constellr Raises Funding to Close to €17M Seed Round


constellr, a Freiburg, Germany- and Brussels, and Liege, Belgium-based provider of smart farming services for the agricultural sector, raised a Seed funding of undisclosed amount.

The round, which brought the total amount of the Seed to €17M, was led by Karista with participation from Einstein Industries Ventures and existing investors FTTF, Lakestar, Vsquared, Amathaon Capital, Natural Ventures, OHB Ventures and EIT Food.

The company intends to use the funds to help accelerate the deployment of its thermal satellites and expand its operations to North America.

Led by CEO Dr. Max Gulde, constellr is a pioneer in space-based temperature, water, and carbon measurement for the agricultural sector. The company launched its first system into space last year and has since been able to secure first major agrifood and institutional customers for its land surface temperature data product, celestr. With its first fully commercial HiVE (High-Precision Versatile Ecosphere Monitoring) satellite due to launch in 2024, early customers are already able to sign up via an Early Access Programme to reserve access to its high resolution data service at preferential rates