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World’s first venture fund that will focus on space

The world’s first venture fund that will focus on space. The UK space industry has been growing at an annual clip of eight per cent over the past five years, hence the launch of an £83m fund by Seraphim Capital. The fund is backed by seven corporates: Airbus, Thales Alenia, Avanti Communications, Surrey Satellite Technology, Telespazio, ComDev and e2v. The fund is also being supported by the UK Space Agency and the European Space Agency. It will invest in both software and hardware. Read more about the fund here and also a wide-ranging article about scale-up companies developing in the space market.