TAMPA, Fla. — Startups specializing in healthcare, propulsion, and tackling climate change are among 10 space-based businesses taking part in Seraphim Space’s latest accelerator program, the British investment firm announced Oct. 17.

The three-month program connects young space companies with mentors and potential investors as they seek the funds they need to get off the ground.

Seraphim, which runs the bi-annual accelerator with its U.S. arm Generation Space, said 91 startups have collectively raised more than $320 million after participating in the program since its launch in 2018.

Around 86% of companies raise capital within 12 months of participating in the accelerator, according to Seraphim, averaging around $4 million.

Nairobi-based Amini announced it had raised $2 million for a climate data-focused satellite constellation while taking part in the previous accelerator that ended in June.

The companies participating in Seraphim’s twelfth accelerator, which ends in November, are:

Applied AtomicsWater-based propulsion developer.United Kingdom
AquascopeFreshwater intelligence provider.United Kingdom
BioOrbitDeveloping a space-based pharmaceuticals factory.United Kingdom
Optimal CitiesUrban planning digital platform provider.United Kingdom
Four PointGeospatial data firm focused on opencast mines.Poland
SkyFiEarth observation data provider.United States
FreeFall AerospaceAntenna technology developer.United States
Astrogate LabsDesigning a laser communication system for small satellites.India
Kumi AnalyticsProject management platform provider for carbon offsetting.Singapore
TransitryDeveloping an AI and blockchain platform for validating climate impact claims.Singapore

Jason Rainbow writes about satellite telecom, space finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information...