Seraphim Space Investment Trust (SSIT) has announced plans to raise up to £350m through a C-share offering. The spacetech investor says it intends to invest in companies that have come through its accelerator programme or venture fund, in addition to investing in new growth opportunities. The proposed fundraise follows a
Kirstie Pickering
Seraphim Space Investment Trust (SSIT) has announced plans to raise up to £350m through a C-share offering.
The spacetech investor says it intends to invest in companies that have come through its accelerator programme or venture fund, in addition to investing in new growth opportunities.
The proposed fundraise follows a period in which SSIT private‑market valuations have stabilised and later‑stage assets are increasingly approaching strategic sale, IPO or secondary pathways.
Several of SSIT’s largest holdings have reached pivotal commercial and strategic milestones in recent months, including a planned HawkEye 360 IPO.
The share price on the London Stock Exchange has seen a 120% uplift since launch. SSIT says this, combined with increasing visibility on exits across the portfolio, has created a ‘rare window to raise capital at scale’ in listed markets that have otherwise been largely shut to growth capital.
In February, Seraphim Space closed a $100m (£74m) fund and last month, established its Global Space Futures Advisory Council to address key strategic, commercial and geopolitical opportunities and challenges facing the space sector.
