Seraphim Capital Adds Pioneering Space Tech Fund
Seraphim Capital, a London-based venture capital fund manager, launched a fund focused on early stage space-related technology businesses.
According to the firm, the Seraphim Space Fund will be the first fund of its size anywhere in the world to focus on investing in early-stage technology companies emerging from the "new space" revolution.
The fund will focus on companies that use digital data from satellites that is already delivering commercial advantage and social innovations ranging from intelligent transport and smart cities through to sectors such as insurance, maritime, agriculture or oil and gas.
The fund has a strategic partnership with the European Space Agency, which will give the fund access to relevant space infrastructures, to companies with a portfolio of hundreds of software application projects as well as companies in ESA's 16 pan-European business incubators.
To ensure the fund's reach into Silicon Valley, Michael Jones, who is the founder of Google Earth and Google's former chief technology advocate, joined the Seraphim Space Fund as a managing partner.
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