London and San Francisco, 14th May 2024: Seraphim Space, known as Generation Space in the US, which runs the leading, dedicated accelerator for startups in the global SpaceTech industry, announces the companies participating in Mission 13.
The accelerator’s 13th cohort aligns with the recent announcement of Seraphim’s new venture fund, Seraphim Space Ventures II (SSV II). The Fund will focus on investing at Seed and Series A stages in the next generation of visionary entrepreneurs looking to transform science fiction into science fact. The fund is backed by corporate’s including major players from the space sector such as Airbus, SES, Teledyne, Telespazio, Inmarsat and MDA, and new global heavyweights such as Eutelsat, NEC and SKY Perfect JSAT. Already with 9 companies in this portfolio, including accelerator alumni Auriga, Constellr and Ubotica, Seraphim has a greater ability to support SpaceTech’s brightest stars through every step of their journey.
The new cohort focuses on areas including propulsion, cybersecurity, space situational awareness, geospatial insights and in-orbit biotechnology manufacturing. Areas that allow us to map, model and collect data driven insights from Space to help support a better future on Earth.
Seraphim continues to be the most prolific SpaceTech Investor globally. Since 2018 the Seraphim’s accelerator programmes have helped over 95 startups collectively raise over $345m+ in fundraising. To-date companies representing 27 different nations have come through the accelerator, showcasing the top 2% of early-stage SpaceTech capabilities globally. 85% of companies that complete the accelerator, raise investment within 12 months and 93% of companies have been successfully funded, with the average post-programme raise being $4m.
There have been numerous success stories among the programme’s alumni, most recently Xona Systems announced the closing of their $16.5m Series B round. With this funding Xona systems will be looking to deploy and scale their Global Navigational Satellite Systems (GNSS) capabilities to the next level.
The accelerator continues its commitment to nurturing SpaceTech entrepreneurship, now extending its support through the newly launched Academy programme for UK alumni. Supported by UK Space Agency, this initiative provides ongoing resources for accelerator alumni, fostering their continued growth and scalability beyond the initial programme and highlighting the UK as one of the leading Spacetech economies in the world.
Our first academy cohort consists of leading UK-based SpaceTech talent, comprised of the following teams:
Rob Desborough, Managing Partner at Seraphim Space/Generation Space and Chair of the Accelerator said: “Mission 13 exemplifies our commitment to fostering SpaceTech innovation on a global scale. As we enter this new phase, our expanded reach underscores the burgeoning opportunities in the sector. Additionally, we are thrilled to introduce the new academy programme, which marks an exciting opportunity for Seraphim to continue supporting and nurturing SpaceTech talent beyond the accelerator, amplifying the impact of our initiatives in the space ecosystem.”
The accelerator proudly continues its relationship with key corporate parties and industry bodies, including ESA – as part of a multi-year partnership alongside ESA’s ScaleUp programme to help uncover the most exciting early-stage companies in Europe. Other key partnerships include the UK’s National Security Strategic Investment Fund (NSSIF), UKSA, Dentons & Department for Business & Trade, enabling the participating startups to engage with industry leaders and forge partnerships and contacts that impact their growth.
ENDS
Media enquiries
For further information, or to arrange to speak to Seraphim Space Accelerator (UK) or Generation Space Accelerator (U.S) for other enquiries please contact:
Seraphim Space
E: sam@seraphim.vc
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 12 Missions, 95+ alumni have raised $345 million in investment.
About Seraphim Space Investment Trust plc
Seraphim Space Investment Trust plc (“SSIT” or the “Company”) is the world’s first listed fund focused on SpaceTech. The Company seeks exposure predominantly to 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 is listed on the Premium Segment of the London Stock Exchange.
Further information is available at: https://investors.seraphim.vc.
About Seraphim Space Manager LLP
Seraphim Space Manager LLP (“Seraphim Space” or the “Manager”) is based in the UK and manages Seraphim Space Investment Trust plc.
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.
