Mark Boggett (middle), Seraphim's CEO, said space technology is fast becoming the foundational enabler for the artificial intelligence and digital systems set to drive economic growth. Credit: Seraphim Space

TAMPA, Fla. — Seraphim Space announced Feb. 25 it has completed fundraising for its second private early-stage venture fund, after exceeding its $100 million target to back young space technology startups.

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Jason Rainbow writes about satellite telecom, 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 Group,...