Constellr closes financing round
Lars-Thorben Niggehoff
| 04.11.2022
The space start-up raises ten million euros from prominent backers. Now it wants to further develop its plant monitoring technology.
Freiburg-based satellite start-up Constellr has raised ten million euros in a financing round. This is led by venture capitalists Lakestar and Vsquare Ventures. FTTF, IQT, Amathaon Capital, Natural Ventures, EIT Food, OHB Venture Capital, Next Humanity and Seraphim are also participating.
Constellr is a spin-off of the Fraunhofer-Gesellschaft for Applied Research. The startup aims to use satellites to monitor the water content of crops and agricultural land to identify early on where there is an increased need for water.
Constellr CEO Max Gulde expressed his satisfaction in light of the successful financing round. "Together, we have just ignited the second stage on the way to a global water monitoring system," said the start-up's co-founder.
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Startup
2020
Freiburg i. Breisgau
ConstellR
Technology for monitoring land surface temperatures from space.
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