Seraphim plans London IPO
June 9, 2021
By Chris Forrester
Venture Capital fund Seraphim, which describes itself as the world’s first space VC fund, is planning a London float and is working with banks.
The plan, reported initially by Sky News, said that Deutsche Bank and JP Morgan were working with Seraphim on its initial public offering (IPO). Details could be confirmed within the next few weeks.
Seraphim Capital’s portfolio comprises nearly 20 companies, including a stake in Arqit, a British-based quantum encryption company which last month announced a $1.4 billion merger with Centricus, a New York-listed special purpose acquisition company (SPAC).
Other investments include LeoLabs, XONA Space Systems, AST & Science, Planet Watchers, D-Orbit, QuadSat, SatelliteVu and others.
Seraphim talks about investing from “Science fiction to Science fact” and is investing in satellite building, launches and data.