product and investor days - spacecamp.vc · maral bayaraa mark jarman tim just paul febvre henrieta...

For more information explore www.spacecamp.vc

PRODUCT AND INVESTOR DAYS

COHORT #1 JULY 2018

INVESTORS / INNOVATORS E V E N T G U I D E


Welcome to the culmination of Space Camp Cohort #1! We reviewed over 1000 start-ups globally for this first ever programme of Space Camp, our new SpaceTech focused accelerator.

The six companies selected represent potential future category leaders that match the dual objectives of being venturable and attracting commercial interest from our corporate delivery partners and sponsors.

At Seraphim we believe SpaceTech will be one of the defining growth areas in the wider venture capital market over forthcoming decades, with Space Camp positioned to be at the heart of the already thriving SpaceTech ecosystem. London is only the launch pad for Space Camp as we look to roll out globally in the next year, building the biggest and most valuable accelerator alumni focused on Spacetech.

Rob DesboroughDirector, Seraphim Space Camp

We’re delighted to welcome you to the Cohort #1 Product & Investor Days of Seraphim Space Camp, the UK’s first accelerator programme dedicated to the rapidly growing SpaceTech start-up sector.

With the assistance of our corporate sponsors we’ve chosen 6 start-ups for our first programme from the Seraphim Capital global dealflow. The six showed great commercial potential across their specific fields and address a number of earth-bound business problems that SpaceTech can help solve. The companies cover areas from robotics to earth observation, drones, satellite propulsion and AI. Reflecting the interconnected nature of the wider technology landscape, the cohort also includes not just pure-play space technology, but also both technology spun out from the space sector, and terrestrial technology with potential game-changing applications within the space sector.

The entire Space Camp team, along with our key corporate partners have been working incredibly hard to genuinely accelerate their path

to Series A funding and commercial engagement with some of the worlds biggest corporates in their fields. After working with the teams over the 9 week programme we are delighted to introduce you to them and the products they are building to address some of the key growth opportunities in the SpaceTech sector.

Backed by Seraphim Capital, the world’s first and largest Space Tech Venture Fund, Space Camp brings together a growing list of top-tier players in the SpaceTech Industry: Space Corporates, Institutions, Specialist Investors and IP Experts, creating a globally unique value proposition for start-ups. Our Product and Investor Days are also a great opportunity to connect with the partners and our wider network of professionals interested in the SpaceTech sector.


For more information explore www.spacecamp.vc For more information explore www.spacecamp.vc

9TH JULY PRODUCT DAY

09:00 Registration, coffee and pastry

10:00 Welcome note, Seraphim Capital

10:15 Keynote, Robert Goddard, Engineering Director SSTL

10:30 Space Camp Teams Product Pitches and Expert Jury Q&A

12:45 Networking Lunch and Demos

10TH JULY

INVESTOR DAY

13:00 Registration and coffee

13:30 Welcome note

13:45 Keynote, Seraphim Capital

14:00 Investors Panel - in a discussion with Episode1, MMC Ventures, BGF Ventures and Accelerated Digital Ventures

14:30 Coffee break

15:00 Notes on the Space Camp Programme and Partners

15:10 Space Camp Teams Pitches

16:30 Final Remarks and Thank you

16:30 Networking Drinks and DemosStrictly private and confidential. Not for distribution.

Investment in new business carries high risk as well as the possibility of high rewards. It is highly speculative and potential investors should be aware that no established market exists for the trading of share in private companies. Before investing in a project about which information is given, potential investors are strongly advised to take advice from a person authorised by the financial service and markets Act 2000 (FSMA) who specialise in advising on investments of this kind. Neither Space Camp Ltd not Seraphim Space (Manager) LLP can advise on the merits or risks of investments and neither is authorised to arrange transactions or circulation of offer documents under the FSMA and are exempt bodies for the purpose of arranging deals in investments under the statutory instrument 1201 of 2000. Strictly private and confidential. Not for distribution.

