Spaceflux, a space technology company based in London, UK, has successfully raised £5.4 million in a seed funding round. The investment was co-led by UK Innovation & Science Seed Fund (UKI2S), Foresight Group, and Blackfinch Ventures, with additional participation from Seraphim Space. UKI2S supports innovative UK companies emerging from publicly funded research, investing in sectors like engineering and fusion energy. Foresight Group, a FTSE 250-listed manager, focuses on real assets and growth capital to support global shifts, while Blackfinch Ventures backs high-growth, tech-enabled startups through strategic capital. Spaceflux plans to use the funds to expand its global sensor network, enhance its Cortex analytics platform, and scale its space tracking services. Founded in 2022, Spaceflux specializes in Space Domain Awareness and Space Traffic Management, offering advanced tracking of space objects to prevent collisions and protect assets. The company is dedicated to promoting the responsible use of the orbital environment.
How did Spaceflux secure £5.4 million in seed funding?
