GEOSPATIAL INSIGHT RAISES SERIES A FUNDING

GEOSPATIAL INSIGHT RAISES SERIES A FUNDING TO SCALE VISUAL INTELLIGENCE SERVICES GLOBALLY

UNITED KINGDOM | 5th SEPTEMBER 2017

 GEOSPATIAL INSIGHT RAISES SERIES A FUNDING TO SCALE VISUAL INTELLIGENCE SERVICES GLOBALLY

Geospatial Insight, the UK’s leading independent visual intelligence provider, announced today a Series A growth equity investment led by venture capital firm, VenturesOne.

The financing will be used to fund Geospatial Insight’s global expansion including further investment in its market-leading technology and new information product streams.

This follows an initial investment by Midven, the Birmingham based venture capital company, through the Exceed Partnership Fund in December 2014.

Using a combination of machine learning, big data analytics and based upon an in-depth knowledge of geospatial techniques, Geospatial Insight provides deep-dive analytics in a range of sectors including financial, trading markets and insurance.

This specialist skillset puts Geospatial Insight at the forefront of the explosion of geospatial data and machine learning development in order to rapidly deliver radically new insights into key events and trends around the world.

 

Rafael Aldon, Director at VenturesOne Asia, will join Geospatial Insights’ board of directors.

He said today: “As venture investors, we see a lot of tech companies, and we were hugely impressed by Geospatial Insights’ technical capability and customer-centric approach.”

“Insight accuracy and timeliness are critical buying factors for customers who are now discovering the game-changing impact visual intelligence can play. In this field, Geospatial Insight is second to none, and we’re excited to be working together to create a global market leader.”

David Fox, CEO of Geospatial Insight said: “With a presence in The Netherlands and Singapore, VenturesOne is the ideal partner as we continue to scale our business globally. We’re excited to have a partner on board that not only provides us with growth capital, but also access to strategic connections in our core markets, such as insurance and financial services both in Europe and Asia.” Beyond intelligence for improved corporate decision-making, Geospatial Insight can empower governments and policy makers with actionable data on some of mankind’s most pressing global issues.

These include the prediction of crop yields to combat food shortages in the developing world, tracking industrial and agricultural greenhouse gas emissions and illegal deforestation to enforce laws designed to combat the acceleration of climate change.

Geospatial Insight (www.geospatial-insight.com) is one of Europe’s leading providers of independent research derived from the analysis of satellite and aerial imagery. A trusted provider of highly accurate, actionable intelligence, Geospatial Insight empowers global decision makers to consistently make the right calls.

VenturesOne (www.venturesone.com) partners with ambitious and talented entrepreneurs, to help them build successful and enduring companies. VenturesOne funds early growth stage companies, supplying capital, skills, know-how and a strong international business network. They are active in Europe and Asia, operating from offices in The Hague and Singapore.

 Midven Limited (www.midven.co.uk) is a privately owned commercial fund manager with a successful track record of investing in small and medium-sized enterprises in the Midlands. The Exceed Partnership Fund was launched in March 2010 to provide expansion and development capital to West Midlands based businesses.

For further info:

 David Fox, CEO, Geospatial Insight

dave.fox@Geospatial-insight.com

Rafael Aldon, Director, VenturesOne Asia

rafaelaldon@venturesone.com

Helix PR – PR Consultant                                                                                  +65 6222 6375

Edward Ion, Managing Partner

edward.ion@helixpr.asia