Taking a “VC-mindset” approach to the accelerator concept, the founders of Space Camp believe that investability should be a prerequisite for companies’ participation in the programme, not the endgame.

The Space Camp value proposition is designed to attract the ‘best of breed‘ high growth technology companies that are best addressing the biggest challenges facing corporates and the wider SpaceTech industry, and to support them in achieving commercial scale by creating tangible outcomes beyond simply funding.

Space Camp is creating an ecosystem and community support network to ensure that participating start-ups are equipped to maintain their accelerated growth beyond the completion of the programme, providing mentoring from more established companies from the Seraphim Capital portfolio, opportunities to work with invested corporate partners on proof of concepts and other technology integrations, and ongoing access to facilities and resources in locations around the world.

Seraphim Space Camp is the UK’s first dedicated accelerator programme for start-ups in the SpaceTech industry. Launched by Seraphim Capital, the world’s leading venture capital fund specialising exclusively in SpaceTech investment, Space Camp is backed by both the UK and European Space Agencies as well as by corporate partners such as Dentons, Rolls Royce and Cyient.

Seraphim Capital is a London-based venture capital fund manager with £100 million under management and the manager for the world’s leading SpaceTech focused venture fund dedicated to financing the growth of companies operating in the space ecosystem. We invest in companies that are transforming global industries through the generation, enhancement, and application of satellite- and drone-enabled data.

Seraphim typically invests at Series A stage into IP-led businesses that have the potential to redefine large existing markets or create entirely new ones. Over the last decade this has included artificial intelligence (computervision, neural networks, machine learning), the Internet of Things (software, sensors),

advanced materials (polymers, semiconductors) and more recently SpaceTech (nanosats, drones, sensors, data analytics). Collectively, the Seraphim team has more than 100 years’ experience, having invested in more than 200 early- and growth-stage businesses.

C A P I T A L

C A P I T A L

For more information, please visit www.seraphimcapital.com


Rolls-Royce pioneers cutting-edge technologies that deliver the cleanest, safest and most competitive solutions to meet our planet’s vital power needs.

Part of Rolls-Royce, R2 Data Labs is an acceleration hub for data innovation. Using advanced data analytics, industrial Artificial Intelligence and machine learning techniques, R2 Data Labs develops data applications that unlock design, manufacturing and operational efficiencies within Rolls-Royce, and creates new service propositions for customers.

Dentons’ Global Space Business Group encompasses all facets of satellite and space industry legal concerns, both domestic and international. It includes a focused, interactive team of space industry specialists with experience of space-related intellectual property, cutting-edge regulatory advice, complex purchases, satellite financings, restructurings, hosted payload agreements, technology contracts, and equipment leases and financings, with one of the largest TMT groups in the world.

SPACE CAMPPARTNERS

We work with the world’s leading space organisations.Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders across aerospace and defence, medical, telecommunications, rail transportation, semiconductor, utilities, industrial, energy and natural resources sectors. We leverage the power of digital technology and advanced analytics capabilities, along with domain knowledge and technical expertise, to solve complex business problems.

At the heart of UK efforts to explore and benefit from space, UKSA is responsible for ensuring that the UK retains and grows a strategic capability in space-based systems, technologies, science and applications. UKSA leads the UK’s civil space programme in order to win sustainable economic growth, secure new scientific knowledge and provide benefit to all citizens.

CASTS Project with Capital Enterprise develops growth potential in tech start-up businesses based in London. The project aims is to enhance the competitiveness of small and medium sized enterprises (SME) in the technology sector especially at the post accelerator stage. Capital Enterprise will enable our partners to support more high growth tech SMEs through the deployment of additional staff and therefore support systems such as business mentoring, help to build up their team, management and leadership capacity, develop and test their world class technology/product, achieve good market traction, raise seed investment and prove their businesses model is both repeatable and scalable.


OUR DELIVERY PARTNERS

We are proud to count the following business as part of our wider network.

This first edition ran May - July 2018 and we will soon open applications for new teams to join the second round of the programme, starting September 2018.

