The insurtech startup has raised seed funding from SFC Capital and the European Space Agency to develop its technology and grow the team.
"The insurance industry is changing and adapting to the world as it evolves. Climate change is a challenge for many industries and it is innovative technology like BirdsEyeView that will help the industry to move forward. We are very excited to be a part of BirdsEyeView’s growth journey and look forward to supporting the team in as many ways as possible."
The investment from backers including SFC Capital will accelerate the manufacturing of the Twinkle satellite ahead of a Series A round.
"We at SFC Capital are pleased to support the growth of Blue Skies Space as they prepare themselves to secure Series A funding for the construction and launch of their first satellite. The SFC EIS Fund supports the best performers from our portfolio of over 300 companies and Blue Skies Space is a great example of a company that has made impressive progress since our original investment in 2018."
The pre-seed investment was led by SFC Capital to support product development and team expansion.
"High attrition rates in professional services mean that new generations of lawyers and accountants don’t want to spend their time on menial administrative tasks. This has a knock-on effect on support staff and in legal firms specifically, secretaries are working for an increasing number of lawyers, with the ratio expected to be 20 legal professionals per secretary by 2027. Our platform delivers richer, more insightful transcriptions and analytics for remote collaboration"
SFC Capital led the pre-seed investment round to support product development and team expansion.
"One of the biggest barriers faced by Gen-Z investors is developing the knowledge and confidence to decide what to invest in. More investors want autonomy over how they invest their money, especially when it comes to themes like ESG and impact investing. Communicating these financial concepts clearly has become even more important. We produce TikTok-style short-form content to make that part of the journey effortless and engaging, working with financial institutions and verified content creators."