Seraphim Space Investment Trust hails geo-diverse space accelerator programme as Africa joins space race
Seraphim Space Investment Trust, the world's first listed SpaceTech investment company, held investments in 29 SpaceTech companies at the end of March, according to its latest set of financial reports.
The UK-based Trust told investors that "commercial progress is strong but remains lumpy" with the Top 19 companies growing revenues by 34 per cent in the six months to 31 March.
Read more: Southampton to host UK Space Agency's 'Space for Everyone' tour dates
The Trust had net assets of £220 million and market capitalisation of £90 million, according to the report.
The Trust also gave an update on its three-month space accelerator programme, which supports fledgling SpaceTech companies access capital.
The latest cohort features nine startups looking to develop key relationships with some of the world's leading corporates and agencies operating in the space sector as they raise capital to commercialise their technology.
Since 2018 the programme has helped 81 startups raise over $270m from 90+ venture capitalists.
The accelerator's 11th cohort is the accelerator programme's most geo-diverse yet, including the first startup dedicated to the African space economy to join the programme.