We are thankful to all the mentors, to the Seraphim Capital Investment Team and Managing Partners and to the programme Experts-in-Residence for their tremendous support and interest in our initiative!

For more information explore

www.spacecamp.vc @SpaceCampVC

Special thanks go to our keynote speakers and mentors, that offered us tremendous support in our initiative:

Candice Johnson

Matt O’Connell

Peter Platzer

Matthew Dreaper

Michael Jones

Michele Franci

Justin Hill

Elizabeth Seward

Faizan Patankar

Colin James

Robert Goddard

Francesco Liucci

Sam Adlen

Jason Maroothynaden

Gonzalo Mercado

Chris Hobbs

John Spindler

Nicola Pizzolorusso

Stefano Beco

Richard Lowe

Jaime Reed

Neil Robertson

Iain Alexander

Cordelia Meacher

Martin Bloom

Ian Stammers

Brett Putter

Paul Gillespie

Louis Trichard

Joseph Stone

Mark Nisbett

Simon Adams

Charlie Jolly

Flavia Richardson

Ivan Farneti

Irene Walsh

Brian Dent

Fernando Carballal

Thomas Jones

Maral Bayaraa

Mark Jarman

Tim Just

Paul Febvre

Henrieta Sanislova

Emma Hitchman

Stephen Spittle

Ian VanOorschot

Charlie Bloomfield

Melanie Clift

Bob Baldwin

THANK YOU


SPACE CAMP TEAM SERAPHIM CAPITAL TEAM

Rob Desborough

Director [email protected]

Mark Boggett

CEO & Managing Partner [email protected]

Ioana Craescu

Programme Manager [email protected]

James Bruegger

CIO & Managing Partner [email protected]

Bartu Kaleagasi

Investment Analyst [email protected]

Conor O’Sullivan

Investment Manager [email protected]

Rodolphe Rombaut

Intern [email protected]

Matt Penneycard

Venture Advisor [email protected]

Claudia Mendzil

Programme Associate [email protected]

Frédéric Rombaut

Partner [email protected]

Rodrigo Duarte

Junior Programme Associate [email protected]

Daniel Carew

Investment Manager [email protected]

Nathan Hill

Expert in Residence (Qi3) [email protected]

Francesca Warner

Venture Advisor [email protected]

Robin Higgons

Expert in Residence (Qi3) [email protected]


Name:

Global Surface Intelligence

One liner GSI provides A.I. powered analysis of satellite data helping owners of natural resources and infrastructure to make better decisions in buying, selling and managing their assets by establishing their current value.

Overview:

4,000 satellites currently orbit the planet collecting and communicating a vast array of raw data. Global Surface Intelligence (GSI) is one of a few companies globally who are able to extract answers from this raw data to reveal changes over time in natural assets, resources and land use. Applications include forest inventory, pest and disease tracking, crop yield, traceability for the food supply chain, deforestation, insurance claim management and defect detection in man-made structures.

GSI has an ultra-efficient AI processing platform which transforms raw data into faster valuable decision-making answers, enabling customers to get more value from space data.

Opportunity:

Today’s corporate customers need more than “pretty pictures” from space, instead they need answers on the changing behaviour of natural assets and resources. Extracting answers from space information is complex, time consuming and expensive.

GSI has invented and patented unique methods in the application of AI to space data which move beyond simple object classification to high value measurement of change.

Website: www.surfaceintelligence.com

Main email: [email protected]

Location: Glasgow, UK

Twitter: @gsiearth

Funding raised to date: £2.4m

Number of employees: Ten

Key contacts

The GSI processing platform ingests raw satellite, LiDAR and ground survey data transforming it into high value data products which it sells to clients and partners.

Key Team:

Gavin Tweedie, CEO. Helped establish the European Operation for five early stage decision support and workflow companies which were acquired or merged with IBM, HP and Sun.

