Investment across space tech grew 29% in 2018

Jan 29, 2019 · uktech.news

Shutterstock 1042736410 898x505

Investment across space tech grew by 29% to $3.25bn in 2018 and was divided between 182 companies, across the six different parts of the ecosystem, according to research by Seraphim Capital.

Seraphim’s latest Space Index, detailing global investment into the Space-tech ecosystem in 2018, shows the growing appetite for space tech by venture capital investor across the globe.

The six different parts of the ecosystem were identified as being: build ($236m); launch ($1.3bn); products ($477m); data ($845m); downlink ($110m); and analysis ($275m).

Mark Boggett, MD at Seraphim Capital and CEO of the Seraphim Space Fund, said: "The Index reported that 182 companies were venture financed during 2018 versus 131 in 2017. The growth was fuelled by investment into earlier stage investments versus the top five companies funded which accounted for $1bn in both 2018 and 2017.

"Whilst SpaceX generates most of the press coverage it accounted for just 15% of total investment in 2018 ($487m) versus 18% in 2017 ($450m). This points to a thriving wider ecosystem beyond launch technology that’s helping to transform earthbound industries."

Read Complete Article

RT @swiftscaleco: Great to see the Tech for Social impact sector growing so quickly in the UK with 490 startups raising over £1B in VC fund…

I am deeply frustrated about the delay to Crossrail. @TfL & @transportgovuk will continue to hold new leadership to… https://t.co/sKpGomO1YB

Challenge your #AI skills and show how they can change the world of business at the #HackXLR8 hackathon during #LTW… https://t.co/E1TFJ3EI9N

Intel narrowly beats Q1 targets, chops full year guidance https://t.co/s9WABDuVME https://t.co/rLY400rZKE

Everything about this production still looks to be stumbling towards the brink of an abyss. What's really going on… https://t.co/ABEHUcGQPn