Tokyo, from April 22, 2024 NEC Corporation (TSE: 6701) announced today that it is investing in Seraphim Space, a pioneering venture capital fund specializing in the space industry and managed by Seraphim Space, the world’s most prolific investor in this space.・Announced strategic investment in Space Venture Fund II.
Seraphim Space boasts an impressive portfolio of over 100 space startups spanning a wide range of stages from seed to late stage. Their investments range from upstream (satellite manufacturing, launch, space station, return-to-Earth logistics, and on-orbit services such as debris removal) to downstream (satellite data in areas such as climate and sustainability, telecommunications, and IoT). across the entire space ecosystem, including the use of , positioning and navigation).
The Seraphim Space Venture Fund II, in which NEC invests, was established to support the next generation of early-stage space companies from around the world seeking funding.
“NEC has been engaged in space-related businesses such as the development and manufacture of artificial satellites for many years.” Etsuko Hirose, Director of Aerospace and Security Business Planning Department, NEC. “To further expand our business, NEC aims to foster collaboration with Seraphim Space portfolio companies across both upstream and downstream sectors, thereby driving our global space-related business. Seraphim This investment in Space Venture Fund II confirms NEC’s unwavering dedication to driving innovation and leveraging its potential to improve society. ”
Mark Boggett, CEO of Seraphim Space Manager LLP, said: “We are pleased to welcome NEC, a world-leading information technology and electronics company, as a lead investor in this fund.”
Mr. Boget elaborated on the space sector’s growth potential and highlighted the myriad technological advancements that are driving innovation across the industry. “The rapid expansion of the space sector is creating unprecedented opportunities for disruptive growth and consolidation. We are uniquely positioned to support space startups.”