Dr Matt Tyburski, Founder & Chief Scientist - Matt is an interdisciplinary geospatial data scientist, inventor of 3 GSI patents in applied AI to remote sensing, He has a PhD, LLM, MSc and BA.

George Lindsay, COO – George is an experienced international business executive, who has CEO and COO experience both in start-ups and the corporate world, such as Aglxtix & Caterpillar.

Martin Milnes, Chief Engineer Martin is inventor of the GSI platform and has 25 years’ experience in satellite & radar data and the application of HPC machine learning.

Funding Ask:

Building on a recently completed £850k investment round.

Milestones:

• Working towards a series A investment in 2019

• Seeking partners to collaborate on complete business supply chain solutions

• Pilots within the corporate community.

Notes:

Gavin Tweedie CEO

Lynne Ross Chairman


Notes:

Website: www.tesseract.space


Location: California, U.S.A

Twitter: @tesseract_space

Funding raised to date: $930k

Number of employees: Three

Key contacts

Erik Franks CEO

Jeff Gibson COO

Name:

Tesseract

One liner The space transportation company offering revolutionary propulsion.

Overview: Every satellite needs propulsion and Tesseract builds satellite propulsion systems that use non-toxic propellants, have dramatically better performance, and lower cost than existing options.

Tesseract founders were principal engineers on a DARPA program that developed the largest 3D-printed rocket engine ever fired, with 25,000 lb of thrust.

Opportunity:

Current satellite propulsion technologies rely on toxic fuel that is dangerous to handle. This results in fuelling costs of up to $500k per satellite and are cost prohibitive for inexpensive smallsats. Tesseract has redesigned thrusters for low toxicity fuels and modern manufacturing techniques such as 3D printing. This eliminates the $500k fuelling cost and provides twice the propulsion for half the price.

Tesseract is an alumnus of Y Combinator – the world’s pre-eminent start-up accelerator and already has Letters of Intent for over $150m in annual revenues.

Key Team:

Erik Franks, CEO. B.S. Economics, M.S. Space, Studies and founded an e-commerce startup with 50 employees and shipped 1.6m orders.

Jake Teufert. B.S. Aerospace/M.S. Space Systems, 10 years of industry experience : 10 rocket designs flown in space with Space Shuttle and Aerojet.

Jeff Gibson, CTO. B.S. and M.S. Aerospace, has 10 years industry experience with guided Missiles for United Technologies.

Funding Ask:

$1.7M on a Y Combinator SAFE with $6M cap.

Milestones:

• Seed round funds development to initial profitability from the first product shipped

• Testing of product in vacuum, simulating space conditions, in the next 2 months opens possibility of sales to customers

• Development in 2018, first product deliveries in early 2019.

•


Notes:

Website: www.quadsat.com


Location: Odense, Denmark

Twitter: @QuadSAT

Funding raised to date: £300K (Including grants)

Number of employees: Four

Key contacts

Andrian Buchi CTO

Joakim Espeland CEO

Name:

QuadSAT

One liner Autonomous drone-enabled Satellite Antenna Calibration.

Overview:

QuadSAT is a Danish company that has developed a brand new tool and technique for testing and calibration for satellite antennas being deployed in high-value Maritime and Aeronautical markets. Combining the latest drone technology with a simulated satellite payload and mathematical algorithms, QuadSAT simplifies the requirements for satellite antenna testing, qualification and calibration.

Opportunity:

QuadSAT’s products reduces vessels and aircraft downtime for such testing procedures, significantly reducing operational expenses as well as allowing more uptime on network.

QuadSAT’s customers include the world’s Satellite Operators, Satellite Antenna Manufacturers, VSAT Network Operators’ maintenance teams and Antenna Testing Facilities. Combined this equates to a >$1billion directly addressable market opportunity.

Key Team:

Joakim Espeland, CEO. Experience as independent VSAT consultant. Certified Examiner for the Global VSAT Forum. Educated Mechanical and Automation Engineer. 10 years experience in telecom and SATCOM test and maintenance.

