trong>Seraphim Capital, a London, UK-based venture capital firm, has launched a new fund dedicated to space innovation.
Seraphim Space Fund mainly focuses on investing in projects that are commercialising data about the Earth, collected by either satellite or Remotely Piloted Aircraft Systems (RPAS). It also invests in the broader technology ecosystem which supports the satellite and RPAS infrastructures and applications across a broad range of vertical markets, including construction, logistics, agriculture, finance, with a key focus on the insurance market – using insights from airborne data to evaluate risk, monitor assets and assess claims.
An investor in the fund is Luxembour-based satellite operator Ses (listed on the Euronext Paris and Luxembourg Stock Exchange (ticker: SESG), which will also participate in the vehicle’s Advisory Board.
With a team bringing more than 100 years’ experience, Seraphim typically invests at Series A stage into IP-led businesses that have the potential to redefine large existing markets or create entirely new ones.
Over the last decade this has included artificial intelligence (computer vision, neural networks, machine learning), the Internet of Things (software, sensors) and advanced materials (polymers, semiconductors).