{"id":572,"date":"2026-04-28T08:24:16","date_gmt":"2026-04-28T08:24:16","guid":{"rendered":"https:\/\/gw.adampg777.com\/?p=572"},"modified":"2026-04-28T08:24:16","modified_gmt":"2026-04-28T08:24:16","slug":"whitehorns-seraphim-space-raising-350m-daily-business","status":"publish","type":"post","link":"https:\/\/gw.adampg777.com\/?p=572","title":{"rendered":"Whitehorn&#8217;s Seraphim Space raising \u00a3350m \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/04\/Will-Whitehorn-Seraphim-website.png\" alt=\"\" class=\"wp-image-194498 lazyload\"\/><img fetchpriority=\"high\" decoding=\"async\" width=\"850\" height=\"584\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/04\/Will-Whitehorn-Seraphim-website.png\" alt=\"\" class=\"wp-image-194498 lazyload\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/04\/Will-Whitehorn-Seraphim-website.png 850w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/04\/Will-Whitehorn-Seraphim-website-300x206.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/04\/Will-Whitehorn-Seraphim-website-768x528.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/04\/Will-Whitehorn-Seraphim-website-600x412.png 600w\" sizes=\"(max-width: 850px) 100vw, 850px\"\/><figcaption class=\"wp-element-caption\"><em>Will Whitehorn chairs the trust<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size\">Seraphim Space Investment Trust, chaired by Edinburgh businessman and academic Will Whitehorn, has launched plans to raise up to \u00a3350 million in new shares to back opportunities in the sector. <\/p>\n<p class=\"has-medium-font-size\">The fund raising is through a placing and retail offer of new C shares at 100p per share, subject to shareholder approval at a general meeting on 6 May.<\/p>\n<p class=\"has-medium-font-size\">Seraphim Space describes itself as the world\u2019s leading SpaceTech investor, with around $550 million in assets under management. <\/p>\n<p class=\"has-medium-font-size\">Led by Mark Boggett, James Bruegger and Rob Desborough, it backs private, growth-stage companies across the space sector, from satellite navigation to Earth observation.<\/p>\n<p class=\"has-medium-font-size\">The trust\u2019s current portfolio holds 24 companies. The top ten have delivered average annual revenue growth of 79%, and more than 85% of the portfolio is expected to reach EBITDA profitability in 2026. Six holdings have achieved unicorn status since SSIT made its initial investments.<\/p>\n<p class=\"has-medium-font-size\">The trust\u2019s shares, down around 9% on Monday, were trading at 219.5p ahead of the raise, up from around 120p at the start of the year, a rise of almost 83%.<\/p>\n<p class=\"has-medium-font-size\">Mr Whitehorn holds 161,000 shares in the trust, representing 0.07% of the total.<\/p>\n<p class=\"has-medium-font-size\">He is Chancellor Edinburgh Napier University and a former president of Virgin Atlantic. He also chairs the Edinburgh software company Craneware and the Scottish Event Campus in Glasgow.<\/p>\n<p><!-- Simple Share Buttons Adder (8.5.3) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Whitehorns #Seraphim #Space #raising #350m #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Will Whitehorn chairs the trust Seraphim Space Investment Trust, chaired by Edinburgh businessman and academic Will Whitehorn, has launched plans to raise up to \u00a3350 million in new shares to&hellip; <\/p>\n","protected":false},"author":1,"featured_media":573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[356,283,282,355,353,350,354,352,351],"class_list":["post-572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main-stories","tag-350m","tag-business","tag-daily","tag-raising","tag-seraphim","tag-seraphim-space-investment-trust","tag-space","tag-whitehorns","tag-will-whitehorn"],"_links":{"self":[{"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=\/wp\/v2\/posts\/572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=572"}],"version-history":[{"count":0,"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=\/wp\/v2\/posts\/572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=\/wp\/v2\/media\/573"}],"wp:attachment":[{"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gw.adampg777.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}