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Seraphim’s latest space accelerator welcomes nine companies

Seraphim’s latest space accelerator welcomes nine companies

U.K.-based Seraphim Space is spinning up its 13th accelerator program, with nine participating companies working on a range of tech from propulsion to in-space manufacturing and space situational awareness.

The intense 12-week program is designed to get seed and Series A companies “investment ready,” the firm says, by providing specialist mentorship, networking opportunities and intensive workshops and pitch training sessions. Seraphim’s bi-annual accelerator was the first dedicated to space tech in the U.K. 

The new cohort includes companies from the U.K., the U.S., Italy and India. They are:

  • AADYAH Aerospace (India), subsystems for launch vehicles and satellites 
  • Arkisys (U.S.), reusable port module developer to enable business cases in space
  • CarbonLaces (U.K.), software analytics platform for climate and carbon emissions tracking
  • Four Resolutions (U.S.), third-party calibration services for geospatial data 
  • Frontier Space Technologies (U.K.), miniaturized satellite laboratory developer
  • SaferPlaces (Italy), flood risk assessment with a “digital twin” platform 
  • Spaceflux (U.K.), space traffic management solution provider 
  • Viridian Space (U.S.), propulsion developer for satellites operating in Very Low Earth Orbit

There’s also a U.S.-based stealth company that provides cybersecurity for satellite networks. 

Since 2018, 95 startups have gone through Seraphim’s accelerator and 85% of those raised investment within 12 months, according to the firm. Notable alums include Xona Space Systems, which recently closed a $19 million Series A, as well as Virtus Solis and Orbital Composites. 

Seraphim also recently launched its next venture fund, Seraphim Space Ventures II, which will focus on seed and Series A investments. That fund, which has the aim of building out a global portfolio of 30 startups, is backed by major limited partners in the space industry including Airbus, Inmarsat and SES. 

Source link: Techcrunch

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