It’s not a storm — it’s the climate

It’s not a storm — it’s the climate

Sparkmind Invested EPS 7: STARK, NEURA & SERAPHIM

2 July 2026

Summary:

In this episode, Martti Wallin Christopher Lyrhem, and Colin Brown unpack three events and talk to the investor trends behind them.

The contrast between STARK‘s 500 M raise at a 3.5B valuation and the revenues and valuations of Ukrainian companies such as The Fourth Law, Iron Belly or Farsight Vision.

NEURA – German Robotics etc…

The rise and rise of Seraphim Space, who announced in May new shares in their evergreen structure, Seraphim Space Investment Trust. What this means post SpaceX IPO for this domain.

This show is not investment advice, but it is entertaining and hopefully optimised for insights per minute.

Enjoy the episode!!!

TAKEAWAYS:

STARK:

  • Raising 500M at a 3.5B valuation from leading US funds and European players like NIF.
  • The contrast between Defence Investing and Defence Budget Investing.
  • Shows that Europe is pricing in defence.

NEURA:

  • What really is the TAM of Robotics
  • The contrast between European Industrial base investments and American Venture Investors for funding Robotics

Seraphim Space:

  • In Space before it was fashionable!
  • Strategic LPs added real value. 
  • Built out an evergreen structure with the Seraphim Space Investment Trust, and the recent share sale raised 137m GBP.
  • Becoming the “Sequoia” of space.