“This investment is a strong vote of confidence in Hydrosat’s mission to tackle some of the world’s toughest challenges,” said Pieter Fossel, CEO and co-founder of Hydrosat. “By harnessing satellite data, we are equipping governments and agribusinesses with the tools to increase resilience, secure supply chains, and improve food production. The support of the Luxembourg Future Fund strengthens both our ability to scale globally and Luxembourg’s position as a leader in space innovation.”
By combining satellite imagery with advanced proprietary algorithms, Hydrosat provides near real-time insights into conditions such as soil moisture, crop health, and water use. These insights allow farmers to optimize irrigation to grow more food, while also helping food companies manage their supply chains.
“Our thermal infrared satellites and AI-powered analytics provide clear insights anywhere on Earth. This empowers policymakers, agribusinesses, and farmers to take the best actions backed up by real-time data” said Royce Dalby, the company’s President and co-founder, “With 3 billion people projected to face extreme water stress by 2050, according to the World Resources Institute, our solution is no longer optional – it is essential.”
Gilles Roth, Minister of Finance, said: “Granting access to venture capital finance to innovation – and sustainability driven companies like Hydrosat – demonstrates how Luxembourg’s dynamic ecosystem enables cutting-edge companies to thrive. Through the Luxembourg Future Fund 2 investment into Hydrosat, we are also strengthening Luxembourg’s position as a hub for sustainable finance and space technology, while supporting a company that creates both economic value and measurable environmental impact.”
Lex Delles, Minister of the Economy, SME, Energy & Tourism, added: “Hydrosat embodies the type of forward-looking entrepreneurship we want to foster in Luxembourg: they use cutting-edge space technologies to deliver concrete solutions for climate resilience. Supporting such innovation not only reinforces our competitiveness but also accelerates the transition to a more sustainable and resource-efficient economy.”
The LFF investment will directly support Hydrosat’s revenue and employment growth, as well as intellectual property development in Luxembourg. Currently the company employs more than 25 people in Luxembourg, most of whom hold a PhD degree. It plans to double this number by the end of 2026, with many roles in critical areas of machine learning and AI, geospatial remote sensing and environmental science research.
Headquartered in Luxembourg since 2018, with offices in the Netherlands and the United States, Hydrosat drives innovation at the intersection of climate resilience and advanced satellite technology. Product development and commercial operations are rooted in Luxembourg, in close collaboration with the Luxembourg Space Agency, the Luxembourg Institute of Science & Technology (LIST), and the Centre for Security, Reliability, and Trust (SNT).
– ENDS –
About Hydrosat
Hydrosat is the deep tech company leveraging thermal imagery to measure water stress and increase agricultural productivity. Hydrosat currently monitors millions of hectares for customers such as NOAA, NRO, Bayer, SupPlant, and Nutradrip, who trust the company’s high-resolution, timely satellite thermal imagery to deliver advanced analytics that convey precise crop yield forecasts and improved irrigation tools to financial and agribusiness customers around the globe. For more information, please visit www.hydrosat.com
Hydrosat press contact: Christine Vlachou, cvlachou@hydrosat.com, tel +352 661 41 34 81
About SNCI
Société Nationale de Crédit et d’investissement (SNCI) is a public banking institution that specialises in granting access to finance to Luxembourg-based commercial companies with a strong focus on SMEs. It co-finances businesses at every stage of their development having a positive impact on Luxembourg’s sustainable economic diversification. SNCI intervenes either directly or indirectly through loans to partially cover the financing of startup, expansion, transfer or innovation projects. SNCI also acquires and manages holdings in companies and investment funds that are strategically important for the development and diversification of Luxembourg’s economy. www.snci.com
SNCI press contact: communications@snci.lu , +352 46 19 71 1
About EIF
The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe’s micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments, which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment. For more information, please visit www.eif.org.
EIF press contact: Tim Smit, t.smit@eib.org, +352 691 28 64 23