Promus, Seraphim say venture funding still plentiful; wider investor pool awaits successful exits

by Peter B. de Selding

PARIS — Managers of two space-focused venture funds said the space sector has yet to generate interest beyond a relatively small investment class of wealthy individuals and companies with a strategic interest in the technology.

The wider pool of investors, they said, is likely waiting to see evidence of successful exits by early investors before jumping in.

That may be a problem at some point. But for the moment, Mike Collett, founding and managing partner of Promus Ventures; and Mark Boggett, chief executive of Seraphim Capital . . .

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