constellr, a Freiburg, Germany-based space data and services company, raised $10M in Seed funding.
The round was co-led by Lakestar and VSquared, with participation from FTTF, IQT, Amathaon Capital, Natural Ventures, EIT Food, OHB Venture Capital, Next Humanity, and Seraphim.
The company intends to use the funds to develop its first two satellites, conclude its existing pilot programs and develop its processing platform.
Spearheaded by researchers Max Gulde, Marius Bierdel and Christian Mittermaier, constellr leverages proprietary space infrastructure with sensing capabilities to offer water monitoring for the agricultural sector worldwide. The company provides global data for smart crop monitoring, identifying changes in crop health days to weeks before they become visible and enabling farmers to react early to and mitigate for potential crop risks and losses. This advanced warning means the risk of crop failure or damage is reduced, allowing more accurate crop yield forecasting and thus stability and management across supply chains.
constellr is currently working with large agrifood, agrichemistry and smart irrigation organizations. It currently counts over 40 team members with roots in aerospace engineering, insurance, clean tech, finance and data science.
FinSMEs
07/11/2022