Seraphim Space, the London-listed investment trust focused on the final frontier, is drawing up plans for a bumper new fundraising after backing a string of companies since its flotation last summer.

Sky News has learnt that Seraphim Space is working with advisers on a new cash call that is expected to be unveiled in the coming weeks.

City insiders said it was likely to raise well over £100m, although precise details, including the timing, have yet to be finalised amid the market fallout arising from Russia’s invasion of Ukraine.

Since raising £150m in its initial public offering last July, Seraphim has invested in companies including Arqit Quantum, which itself went public in the US late last year.

Its portfolio also includes HawkEye 360 and Astroscale, into which it ploughed a combined £27m.

Seraphim Space’s shares have performed strongly over the last eight months, with the company now boasting a market capitalisation of close to £270m.

Its flotation came amid soaring investor interest in the space industry as governments become more competitive in seeking to encourage inward investment in the sector.

A chunk of Mars and the only meteorite to have killed an animal among space items up for sale at Christie’s auction

New planet detected around star closest to the Sun – within reach of ‘future exploration’

Scientists unveil ‘most accurate’ virtual representation of universe, backing Cold Dark Matter model

Deutsche Bank and JP Morgan, which helped take Seraphim Space public, are understood to be working on the new share sale.

The fund was founded in 2016 by Mark Boggett, its chief executive, alongside James Bruegger and Rob Desborough.

Its early backers included the British Business Bank, the European plane-maker Airbus and the European Space Agency.

Seraphim Space declined to comment.

Related posts:

Bridgepoint takes bite of £700m dentistry chain IDH BA parent demands digital health passes to help reopen skies as it dives to £6.5bn loss David Beckham-backed cannabis venture scores dizzy high on market debut NatWest braced for budget delay to privatisation target Employers facing ‘perfect storm’ of hiring struggles as economy reopens – CBI Stars including Olivia Colman call for ‘gadget tax’ to fund the arts From nappy emergencies to last-minute barbecues: why rapid deliveries are here to stay GDP setback was worse than feared during latest lockdowns as savings surged BA owner uplifts flight numbers to meet take-off in air travel demand as coronavirus rules eased Quartet of bidders vie for £700m housebuilder Keepmoat Wall Street regulators investigating Trump social media deal ‘Britcoin’: There isn’t a ‘convincing case’ for a digital currency in the UK, House of Lords committee says