Seraphim launches SpaceTech Academy with $150K investment for early-stage startups

Seraphim, a prominent global investor in SpaceTech, has unveiled the Seraphim Academy, a select program dedicated to providing $150,000 in funding and comprehensive support for early-stage startups. Founded in 2016, Seraphim oversees a range of activities including early-stage investment, venture capital, growth-stage investment, and public markets, managing a portfolio worth approximately $1 billion.

The Academy follows in the footsteps of Seraphim’s successful accelerator model, which has already supported over 150 companies across 33 countries, including six that have gone public and eleven that have achieved unicorn status. One notable example is Xona Space Systems, a company developing the world’s first commercial low Earth orbit satellite navigation constellation.

Xona, which joined Seraphim’s previous accelerator programme in 2019, has since raised a staggering $250 million in Series D funding at a valuation of $2.45 billion, just seven months after its $170 million Series C round.

Designed to identify the next generation of SpaceTech leaders, the Seraphim Academy offers early investment of $150,000, tailored support lasting up to 12 months, and a range of services aimed at helping companies secure customers and scale internationally. These services include assistance with fundraising, commercial growth strategies, mentoring from experienced entrepreneurs and industry leaders, global networking opportunities, and access to Seraphim’s mentor, investor, industry, and founder networks for future fundraising and commercial development.

Alex Holt, Managing Director of Seraphim Space, expressed the company’s vision for the Academy: "Technologies once considered decades away are becoming commercial realities. Through the Academy, we aim to assist early-stage founders in transforming their technical potential into commercially viable businesses with a global presence.

Our goal is to cultivate enduring relationships that extend well beyond the program itself." Applications are currently open to pre-seed and seed-stage SpaceTech companies developing unique technologies for the global market.