SatVu Secures £20 Million Funding for Climate Innovations
SatVu, a prominent climate technology company based in London, UK, has successfully secured a substantial £20 million in strategic funding, which encompasses £10 million in equity funding. This significant investment is primarily spearheaded by notable venture capital firms, Adara Ventures and Molten Ventures. In addition, there is involvement from a range of existing investors including NOA, Lockheed Martin, Seraphim, Ridgeline, and Stellar Ventures. With these funds, SatVu aims to further enhance its innovative capabilities and expand its operations in the climate technology space.
Under the leadership of CEO Anthony Baker, SatVu is at the forefront of developing advanced thermal imaging capabilities. The company has already made strides with its HotSat constellation after launching HotSat-1 in June 2023. This pioneering satellite has revolutionized how we monitor our planet by capturing thermal data with an impressive resolution of 3.5 meters. The insights gained from this high-resolution data have greatly improved the understanding of global carbon emissions and energy consumption patterns, paving the way for more informed global environmental strategies and initiatives.
Looking ahead, the company is set to launch HotSat-2 and HotSat-3, both of which are scheduled for deployment in 2025.
These upcoming satellites will deliver critical near real-time thermal data, which is essential for various applications such as energy transition, infrastructure monitoring, and economic activity analysis. By leveraging this vital information, stakeholders can drive targeted actions that contribute to climate mitigation and resilience, thus facilitating informed decision-making as the world strives toward achieving net-zero goals. As SatVu continues to push the boundaries of climate technology, its efforts will be instrumental in shaping a more sustainable future for our planet.
They've invested in SatVu
Get to know these Greentech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Adara Ventures | 2 investment(s) investment(s) | 13 contacts contacts | |||
2 |  Molten Ventures | 5 investment(s) investment(s) | 10 contacts contacts | |||
3 |  NOA | investment(s) investment(s) | more info | |||
4 |  Lockheed Martin | investment(s) investment(s) | more info | |||
5 |  Seraphim | investment(s) investment(s) | more info | |||
6 |  Ridgeline | 2 investment(s) investment(s) | more info | |||
7 |  Stellar Ventures | 1 investment(s) investment(s) | more info |
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