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European law firm Fieldfisher is hosting the launch of UK Space Tech Angels – an initiative launched by London Business Angels (LBA) in conjunction with the £80m Seraphim Space Fund.
UK Space Tech Angels follows on from LBA's Angels in the City and Angels in Med City programmes, which have nurtured 750 new investors since 2012 and helped more than a hundred start-ups and early stage companies raise £200m of angel investment.
UK Space Tech Angels will have a particular focus on new businesses, aiming to bring potential investors together with space sector experts, with the programme aimed at brand new investors, as well as seasoned investors who have very little experience of the space industry.
John Worthy, a partner in Fieldfisher's Technology group who leads the firm's Satellite and Space Projects team, said: "We're delighted to be hosting the launch of such an exciting new programme. The UK space economy has nearly trebled since the turn of the century, and with the government aiming to capture 10% of the global space enabled market by 2030, now is a great time for investors old and new to get involved."
Fieldfisher's Satellite and Space Projects team advises established operators, entrepreneurs, investors, financiers, manufacturers and regulators on corporate finance, M&A, satellite construction, launch services, capacity agreements and regulatory issues, among other areas. Fieldfisher won the Global Adviser award for Satellite/Space Transactions 2016 from Corporate LiveWire.
Anthony Clarke, CEO of LBA comments:
"Space-related technology investment is an incredibly exciting field to be in, with opportunities to make a significant return whilst supporting ground-breaking new technologies that have the potential to change the way we all currently conduct our lives. Our programme will give existing and new investors the understanding they need to take advantage of the opportunities presented by start-ups in this sector."