Value.Space secures £1.8m in seed funding to expand satellite-based infrastructure monitoring
The oversubscribed round was backed by investors including Specialist VC and Superangel to accelerate growth.
Value.Space develops satellite-based monitoring technology designed to detect millimeter-scale anomalies in large infrastructure assets. The platform serves the insurance industry by providing structural health assessments for dams, mines, and commercial properties.
Value.Space has secured £1.8m in a seed funding round to accelerate its commercial expansion. The investment was backed by a syndicate of venture funds including Specialist VC and Superangel, alongside other backers.
The London-based startup uses satellite data to monitor structural integrity and assess insurance risks for large infrastructure projects. The fresh capital will be deployed to increase market share and broaden product offerings across the financial sector.
From the founder
"We are delighted to have excellent investors backing our growth. The facts speak for themselves: in March, Swiss Re estimated that in 2021 natural catastrophes resulted in economic losses of $270 billion, of which $111 billion were insured losses. That is a big protection gap. We are now able to provide a new and scalable way to make risks and opportunities quantifiable that the insurance market needs to manage and absorb future risks."
Reijo Pold
Chief Strategy Officer at Value.Space
Investor perspective
"We believe Value.Space's novel satellite-based approach to monitoring and assessing risks related to critical infrastructure has the potential to transform the way these objects are profiled and maintained. We are excited to back the founding team whose vision and product help detect climate change related risks in aging infrastructure, significantly increasing public safety."
Gerri Kodres
Founding Partner, Specialist
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
About the company
Value.Space
Value.Space develops satellite-based risk profiling technology for aging infrastructure.