ISU MSS 2024

Unseenlabs Raises €85 million in New Fundraising Round

BRO-12 and 13. Credit: Unseenlabs

Ibadan, 28 February 2024. – Unseenlabs has announced the closure of its fundraising round of €85 million, marking a new milestone in its development. This new funding round brings together new leading investors: Supernova Invest, ISA LT via its Strategic Transition Fund and UNEXO. All of Unseenlabs’ historical partners – 360 Capital, OMNES, Bpifrance, Breizh Up managed by UI Investissement, and S2G Ventures – also reaffirmed their support for this new phase by investing in the new funding round.

This new fundraising will consequently enable Unseenlabs to intensify its technological innovations and expand its service offering while strengthening its goal as a global leader in RF signal detection. Investors, attracted by the technological breakthrough brought by Unseenlabs and the strength of its economic model, are committed to supporting the company’s long-term vision.

Unseenlabs aims to revolutionize maritime surveillance through its proprietary technology for detecting radio frequency signals from ships, enabling precise geolocation of boats from space. It works with dozens of clients internationally, addressing various issues: securing maritime areas, protecting the seabed, tracking ships, combating piracy, etc. To date, the Unseenlabs constellation consists of 11 satellites in orbit located between 500- and 600-kilometer altitudes. The Company aims to deploy an additional ten satellites by the end of 2025, improving the performance of the constellation.

Speaking about the successful raise, Clément and Jonathan Galic, co-founders of Unseenlabs, said, “This reflects our steady progress and the continued confidence of our investors. This funding will allow us to accelerate our growth, particularly by developing new solutions and strengthening our presence in the private sector. ” The Cofounders also added, “We have the means to achieve our ambitions and are excited to continue this journey with our historical partners while welcoming new ones.”

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