Seraphim Space Investment Trust is the world's first listed fund focused on Space Tech, targeting early and growth stage private financed businesses.
Portfolio
2
companies
Satellite Vu
Satellite Vu provides high-resolution thermal imaging from space to monitor global energy efficiency and economic activity.
Isotropic Systems
Isotropic Systems builds advanced multi-link antennas for satellite communication.
James Bruegger
Chief Investment Officer
The round was led by Molten Ventures to fund commercialisation ahead of the company's first satellite launch.
"We’re leading SatelliteVu’s funding round as it prepares for its June launch. Their unique technology tackles key climate issues, and we’re impressed with their commercial progress. Their $160m in early commitments is a stellar model of pre-launch sales for deep-tech companies, which other climate-tech firms could emulate."
The second close of the Series A round was joined by participants including Lockheed Martin, In-Q-Tel, and Contrarian Ventures.
"We are thrilled to have raised further funding to propel our expansion into the US market. Our advanced thermal infrared camera will be able to offer unique, previously unseen insights into human activity and the full constellation will enable up to twenty revisits per day of a single location anywhere on the planet. The funding supports the development of new applications and enables closer collaboration on proof of concepts with our customers. This investment further demonstrates that our technology offers potential benefits for national security capabilities, and we look forward to building and expanding our relationship with partners overseas, particularly the US."
The financing round was led by Seraphim Space Investment Trust and will fund the deployment of seven infrared imaging satellites.
"With COP 26 just around the corner and Europe and parts of the USA having suffered the hottest summer on record, there is growing acceptance that we need to act now to try to mitigate the impacts of climate change on our everyday lives and economy. But while many think of industries such as aviation as some of the least sustainable, the built environment is actually one of the primary polluters across our globe. But regular individual monitoring of these buildings is too expensive both in terms of time and cost, meaning much of the environmental and sustainable ratings are often years out of date. That’s simply not good enough when we clearly need to act now and means many are not aware of just how poorly a building is performing in terms of sustainably."
The financing will support the final development and commercial launch of the company multi-link antenna technology.
"We are delighted to announce this new funding today, which will bring our game-changing technology to reality within the next 12 months. The strong interest we have received from across the industry has given us the confidence to accelerate our growth plans and bring forward the commercialisation of our groundbreaking new terminals, harnessing the potential of the thousands of new satellites being launched across multiple orbits in the year ahead."
