Addisons has advised space power technology company MP Space on its $23 million seed raise, one of the largest seed rounds for an Australian deep technology company.
The round was led by Blackbird, with participation from Systemiq Capital, Seraphim Space, Speedinvest and MFV Partners, and closed in October 2026. The investment marks Seraphim Space’s first investment in an Australian company.
Founded in 2024 by Jay Manley and Sam Paterson, MP Space develops power systems for the next generation of spacecraft. Its battery systems are already being designed into space services and missions comprising more than 500 spacecraft. The funding will support MP Space’s next phase of growth, including scaling its Australian manufacturing capability, expanding its range of power-system platforms and growing its local engineering team.
In what proved to be a busy few months for the company, MP Space was also featured as one of the Tech 23 class of 2026 at Cicada x Tech 23, Australia’s largest deep tech conference, in September 2026.
The Addisons team advising MP Space is led by Kieren Parker, supported by Senior Associate Max Jamieson, and Solicitors Matt Boyer and Brenda Li.
Kieren Parker, said: “We are delighted to have supported Jay, Sam and the MP Space team on another significant milestone for the business. To raise A$23 million and attract the backing of leading Australian and international investors is a fantastic achievement and reflects the strength of the technology and team they have built.
“Having advised MP Space on its previous pre-seed funding round in 2025, it has been great to see the company’s development and growing international reach. We look forward to continuing to support the team as they scale Australian manufacturing and pursue the significant global opportunity ahead.”
MP Space co-founder Jay Manley, said: “The Addisons team has been an important partner to MP Space as we’ve grown, supporting us through successive funding rounds. Addisons understands our business and what we’re trying to achieve, and we value having a team we can rely on as we enter this next stage of growth.”