Rezatec, a Harwell, Oxfordshire, UK-based geospatial data analytics company, received a growth debt facility from Harbert European Growth Capital.
This deal – of undisclosed amount – was in additon to its £2m seed round equity financing round raised earlier in 2018.
The company intends to use the funds to expand customer acquisition across North America, Africa and Asia Pacific and increase its portfolio of proprietary geospatial technologies in the coming months.
Led by Patrick Newton, Chief Executive Officer, Rezatec delivers scalable satellite data analytics to optimize the use of natural and man-made assets in the Forestry, Water, Agriculture and Infrastructure sectors. The company applies data science to satellite imagery and geospatial data to deliver cloud-based analytics to customers owning and operating distributed land-based assets.
Customers are leaders in their respective industries in the water, agriculture, infrastructure and forestry sectors.