British space investment firm Seraphim has successfully raised over $100 million for its latest venture fund, underscoring the rapid growth of the space technology sector amid rising global defence spending.
Space infrastructure is increasingly seen as a strategic asset, with nations competing to attract funding that strengthens their geopolitical and technological positions. In Europe, governments are working to reduce reliance on foreign companies like SpaceX by nurturing their own satellite and space industries.
“Space technology is fast becoming the backbone for artificial intelligence and digital systems driving the global economy,” said Seraphim CEO Mark Boggett. He added that the new fund will allow the company to support breakthrough innovations that can deliver lasting benefits across multiple industries.
Investors in the fund include the British Business Bank, the UK’s National Security Strategic Investment Fund (NSSIF), Arabsat, and long-term partners such as Eutelsat.
Founded in 2016, Seraphim also manages the Seraphim Space Investment Trust, and with the new fund, total assets under management now exceed $550 million across both private and public investment vehicles.
Industry analysts note that this growth highlights the increasing importance of commercial space ventures, not only for technology development but also as a tool for national security and economic competitiveness.
Seraphim plans to channel the funding into startups and emerging technologies in satellites, space-based AI applications, and other innovative space infrastructure projects, aiming to position Europe as a leader in the space sector.
