The British-based provider of space-related technology to the MoD will announce on Friday that it has secured £5.4m in a round led by the UK Innovation & Science Seed Fund, Sky News understands.

Spaceflux, which was founded three years ago, has secured the injection of capital in a round led by the UK Innovation & Science Seed Fund (UKI2S), which is managed by Future Planet Capital, as well as Foresight Group and Blackfinch Ventures. Seraphim Space, the listed specialist investor in space-related companies, is also contributing funding.

Spaceflux uses artificial intelligence and optical sensors to track satellites and debris across all orbits, with its daylight tracking capability meaning it can expand the observation window beyond night-time operations. Its provision of space situational awareness technologies is in growing demand amid warnings that a week-long disruption to satellite navigation could incur a £7.6bn hit to the UK economy.

In a statement to Sky News, Marco Rocchetto, CEO and co-founder of Spaceflux, said: "As space becomes increasingly essential to our economy, environment and daily lives, it is also becoming more congested and contested. This investment strengthens our ability to protect satellite technology that delivers crucial insights to Earth around the clock, reducing collision risks, and supporting a safer, more sustainable space environment for future generations".

Spaceflux, which serves government and commercial customers, has been the exclusive provider of geostationary satellite tracking for the Ministry of Defence and UK Space Agency since 2023.

Alex Leigh, an investment director at UKI2S, said: "This investment marks a significant step in the convergence of defence and space, where dual-use technologies are becoming increasingly important to UK capability. Spaceflux's technology offers critical insights to help monitor and safeguard orbital assets - supporting both national security and the wider commercial ecosystem. The company is well-positioned to scale its impact and meet the needs of customers navigating an increasingly complex space environment."

Satellite tracker Spaceflux reaches lift-off with £5m funding boost

British space-tech firm Spaceflux secured £5.4m in funding led by the UK Innovation & Science Seed Fund, with additional contributions from Future Planet Capital, Foresight Group, Blackfinch Ventures, and Seraphim Space. The company provides AI-driven satellite tracking and space situational awareness technologies, serving government and commercial clients, including the UK MoD and UK Space Agency.