---
title: "Hubble Network’s $30M B-II: Seraphim Doubles Down on Space Bluetooth"
description: "Seraphim Space Investment Trust invested $30M into Hubble Network (Series B-II) — satellite-powered Bluetooth that talks to off-the-shelf BLE chips. Prior $70M Series B (2025). Y Combinator is a historical backer with a /fund/ page here; Seraphim is not."
date: 2026-08-18T00:00:00.000Z
tags: ["2026-vc-news", "startup-funding", "venture-capital", "space-tech", "internet-of-things"]
source: https://venturecapitaltracker.com/2026-hubble-network-30m-series-b-ii-seraphim
---

# Hubble Network’s $30M B-II: Seraphim Doubles Down on Space Bluetooth

> Seraphim Space Investment Trust invested $30M into Hubble Network (Series B-II) — satellite-powered Bluetooth that talks to off-the-shelf BLE chips. Prior $70M Series B (2025). Y Combinator is a historical backer with a /fund/ page here; Seraphim is not.

**Hubble Network** took a **$30 million** investment from **Seraphim Space Investment Trust (SSIT)** announced **August 18, 2026** — labeled Series B-II by secondary databases. [Y Combinator](/fund/y-combinator) is a **historical** backer; Seraphim has **no** `/fund/` page here.

**Unexpected truth:** this is not a fresh seed story. It is a **listed SpaceTech trust** recycling C Share proceeds into a company it already knew through Venture Fund II — with **seven satellites** on orbit and a smartphone-scale terrestrial network claim.

This page is for space/IoT scouts. Last verified **August 31, 2026**. Primary: SSIT RNS / Via Satellite.

## Five-minute decision

| If you need… | Verdict |
| --- | --- |
| What happened | **Funded.** $30M from SSIT. B-II label. |
| What Hubble is | Satellite-powered Bluetooth for off-the-shelf BLE chips. |
| Whether it is shipping | **Hardware on orbit** (7 sats) + partner network claims. |
| Whether to diligence | **Yes**, if BLE asset tracking without gateways is your wedge. |

**Investigate further when:** you need global IoT connectivity without custom radios.

**Wait or pass when:** you need a US venture `/fund/` lead on this tranche.

## What happened

| Field | Detail |
| --- | --- |
| Company | Hubble Network, Inc. |
| This check | **$30M** from SSIT · Aug 18, 2026 |
| Prior | **$70M Series B** · Sep 2025 · Swagar Capital lead |
| Total | **>$100M** (Seraphim) |
| Orbit | **7 satellites** (Seraphim statement) |
| Historical | YC, Ryan Swagar, Tom Gonser, Mike Farley |

SSIT: first new portfolio company funded from the **£137M** C Share issue; C Share deployment crossed the **£40M** partial-conversion threshold.

## Who uses it — and why Seraphim fits

**Users / partners named:** Life360, Tile, Texas Instruments, InPlay, Samsara. Job: low-cost global connectivity and asset tracking for BLE-enabled devices — connect standard chips **directly to space** without cell towers, gateways, or custom hardware. Terrestrial assist network cited at **90M+** smartphones (Via Satellite) / **>100M** (Seraphim CIO quote).

**Why Seraphim writes this check:** textbook multi-stage SpaceTech thesis — early support via SSVII, then SSIT growth capital once satellites and partnerships de-risk the story. James Bruegger’s statement is explicit: identify early, support through venture funds, then follow with the listed trust. Likely reason Hubble takes SSIT money: patient space capital that already understands constellation and regulatory timelines, not a generalist SaaS fund discovering BLE in week one.

## Why now

C Share dry powder needed deployment; Hubble had graduated from early-stage to growth with hardware in orbit. Direct-to-device connectivity is the crowded narrative — Hubble’s differentiation claim is **BLE commodity silicon**, not a proprietary phone modem.

## What is not proven

- RNS details SSIT’s $30M; co-investor participation in this tranche unclear.
- Network size claims are company/partner marketing.
- Unit economics of satellite BLE messaging not disclosed.

## Competitive map

| Approach | Hubble contrast |
| --- | --- |
| Cellular IoT / LoRa gateways | Needs terrestrial infrastructure |
| Proprietary D2D constellations | Often custom silicon |
| Hubble | Pitch: use chips already in consumer/IoT devices |

## Implication

The unresolved issue is whether BLE-to-space becomes a **default IoT radio path** or stays a niche tracking overlay. Watch partner device volume (Tile/Life360/Samsara class) more than satellite count alone.

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** August 31, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.