Andrian Buchi, CTO. Mechanical Engineer specialised in Product Development. Advanced Maths and Engineering design experience. R&D Engineering and Rapid Prototyping experience.

Rasmus Gupta, Drone Expert Mechanical Engineer specialized in Aerospace developments. Experienced UAS Pilot.

Snorre Skeidsvoll, Data Analyst RF test and measurement expertise. Certified VSAT installer by Global VSAT Forum.

Helge Munk, Business Angel Awarded Business Angel of the Year in Denmark 2018. Financial background. Founder and owner of drone company in security sector. Successful investor and founder.

Funding Ask:

£1M

Milestones:

• Q1 2018: Deliver pilot solutions to three customers

• Q2 2019: Industry verification project, demonstrating regulatory compliance

• Q3 2019: Manufacturing of a standardized autonomous drone solution that produce comparable test results of all satellite antennas

• Q2 2020: Intelligent cloud service, based on the collected data from deployed antennas.

•


Notes:

Website: earthrover.cc


Location: Harwell, UK

Funding raised to date: £340k

Number of employees: Six

Key contacts

Imtiaz Shams Business Development

Alina Costache Co-Founder

Name:

Earth Rover

One liner Earth Rover is developing the first robotic agriculture system that is genuinely viable for farmers.

Overview:

Earth Rover is a UK precision farming start-up aiming to provide the first robotic farming system that is genuinely viable for farmers.

Farming has reached its tipping point. It is stuck in analog mode, is highly wasteful and threatened by severe manual labour shortages. However, no farmer today can adopt new technologies as their primary mode of production because robotics companies’ focus has been on selling disparate hardware. Earth Rover is an operating system company that delivers farming services, rather than hardware. We are currently evidencing our technology with the largest organic farm in the UK, which has also invested in Earth Rover.

Opportunity:

Selling precision farming-as-a-service, Earth Rover’s initial target market is the £1.7bn labour-intensive organic vegetable production market in Europe.

Current farming robotics solutions are single-point and focus on hardware, which makes them difficult to scale. We are developing an operating system that makes it practical and cost-effective to sell robotic technology to farmers as a service, at scale. The first manifestation of the system is an integrated weeding-scouting-selective harvesting solution that saves the farmer up to 70% of opex and 50% of growing costs.

Key Team:

Alina Costache. A business strategist who has worked with €10bn+ market cap listed companies at board level.

Professor Simon Blackmore. One of the world’s leading experts on precision farming and agricultural robotics.

Paul Harter. An experienced software & hardware integration specialist, former senior technologist at BBC R&D and architect of Digirostrum.

Sergio A. Mart. A software and hardware developer. Previously CTO and co-founder at gesture control startup FlickTek, and senior architect at Intel.

Funding Ask:

Seed round £1.5m

Milestones:

• Q2-Q318: Develop a field tested, agriculturally robust, over-bed scouting robot that can that can track the growth of individual plants

• Q418 - Q119: Prepare for commercial operation of the integrated weeding and scouting robot. Prototype and test components of the selective harvesting system

• Q2-Q319: Start operating the weeding and scouting capability commercially with 5 farms. Pilot the data driven selective harvesting system.


Notes:

Website: www.reconfigure.io


Location: Manchester, UK

Twitter: @ReconfigureIO

Funding raised to date: £700K

Number of employees: Eight

Key contacts

Sarah Bothom COO

Rob Taylor CEO

Name:

Reconfigure.io One liner The next stage in computing power.

Overview:

Moore’s law is dead, choking any business that analyses data at scale or speed. The solution to this problem will dominate a new computing landscape.

Building on key insights from on the ground delivery, Reconfigure.io has created patented data flow and compilation technology that they deliver as a platform to provide next generation compute capabilities.

Opportunity:

Reconfigure.io has built a unique platform that solves this problem with Reconfigurable Infrastructure. Our platform enables enterprise software developers to dynamically deliver application specific hardware to run their application workloads. Giving DevOps teams and Data scientists orders of magnitude better time, power utilisation and processing time.

