{
  "id": 1655470,
  "title": "Seraphim Space invests $30m in satellite Bluetooth firm Hubble",
  "url": "https://urgent.news/2026/08/18/seraphim-space-invests-30m-in-satellite-bluetooth-firm-hubble",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T06:31:49.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/seraphim-space-invests-30m-in-satellite-bluetooth-firm-hubble-93CH-4864354"
  },
  "original_language": "en",
  "account": "London - Seraphim Space Investment Trust plc, a firm listed on the London Stock Exchange, has allocated £22.2 million ($30 million) towards Hubble Network, Inc., its first new investment through the £137 million C Share issue. Seraphim Space Venture Fund II, the trust's portfolio company, made this investment, which will support Hubble's development of a satellite-powered Bluetooth network. This innovative technology allows standard Bluetooth Low Energy chips to connect directly to satellites, bypassing the need for cell towers, gateways, or custom hardware. Hubble currently operates seven satellites in orbit and maintains a terrestrial network comprising over 100 million access points. The investment targets applications in asset tracking, logistics, supply chain management, and industrial monitoring. Seraphim Space has already deployed over £40 million of its C Share proceeds, with a partial conversion of C Shares into Ordinary Shares expected at the end of the current quarter once the £40 million deployment threshold is achieved. Seraphim Space Management LLP's Chief Investment Officer, James Bruegger, expressed satisfaction with this investment, emphasizing their familiarity with Hubble since its early-stage involvement as part of Seraphim Space Venture Fund II. Seraphim Space Investment Trust aims to provide exposure to growth-stage private SpaceTech businesses across sectors like climate, communications, mobility, cyber security, and intelligence.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}