV growth from underlying company revaluations and exits.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels10 records

Core offering

Seraphim Space operates an integrated SpaceTech investment platform that deploys capital across the full company lifecycle. It runs early-stage venture funds (Seraphim Space Ventures / SSV II), the world's first VC-led SpaceTech accelerator programme plus its US Generation Space sister accelerator, a London Stock Exchange-listed growth-stage investment trust (SSIT), and a corporate/government advisory division (Seraphim Space Enterprise). The platform also produces the quarterly Seraphim Space Index research tracker and the Generation Space podcast as part of its sector intelligence offering.

Product overview

Seraphim Space operates as a fully integrated investment platform offering a platform-plus-modules architecture covering the full SpaceTech innovation lifecycle from inception to exit. The platform consists of three core components: Seraphim Space Ventures II (SSVII), the early-stage venture capital fund backing Seed and Series A SpaceTech companies; the Seraphim Space Accelerator (along with US-based Generation Space Accelerator), the world's first and largest VC-led SpaceTech accelerator program; and the Seraphim Space Investment Trust (SSIT), the London Stock Exchange-listed growth-stage fund offering public market access to SpaceTech. Supporting these is Seraphim Space Enterprise (SSE), the global insights and acceleration division advising corporates and governments on space strategies, plus the Seraphim Space Index, the quarterly research report and interactive dashboard tracking global SpaceTech investment since 2017, and the Generation Space Podcast. The platform enables Seraphim to support SpaceTech entrepreneurs from pre-seed through to IPO, with the SSVII fund and Accelerator typically engaging startups between Technology Readiness Levels 5-9 and the SSIT holding growth-stage positions. Investors in the fund structure include strategic corporates such as Airbus, SES, Teledyne, Telespazio, SSTL, and MDA, plus the British Business Bank and NSSIF as government backers.

Differentiator

Problem solved

Functional benefit

Brands

• Generation Space: US-based accelerator and investment platform operated through Generation Space LLC; also the name of the firm's Generation Space podcast.
• Seraphim Space Accelerator
• Generation Space Accelerator
• Seraphim Space Ventures

Products and services

• Seraphim Space Investment Trust (SSIT)
• Seraphim Space Ventures II (SSV II)
• Seraphim Space Accelerator VC-led accelerator programme (launched 2018) dedicated to SpaceTech startups between TRL 5–9, partnering with the UK Space Agency and European Space Agency; has graduated 119 SpaceTech start-ups that have collectively raised over US$1bn in co-investment syndicated from more than 300 venture capital investors.
• Generation Space Accelerator US-based sister accelerator programme to the Seraphim Space Accelerator, launched 2022 through Generation Space LLC; co-founded by James Bruegger and Rob Desborough, and managed by Accelerator Manager Ellie Gyaurova to source and graduate North American SpaceTech startups for the venture funds.
• Seraphim Space Enterprise (SSE) Global insights and acceleration division of Seraphim Space, led by Managing Director Alexander Holt; advises corporates and governments on space strategies using Seraphim's proprietary SpaceTech data and accelerator alumni network; accelerator alumni have achieved over US$370m in investment via SSE support.

Quantifiable outcome

• £137 million raised through SSIT C-Share placing, retail offer and institutional subscription, completed in May 2026
• +6 more outcomes

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered flagship.

• Global Space Advisory Council (with XPRIZE, OHB, Hummer Winblad Venture Partners, SPACETIDE, COSPAR)flagshipStrategic or Co-development Partner · 15 April 2026Industry, policy and investment advisory council chaired by SES co-founder Candace Johnson; includes executives from XPRIZE, OHB, Hummer Winblad Venture Partners, SPACETIDE, and COSPAR to inform Seraphim's long-term strategy on space economy structural forces.
• AirbusflagshipStrategic or Co-development PartnerBacker of Seraphim Space Funds and broader platform; cited as a leading space corporate supporting Seraphim's investment activities alongside SES, Teledyne, Telespazio, SSTL, and MDA.
• SESflagshipStrategic or Co-development PartnerLeading space corporate backing Seraphim Space Funds and platform; satellite operator aligned with downstream connectivity and IoT investment focus.
• TeledyneflagshipStrategic or Co-development PartnerLeading space corporate backing Seraphim Space Funds and platform.
• TelespazioflagshipStrategic or Co-development PartnerLeading space corporate backing Seraphim Space Funds and platform.
• SSTL (Surrey Satellite Technology Ltd)flagshipStrategic or Co-development PartnerLeading space corporate backing Seraphim Space Funds and platform.
• MDAflagshipStrategic or Co-development PartnerLeading space corporate backing Seraphim Space Funds and platform.
• UK Space AgencyflagshipStrategic or Co-development PartnerAccelerator partnership with the Seraphim Space Accelerator, supporting UK SpaceTech startup pipeline and ecosystem development.
• European Space Agency (ESA)flagshipStrategic or Co-development PartnerAccelerator partnership with the Seraphim Space Accelerator, supporting European SpaceTech startup pipeline.

Scale indicators11 records

Recent moves4 records

Expansion highlights7 records

Direct peers

• Space Capital: US-based venture capital firm exclusively focused on SpaceTech investing across seed, early and growth stages. Most directly comparable specialist competitor to Seraphim Space, with a similar thesis on the commercial space economy.
• Airbus Ventures: Venture capital arm of Airbus Group investing globally in early-stage SpaceTech, aerospace, and deep tech startups. Direct peer as a corporate-backed specialist SpaceTech VC with similar domain expertise and stage focus.
• Promus Ventures: Early-stage venture capital firm investing exclusively in SpaceTech startups including geospatial analytics, satellite communications, and space logistics. Direct peer as another SpaceTech specialist VC with similar seed-to-Series A focus.

Broad incumbents

• Lux Capital: US-based deep tech venture capital firm with significant SpaceTech portfolio investments (including Planet Labs and Hadrian). Comparable as a deep tech specialist with overlapping space investments though not exclusively SpaceTech-focused.
• DCVC (Deep Capital): Deep tech venture capital firm with notable SpaceTech investments including Capella Space and Planet; comparable as a deep tech specialist where Matt O'Connell (SSIT Investment Committee independent member) is an Operating Partner.
• Founders Fund: US-based venture capital firm with SpaceTech and frontier tech investments (including SpaceX). Comparable as a high-profile generalist VC with thematic SpaceTech exposure at growth stage.

Regional players

• OTB Ventures: European deep tech venture capital firm investing in space, AI, and autonomous technologies, primarily across Central and Eastern Europe. Comparable as a European-headquartered deep tech VC with adjacent SpaceTech thesis.

Emerging players

• Type One Ventures: SpaceTech-focused early-stage venture capital firm investing in frontier space and deep tech startups. Comparable as an emerging specialist SpaceTech VC with similar thesis but smaller AUM and earlier track record.

Others

• Ark Invest (ARKX): Thematic ETF provider offering ARK Space Exploration & Innovation ETF (ARKX) and other SpaceTech-adjacent products. Comparable as a publicly accessible thematic SpaceTech investment vehicle competing for similar investor capital though structured as passive ETFs rather than active management.
• Scottish Mortgage Investment Trust: UK-listed investment trust managed by Baillie Gifford with significant SpaceTech exposure (including SpaceX). Comparable as a UK-listed closed-end fund offering public market SpaceTech thematic exposure though diversified across broader growth equities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/seraphim_space
• LinkedInlinkedin.com/company/seraphim-space

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments163 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Seraphim Space