Seraphim Space Accelerator (UK) & Generation Space Accelerator (USA) launches Mission 10 with nine startups from four continents
Since 2018 the accelerator has helped 62 startups raise over $210m from 80 VCs demonstrating the growth of the SpaceTech sector
London, 8th November 2022: Seraphim Space Accelerator and Generation Space Accelerator (U.S), the leading, dedicated VC-led accelerator for global startups in the SpaceTech industry, announces the startups participating in Mission 10. The accelerator is a 13-week programme that supports SpaceTech companies from inception to IPO. The latest cohort from the team behind the world’s leading space fund, features nine startups, all of which are looking to develop key relationships with some of the world’s leading corporates and agencies operating in the space sector as they raise capital to commercialise their technology.
The accelerator’s 10th cohort spans four continents and is a testament to the global nature and success of the programme and a reflection of the wider space economy. The cohort members focus on areas including kinetic launch systems, orbital debris removal, modular technology for microsatellites, advanced material science and on-orbit testing and blockchain for the aerospace supply chain.
The cohort members are:
The Accelerator’s unique position at the epicentre of the New Space ecosystem continues to attract startup’s from all over the world. This is part of a global space success story, where start-ups are flourishing in spite of a tough economic climate. Future cohorts will be further enhanced through the expansion into the US via the US subsidiary, Generation Space LLC and following that, into Asia Pacific.
Earlier this year, Xona Space (Mission 5) raised $15m after having its first payload launched on the Transporter-5 rideshare mission of SpaceX which took place on 25th May. In June, Opteran (Mission 5), which re-engineers insect brain patterns to solve fundamental limitations of current state-of-the-art AI and introduce a third wave of AI: genuine brain biomimicry, secured $12m.
Rob Desborough, Managing Partner at Seraphim Space and CEO of the Accelerator, said: Mission 10 is a fantastic milestone for us and as such, we’re proud to have such a globally diverse cohort. The space sector has gone through considerable developments over the last five years and the startups that we’re welcoming as part of Mission 10, are a clear indicator of how quickly the industry is growing. These are some of the businesses that will help shape the next decade of the space economy.”
Mission 10 features multiple in-person investor pitch days across the UK and US in November, before culminating in an Investor Showcase on the 7th December. The accelerator will continue to be a mixture of remote and in-person events, with over 200 hours of dedicated programme time, including online sessions from experts and corporate partners, workshops and one-to-one mentoring sessions from SpaceTech professionals, advisors, and investors.
The accelerator proudly continues its relationship with key corporate parties and industry bodies, including the UK’s National Security Strategic Investment Fund (NSSIF), UKSA, ESA, Airbus, Cobham, Dentons, DSTL, Cyient, and Satellite Applications Catapult, enabling the participating startups to engage with industry leaders and forge partnerships and contacts that have a real impact on their growth.
For further information, or to arrange to speak to Seraphim Space Accelerator (UK) or Generation Space Accelerator (U.S) for other enquiries please contact the press office:
T: +44 (0) 7739 322 503 (Neil Robertson)
About Seraphim Space Accelerator and Generation Space Accelerator:
The Seraphim Space Accelerator (UK) and Generation Space Accelerator (USA) is the world’s leading accelerator focused on space technology, providing support, networks, resources to scale up and become investment-ready. Working with 230 corporates, government agencies and over 500 investors worldwide. Since the conclusion of the previous 9 Missions, 62 alumni have raised $210 million in investment and $59 million in grant funding.
About Seraphim Space Investment Trust plc:
Seraphim Space Investment Trust plc is the world’s first listed fund focused on SpaceTech. The Company seeks exposure predominantly to early and growth stage private financed SpaceTech businesses that have the potential to dominate globally and that are sector leaders with first mover advantages in areas such as climate, communications, mobility and cyber security.
The Company listed on the Premium Segment of the London Stock Exchange on 14 July 2021, following an oversubscribed IPO raising £178.4m. As at 30 June 2022, the Company had net assets of £239.3m and exposure to more than 25 Space Tech companies. Seraphim Space Investment Trust plc is managed by Seraphim Space (Manager) LLP.
Further information is available at: https://investors.seraphim.vc
About Seraphim Space Manager
Seraphim Space Manager manages Seraphim Space Investment Trust plc, which seeks exposure predominantly to early and growth stage private financed SpaceTech businesses that have the potential to dominate globally and that are sector leaders with first mover advantages in areas such as climate, communications, mobility and cyber security.
Further information is available at: www.seraphim.vc
About Generation Space
Generation Space LLC is the U.S. subsidiary of Seraphim Space Manager, LLP and is responsible for its U.S. activities.
Further information is available at: www.generation.space.