Seraphim Space Investment Trust, also known as SSIT, plans to raise up to £350 million through a C-share offering, the largest recent equity raise by a UK-listed investment trust.
SSIT’s share price total returns were 278% over one year, 411% over three years, and 88% since inception as of 10 April 2026. The share price increased from about 120p at the end of December to around 220p, marking a 120% gain since launch.
Since 2016, Seraphim Space has supported more than 100 SpaceTech companies through its accelerator, backing 45 companies for its fund clients and producing 9 unicorns, 5 IPOs, and one trade sale.
As TFN reported in February, Seraphim’s venture fund recently surpassed its $100 million goal and now manages over $550 million across both private and public investments. The fund is supported by the British Business Bank, the National Security Strategic Investment Fund, and Arabsat.
SSIT’s top 10 holdings have an average annual revenue growth rate of 79% and a gross MOIC of 2.3x. More than 85% of the portfolio is expected to reach EBITDA profitability in 2026.
Several companies are close to strategic exits, IPOs, or secondary deals, including a planned HawkEye 360 IPO and ICEYE, which is valued at €2.4 billion.
The funds will be used in three ways: to support current portfolio leaders who are close to exiting, to invest in the next group of category leaders from the Seraphim accelerator, and to pursue new growth opportunities where Seraphim’s deal flow and insights offer an edge over generalist investors.
