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Satellite Vu Secures £13m Funding Boost

23 May, 2023

London-based SSIT portfolio company Satellite Vu secures a £13m funding boost at a premium to its previous evaluation. Satellite Vu is a climate technology specialist providing insights into energy efficiency and carbon footprints, through the use of thermal imaging to detect heat loss from buildings anywhere on Earth.

Sky News released that Molten Ventures has led a Series-A2 round, the new funding round also included backing from existing investors such as Lockheed-Martin, the London-listed Seraphim Space Investment Trust, and Earth Sciences Foundation. Its launch is scheduled to take place next month, using SpaceX, Elon Musk's commercial space venture. This round of funding will be used to accelerate the provision of its services to clients.

Patrick McCall, a venture partner at Seraphim Space and SatVu director, said: "In these extraordinary times of immense technological progress, Satellite Vu stands out as a trailblazing commercial enterprise at the forefront of harnessing space and data to revolutionise our approach to major climate change issues."

Patrick McCall, a venture partner at Seraphim Space and SatVu director, said: "In these extraordinary times of immense technological progress, Satellite Vu stands out as a trailblazing commercial enterprise at the forefront of harnessing space and data to revolutionise our approach to major climate change issues."