Mark Boggett, managing director of Seraphim Capital, spoke to Proactive about their space-sector venture capital fund.
It’s the first fund of its size anywhere in the world focusing on investing in early-stage technology companies emerging from the ‘new space’ revolution.
Boggett says: ''We reached our first close in November. This is an unquoted fund, backed by the British Business Bank and that provides a leveraged structure for other private investors that come into the fund''.
''We're looking to do a second close at the end of April where we're targeting £80mln of which we already have £20mln towards that figure.''
''We've created a fund and we've created an ecosystem to invest in the most exciting businesses in the space technology market'', Boggett adds.