Funding led by OTB Ventures for thermal infrared satellite constellation
WASHINGTON (Hydrosat PR) — Hydrosat, the geospatial data and analytics company, announces a new Seed Round raising $10M to create its thermal infrared satellite constellation. Today’s funding brings Hydrosat’s total capital raised to over $15M. The oversubscribed venture round was led by OTB Ventures, a leading European venture firm with a dedicated space investment vehicle, OTB Space Program I. Freeflow Ventures, Cultivation Capital, Santa Barbara Venture Partners, and Expon Capital also participated in the round.
Hydrosat began as a satellite company monitoring the water cycle to rapidly detect environmental stress brought about by climate change. Recent climate disasters, ranging from drought on the West Coast to flash floods on the East Coast of the United States, illustrates the growing importance of this technology as the world’s major governments meet this month for the United Nations COP26 Climate Change Conference.(more…)
Helsinki, FINLAND – September 22, 2020 – ICEYE, a World-leading SAR data provider, today announced the closing of a larger than planned $87M Series C funding, led by return investor True Ventures, with a significant additional investment by OTB Ventures.
ICEYE has so far successfully launched 5 satellite missions, starting with the first ever small SAR satellite launched in January 2018. The company is launching 4 additional SAR satellites this year and is on course to launch at least an additional 8 in 2021. This will grow the existing operational constellation into a capability that is unique in the World. To date, ICEYE has raised a total of $152M in financing.(more…)
- Newly launched space investment program supports $87m series C funding round for ICEYE
- Builds on OTB Ventures alliance with Draper Venture Network
AMSTERDAM, 22 September 2020 – OTB Ventures, a leading venture capital firm specialized in investments in technology companies originating in Central and Eastern Europe (CEE), today announces the launch of a dedicated investment vehicle to support Europe’s leading space technologies – OTB Space Program I – backed by the European Investment Fund and the European Commission through the InnovFin for Equity programme.(more…)