Rezatec announces completion of £2m financing to expand delivery of geospatial data analytics to customers worldwide
Rezatec closes £2m financing round and focuses on accelerated sales of Rezatec satellite-driven data analytics to customers in Europe, USA and Asia-Pacific.
Rezatec, the leading provider of geospatial data analytics to the Infrastructure, Forestry and Agribusiness sectors, today announced completion of the second phase of a £2m financing round. Caphaven Partners led completion of the two-stage round with support from existing investors Run Capital and new investor Newable Private Investing (“NPI”) through its Scale Up Fund 1. The capital secured underpins continued expansion of Rezatec’s commercial customer base in its target markets.
Rezatec algorithms process optical and radar satellite data with ground-based sensor data to deliver predictive and dynamic monitoring analysis to its customers. Customer access to data is provided via an annual subscription model. The Company’s analytics target critical commercial needs such as commodity crop yield optimisation, forest inventory management and identification and prediction of pipeline network leakage. Rezatec automated and scalable products deliver substantial payback for customers across areas of interest that range in size from a square mile to millions of acres dependent upon the targeted commercial need.
“We are making rapid progress with subscription sales of our geospatial data analytics for customers in our target markets worldwide,” said CEO Patrick Newton. “The support of our investors in this round has helped us continue on our fast growth track as we deliver proven products to new and existing customers. As we continue on this growth trajectory, we anticipate further financing rounds to ensure that we strengthen and consolidate our market position in the period ahead.”
Anthony Clarke, Managing Director of NPI Limited added, “Rezatec is a great example of an innovative company that uses geospatial data analysis techniques to provide actionable commercial insights to its customers. The company’s technology is already being used by a significant number of notable clients and our investment will now drive further commercial growth.”
Cornel Riklin, Managing Partner of Caphaven Partners said, “We are very pleased to have led this round of investment in Rezatec. The company has developed and is now selling worldwide a suite of scalable products that generate large sustainable returns for its customers in the forestry, utility and agribusiness sectors.”
Andrey Romanenko, Managing Partner of Run Capital commented, “Rezatec have delivered solid progress and we fully support the team to further execute their vision. We’re glad to have added the company to our portfolio at an earlier stage.”
Rezatec proprietary algorithms process data inputs from satellite, airborne and ground sensors to predict outcomes for key assets across a range of industry verticals. Users access Rezatec analytics through subscription to the Rezatec geospatial portal. Rezatec enables yield optimisation for commodity crops in the Agribusiness sector; identifies harvestable inventory in the Forestry sector; and pipe bursts and subsidence movements in the Infrastructure domain. Rezatec users include major utilities, agribusinesses, large forestry groups, consulting partners and governments worldwide.
Rezatec™ helps businesses better manage their land-based assets by making use of the increasingly sophisticated but complex array of Earth Observation (EO) imagery and data available. We do this by aggregating large amounts of diverse data from satellites, airborne sensors and ground instruments, applying our proprietary algorithms and modelling to deliver high value, unique critical decision support for our customers. We deliver our data analytics through subscription based access to our geospatial portal. For more information about Rezatec visit www.rezatec.com.
About Caphaven Partners
Caphaven Partners invests in companies with enterprise values of up to £50 million which have strong earnings growth or turnaround potential and which are operating in a favourable market environment. Caphaven’s focus is on adding value to its portfolio companies by actively supporting management in identifying and realising new opportunities to grow their business or improve its profitability.
About Run Capital
Run Capital, established in 2014, is a venture capital firm with focus on early stage tech companies. The firm is managed by a prominent Russian entrepreneur Andrey Romanenko (co-founder of QIWI plc). For more information about Run Capital visit www.runcapital.vc.
About Newable Private Investing Limited
Newable Private Investing (formerly London Business Angels) is a leading provider of early stage equity finance to potentially high growth companies through its sector focussed private investor groups, proprietary funds and co-investment partners. NPI is part of the wider Newable group https://www.newable.co.uk/private-investing/.
For editorial enquiries contact:
Patrizia Casoni, Marketing Manager, Rezatec Limited
Tel: 01865 817564, Email: [email protected]