One of the world’s largest space investment offices has opened a European subsidiary to capitalize on the growing importance of space on the continent.
Seraphim, a London-based venture capital firm founded in 2016, has established Seraphim Space Europe GmbH in Berlin to broaden its investment in the European space ecosystem outside of the UK, the organization announced yesterday in a press release.
“With this initiative, Seraphim is strengthening its presence in the European space ecosystem and laying the groundwork for deeper engagement with the public, policymakers, and the investment community,” Mark Boggett, Seraphim cofounder and CEO, said in a statement. “It is the natural next step after establishing our operations in the United States, and consolidating a strong lead position in the United Kingdom.”
At the top: The European subsidiary will be led by four industry experts, who previously worked together at Einstein Industries Ventures, a Berlin-based VC firm focused on space.
- Hans Steininger was the CEO of space tech supplier MT Aerospace, founder of Apollo Capital Partners, and member of Einstein’s board.
- Arndt Geiwitz is the managing partner of tax and restructuring firm SGP Schneider Geiwitz, and also an Einstein board member.
- Ulrich Hermann is a former board member at industrial software company Heidelberger Druckmaschinen AG and a managing partner at Einstein.
- Christoph Keese is an entrepreneur who was also a senior partner at Einstein for more than three years.
Hermann and Keese will serve as co-CEOs of the Berlin office.
The goals: One of the subsidiary’s main goals is to act as a bridge between different parts of the space industry, enabling and encouraging collaboration between European innovators, commercial entities, and governments, according to the press release.
