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British Satellite scale-up raises £15m to help battle Climate Change

On December 24th, 2021

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British satellite scale-up Satellite Vu, founded in 2016, has successfully raised £15 million ($20.7 million), as it looks to ramp up its plans to launch seven thermal and infrared imaging satellites into space that will be able to provide real-time data on how green every building on the planet is.

Satellite Vu’s latest funding round of £15 million ($20.7 million), which was oversubscribed, was led by the Seraphim Space Investment Trust Plc, the world’s first listed Space Tech Fund. Also investing in the round is Draper Esprit; A/O PropTech, Europe’s largest proptech VC; Ridgeline Ventures; Earth Science Foundation; E2MC Ventures and Stellar Solutions/Ford Family Trust.

The funding round highlights Satellite Vu’s rapid growth, with the company having raised its seed round funding of £3.6 million ($5 million) just six months ago.

REPOSTED FROM SATELLITEVU.COM - READ FULL ARTICLE HERE

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