Earth Blox secures £1.5m in seed funding from Archangels to expand its global reach
Archangels has backed Earth Blox in a £1.5m seed round to support product development and market expansion.
Edinburgh-based technology company providing a platform that links environmental and satellite data with financial performance to assess nature and climate risks.
Scottish technology firm Earth Blox has secured £1.5m in a seed round led by business angel syndicate Archangels. The capital will enable the company to scale its product, increase data sources, and expand into new markets including agriculture and finance for asset management.
Earth Blox provides a cloud based SaaS platform that removes technical barriers to earth observation data. The company already counts organisations such as the United Nations and Shell Nature Based Solutions among its customers.
From the founder
"We are very pleased to secure this funding from Archangels and join a strong portfolio of businesses in the life sciences and tech sectors. Investment into innovative businesses like ours is vital to growth in all areas, from customer acquisition to building a great team. This investment will help us develop Earth Blox as a scalable SaaS and get the power of Earth observation insights into the hands of a range of users around the world."
Genevieve Patenaude
CEO and founder at Earth Blox
Investor perspective
"Earth Blox is pioneering the way companies and organisations can access and use satellite data to make better business decisions about the world and how it’s changing."
Niki McKenzie
Joint Managing Director, Archangels
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
Earth Blox
Earth Blox provides environmental analytics to help organisations assess climate and nature risks.