Satellite Vu Secures £30.5 Million in Funding
Satellite Vu, a cutting-edge climate tech company based in London, has recently announced a significant milestone in its funding journey, raising a remarkable total of £30.5 million (approximately $37.9 million) in Venture Capital funding. This announcement comes on the heels of their Series A2 funding round, which successfully closed at £12.7 million (around $15.8 million). This substantial financial backing will allow Satellite Vu to further accelerate its mission of providing sustainable solutions to pressing global challenges, and to expand its operations effectively.
This latest round of funding was spearheaded by the venture capital firm Molten Ventures, with contributions from several notable investors including Seraphim Space Investment Trust PLC, A/O Proptech, Lockheed Martin, Ridgeline Ventures, Earth Sciences Foundation, and Stellar Ventures. With investment commitments exceeding £128 million ($160 million) secured through their Early Access Option Programme (EAP), Satellite Vu stands out as a unique player in the market, underscoring a growing interest in the intersection of space and climate technology funding. Their innovative approach leverages space-enabled data to provide insights into global economic activity, energy efficiency, and carbon footprints across a variety of industries.
As the company prepares for the launch of its first thermal monitoring satellite—dubbed ‘The World’s Thermometer’—built in collaboration with Surrey Satellite Technology Ltd (SSTL), excitement is palpable within the industry. This satellite launch, slated for June 2023 via SpaceX, is anticipated to yield invaluable data that will support Satellite Vu’s overarching objectives. Camilla Taylor, CFO of Satellite Vu, expressed confidence stating, “This funding round puts us in a strong position to hit our commercialization goals over the next 12 months.” The backing received from investors reflects a robust belief in Satellite Vu’s cutting-edge thermal satellite technology and its potential to revolutionize how industries and governments address climate-related issues, paving the way for a more sustainable future.
They've invested in Satellite Vu
Get to know these Greentech investors
| Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|
 Molten Ventures | 14 investments investments | 12 contacts contacts | |||
 Seraphim Capital | 11 investments investments | 5 contacts contacts | |||
 A O Proptech | 1 investment investment | more info | |||
 Lockheed Martin | 2 investments investments | more info | |||
 Ridgeline Ventures | 1 investment investment | more info | |||
 Earth Sciences Foundation | 1 investment investment | more info | |||
 Stellar Ventures | 3 investments investments | 5 contacts contacts |
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