NEC Corporation has made public recently its strategic investment in “Seraphim Space Venture Fund II,” a trailblazing venture capital fund specializing in the space industry and managed by Seraphim Space. With a distinguished portfolio exceeding 100 space-related startup companies, Seraphim Space covers various stages, from seed to later stages. Their investments span the entire space ecosystem, encompassing upstream activities such as satellite manufacturing, launch services, space stations, return to Earth logistics, and in-orbit services like debris removal, as well as downstream applications such as utilizing satellite data in climate and sustainability efforts, telecommunications, IoT, positioning, and navigation.

NEC’s investment is directed towards Seraphim Space Venture Fund II, which was established to provide support to the next generation of early-stage space companies worldwide seeking financial backing.

Etsuko Hirose, General Manager of the Aerospace and National Security Business Planning Department at NEC, remarked, “NEC has a longstanding involvement in space-related businesses, including satellite development and manufacturing. To further expand our presence in this sector, NEC aims to cultivate partnerships with Seraphim Space portfolio companies, spanning both upstream and downstream sectors, thus advancing our global space-related endeavors. This investment in Seraphim Space Venture Fund II underscores NEC’s steadfast commitment to driving innovation and leveraging its potential for societal advancement.”

Mark Boggett, Chief Executive of Seraphim Space Manager LLP, expressed delight at NEC’s participation as a key investor in the fund. Boggett emphasized the growth potential of the space sector, citing numerous technological advancements fueling innovations across industries. “The rapid expansion of the space sector presents unparalleled opportunities for disruptive growth and consolidation. Seraphim Space Venture Fund II is uniquely positioned to support the next generation of space startups, including those emerging in rapidly growing Asian markets.”