UK-based investment firm Seraphim Capital has launched the world’s first space technology-focused venture fund with a £50m ($62m) round featuring aerospace company Airbus, the Financial Times has reported.

Airbus set up a corporate venturing unit, Airbus Group Ventures, in June 2015 with $150m of capital. The fund targets companies operating in areas related to Airbus’s fields of interest, including aircraft and communications systems.

Electronic systems provider Thales, satellite services firm Telespazio, space equipment maker Com Dev and satellite operator Avanti…

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