Building application specific hardware has previously only been possible when applications have been at a sufficiently large enough scale to justify a massive cost and multi-year development timescales.

We bring this capability to software-level costs on software-level timescales down from hardware-level costs on hardware-level timescales.

Key Team:

Rob Taylor: CEO & Founder. Founder of two ongoing multi-million GBP top-end software houses.

Josh Bohde: CTO & Founder. Full stack technical lead with experience in HW, SW, AI and linguistic processing.

Sarah Botham: COO & Founder. Managed payroll, HR and operational logistics for company with 70+ employees and £10M turnover.

Lucy Yu, NED (Investor) Ex COO SwiftKey ($250 exit), Director Public Policy @FiveAI.

Malcolm Evans, (Investor) Manchester based experienced financier and industrialist.

Funding Ask:

£1.5M for a 18 month plan

Milestones:

• Grow staffing to 15 R&D + 6 customer success by end 2019

• Product development for current financial sector opportunities to hit £1.5M ARR

• Develop offering to target Genomics, SpaceTech, InsurTech and Edge

• Grow value-added reseller base and reseller materials

•


Name:

KisanHub

One liner: KisanHub is a Crop Intelligence Platform that connects enterprises with their crops to deliver actionable insights throughout every season.

Overview

KisanHub is a Crop Intelligence Platform and was born out of a desire to give agricultural enterprises everywhere sophisticated, meaningful and simple decision-support tools. Founded in 2013, KisanHub uses big data analytics, cloud computing, and machine learning to compile data from satellite imagery, weather stations, soil sensors, and other sources.

Opportunity:

The platform offers enterprise functionality and data analysis tools which provide real time insight for agri-enterprises who manage multiple growers or field trials. Through using the platform the companies we work with gain agronomic and operational insights into yield predictions, grower performance and product selection.

There are currently over 2,300 growers in the UK and 1,000 in India who use our crop intelligence platform, all of which are paid for by more than 10 enterprise customers. KisanHub sources data via hardware and imagery partnerships, including one with satellite imagery provider Planet Labs.

Key Team

Dr Sachin Shende, Founder & CEO PHD in computational hydraulics and prior to founding KisanHub managed the development of bond trading and research analytics platform for Barclays Global Investors and BlackRock.

Notes:Giles Barker, Co-Founder & COO Graduate of Henley Business School and with a family background in agriculture Giles leads of the operations and revenue functions at KisanHub.

Piers Holden, Head of Data Science Graduate of Oxford University, PPE and a Masters in Data Science from City University. Prior to KisanHub Piers worked as a Junior Portfolio Manager at Blackrock.

Toby Reich, VP of Sales - Held commercial/sales management roles at Syngenta, Arysta Lifescience and FERA. Trained in Crop Protection Agronomy through Harper Adams University and studied Marketing & Sales Excellence through INSEAD.

Nick Brook, SVP Engineering Graduate of Cambridge University, MA Maths. With prior experience in senior engineering positions at BT, Trigenix, Qualcomm and most recently CTO of TAB a data science company based in Cambridge.

Funding Ask:

We are interested in starting conversations with potential investors for our anticipated Series A in Q1 - 2019.

Milestones

Roll out 2.0 features of Enterprise and Trials platforms by Q3 - 2018

Sign up two new Tier 1 clients (£100K+ ARR) contracts by Q4 - 2018

Exceed £500K in ARR by Q4 - 2018

Close Series A - Q1 2019.

Website: www.kisanhub.com


Location: Cambridge, UK

Twitter: @KisanHub

Funding raised to date: £3M

Number of employees: 38 (15 - UK, 23 - India)

Key contacts

Sachin Shende CEO

Giles Barker COO


Notes:Accelerating businesses that observe our planet...

...and the broader technologies that support the full ecosystem

Enabled applications tailored to specific verticals...


www.spacecamp.vc

product and investor days - spacecamp.vc · maral bayaraa mark jarman tim just paul febvre henrieta...

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