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Seraphim Space launches second VC fund with 9 investments already under its belt

Following its first close with limited partners including Airbus, the early stage fund will build a global portfolio of 30 startups that will be backed at the seed and Series A stages.

Investors have become increasingly aware of space startups and the broader market, which could be worth$1.8 trillion by 2035, up from $630 billion in 2023, according to a recent report by the World Economic Forum and McKinsey. These market conditions forced the cash-strapped SSTI to focus on follow-on investments rather than new deals, and suggested that getting funding through the LSE for early-stage, non-profitable bets would be even harder. “With VC funds, we’re able to make mistakes and have failures and high levels of risk over a longer period of time than the public market is comfortable with,” Boggett told TechCrunch.

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