Estonian-founded insurtech Value.Space raises €2.1M in a seed round
10 May, 2023, 14:35
The London-based startup Value.Space that conducts assessments for commercial properties and infrastructure globally using satellites has raised €2.1 million to accelerate its growth. Specialist VC, Superangel, Lemonade Stand, Inventure, BADideas.fund, and angels participated in the round, according to Tech.eu.
- Value.Space was founded in 2022 by Reijo Pold, who serves as Chief Strategy Officer, and Agu Leinfeld, Chief Technology Officer. It combines InSAR technology, artificial intelligence for pattern recognition, predictive analytics and satellite imagery to provide infrastructure monitoring reports for commercial assets and critical infrastructure that are accessible for stakeholders across different industries.
- The fresh round was backed by Tallinn-based Specialist VC that supports startups from the Baltic region, NY Superangel, an early stage fund that invests in consumer, proptech and future of work, and Estonian VC fund Lemonade Stand. Inventure, BADideas.fund, Amalfi and Linnar Viik, the former IT-advisor to the Prime Minister of Estonia also joined the investment.
“Solid backing from investors will help us to boost the capture of market share with our pioneering product for the insurance industry and quickly expand our product offer to other segments in the finance industry,”Reijo Pold says about the company’s plans.