Following its first close with limited partners including Airbus, the early stage fund will build a global portfolio of 30 startups that will be backed at the seed and Series A stages.

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Seraphim Space has launched its second VC fund with nine investments already made. The fund aims to build a portfolio of 30 startups in the space tech industry. The space market is projected to be worth $1.8 trillion by 2035. Seraphim Space's first fund saw three times the original investment in returns. The public market has affected the performance of the firm's portfolio companies. The focus of the new fund's investments includes AI, in-orbit computing, space-enabled communications, and microgravity for science.

Seraphim Space launches second VC fund with nine investments already under its belt