LiveEO announced that has secured €19M in funding in what is one of the largest investments to date in Earth Observation in Europe.
The round was led by MMC Ventures and includes €17M of venture capital, as well as further funds from the European Commission and Investitionsbank Berlin. All existing shareholders continue to back LiveEO and have participated in the round, including Dieter von Holtzbrinck Ventures (DvH Ventures), Helen Ventures, Matterwave, and motu ventures. Segenia Capital and Hannover Digital Investments (HDInv) have joined the round as new investors alongside MMC.
Since its €5.25M Series A round in 2021, the company has more than doubled its headcount, tripled its revenue, signed new customers across five continents, and strengthened our market-leading position in infrastructure monitoring.
Deep tech investor MMC has shown great interest in the NewSpace ecosystem, and identified Earth Observation as a fast-growing market. The investment round is a testament to this assessment.
The new funds will accelerate the company's global market expansion for its infrastructure monitoring products and fund entry into new markets such as insurance. New investor HDInv under leadership of Ulrich Wallin, will support product development and go-to-market for the insurance sector, where LiveEO can contribute to better-informed decision making.
Co-founder and co-CEO of LiveEO, Daniel Seidel
We are kicking off the third big wave of commercialisation of the space industry. After huge investments in rockets and satellites in the past years, it is time for companies like us to develop highly automated applications which translate data from hundreds of Earth Observation satellites into real value for end-users.
Sven Przywarra, Co-founder and Co-CEO of LiveEO
It is exciting to see that our vision, as well as our execution so far, has attracted interest and investment from both top-tier venture capital firms as well as the public sector. We want to bring insights derived from space imagery to every global value chain, and continue to focus on human-centred applications. This financing round brings us a significant step closer to that goal.
