Summit is an investor in Seraphim Space LP, a £67 million Enterprise Capital Fund (ECF) which is the world’s first venture capital investor focused on businesses which operate in the Space ecosystem. The fund is focused on the fusion of terrestrial technology and space applications. It is backed by smart capital from leading space companies and also supported by the UK Space Agency and the European Space Agency.
The fund invests in both downstream (software), and upstream (hardware) ‘New Space’ opportunities, along with technologies which rely on satellite data such as drones and the Internet of Things, or which have potential space applications such as artificial intelligence, robotics and nanomaterials.
In July 2021 Seraphim Space agreed to sell its portfolio of investments to a newly formed company listed on the London Stock Exchange, Seraphim Space Investment Trust PLC.
Until July 2021 Summit was a managing partner and Summit’s managing director, Kit Hunter Gordon, chaired the board.