Seraphim to expand its world-leading 100 company portfolio as it opens its applications for its Mission 12 cohort
London, 19 JULY 2023: Seraphim Space, known as Generation Space in the US, which runs the leading, dedicated accelerator for global startups in the SpaceTech industry, has opened its applications for its 12th cohort (Mission 12).
Seraphim Space and Generation Space are thrilled to have Leidos, a FORTUNE® 500 technology, engineering and science solutions and services leader working to solve the world’s toughest challenges in the defence, intelligence, civil and health markets, on board as a new sponsor. This sponsorship brings added benefit to the pioneering companies taking part in Mission 12.
The accelerator is a three-month programme that supports SpaceTech companies from inception to IPO. Through the programme, the cohort will have the opportunity to develop key relationships with some of the world’s leading corporates and agencies operating in the space sector as the startups look to raise capital to commercialise their technology.
The cohort will be joining an impressive alumni of over 100 SpaceTech companies who have collectively raised over $2.2bn in funding and have an enterprise value of more than $10bn.86% of companies that go through the accelerator raise within 12 months, and 93% of companies have been successfully funded, with the average post-accelerator raise being $4m.
The accelerator’s unique position at the epicentre of the new space ecosystem attracts startups from all over the world. Mission 12 is expanding Seraphim’s global offering with an APAC-specific portal due to the increase in applications and the quality of startups coming from the region.
Applications for Mission 12 close Sunday 30th July at 11:59 BST for Seraphim Space.
Rob Desborough, Managing Partner at Seraphim Space/Generation Space and CEO of the Accelerator, said: “We are excited to open our applications for a new group of startups to be part of a global alumni of world changing companies. Our network and reach now strengthened with the addition of Leidos as a partner. Mission 12 will be yet another milestone for us, as we expand our APAC offering for the first time. Mission 12 is a true representation of the global nature of the SpaceTech industry today.”
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:
E: firstname.lastname@example.org T: +44 (0) 7905671593 (Joe Doyle)
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 10 Missions, 81 alumni have raised $270 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.