Seraphim Capital

Seraphim Capital is a London-based venture capital firm specializing exclusively in space technology investments, founded in 2006 by Mark Boggett (CEO) and James Bruegger, and widely recognized as Europe's leading — and the world's largest dedicated — space venture capital firm by assets under management. Seraphim manages multiple investment vehicles spanning private fund, public trust, and accelerator models.

The Seraphim Space Investment Trust (LSE: SSIT) — launched at IPO on the London Stock Exchange in July 2021, raising £178 million — was the first publicly traded investment trust in history dedicated to space technology, giving retail and institutional investors access to a diversified portfolio of space company stakes without the illiquidity of direct venture investment. SSIT's portfolio of 35+ companies has included Arqit Quantum (UK satellite QKD), HawkEye 360 (RF geolocation constellation), Satellite Vu (thermal infrared EO), Kion Group (in-space propulsion), LeoLabs (radar SSA), Open Cosmos (satellite platform), and Spire Global. The trust traded at significant discounts to NAV through 2022-2024 as broader tech market corrections depressed valuations of pre-revenue space companies, highlighting the structural challenge of matching illiquid venture timelines to the liquidity expectations of a listed vehicle.

Seraphim Space Camp, the firm's accelerator program, runs cohorts of 8-10 early-stage space startups through a 6-month intensive program with investment, mentorship from senior industry veterans, and access to Seraphim's global network of space prime contractors and government agency connections. Over 20+ cohorts have produced 100+ graduates spanning propulsion, EO, software, and infrastructure sectors.

Seraphim's private fund investments range from £500K seed rounds to £20M+ growth rounds in companies across launch, earth observation, communications, and space situational awareness. The firm's London base gives it close proximity to ESA/UKSA contract flow, Harwell Space Cluster portfolio companies, and Lloyd's of London for space insurance sector intelligence. Competitors for deal flow include Space Capital (New York), Lux Capital, Valor Equity, and Starbridge Venture Capital.