“This investment is a strong vote of confidence in Hydrosat’s mission to address some of the world’s toughest challenges,” said Pieter Fossel, CEO and co-founder of Hydrosat. “By leveraging satellite data, we provide governments and agricultural businesses with the tools they need to increase their resilience, secure their supply chains, and improve their 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 information on conditions such as soil moisture, crop health, and water use. This information enables farmers to optimize irrigation to produce more food, while also helping agribusinesses manage their supply chains.
“Our thermal infrared satellites and AI-powered analytics deliver clear insights from anywhere on Earth.” “This allows policymakers, agricultural businesses, and farmers to take the best possible action, supported by real-time data,” said Royce Dalby, president and co-founder of the company. “According to the World Resources Institute, 3 billion people are expected to face extreme water stress by 2050. Our solution is therefore no longer optional; it is essential.”
Gilles Roth, Minister of Finance, said: “By providing access to venture capital financing for innovative, sustainability-focused companies like Hydrosat, we are demonstrating how Luxembourg’s vibrant ecosystem enables cutting-edge businesses to thrive. Through the Luxembourg Future Fund 2’s investment in 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 a measurable environmental impact.” “
Lex Delles, Minister of the Economy, SMEs, Energy and Tourism, added: “Hydrosat embodies the kind of forward-looking entrepreneurship we want to encourage in Luxembourg: this company uses cutting-edge space technologies to provide concrete solutions for climate resilience. Supporting such innovation not only strengthens our competitiveness but also accelerates the transition to a more sustainable and resource-efficient economy.”
The LFF’s investment will directly support Hydrosat’s revenue and employment growth, as well as the development of intellectual property in Luxembourg. Currently, the company employs more than 25 people in Luxembourg, most of whom hold a PhD. It plans to double this number by the end of 2026, with many positions in critical areas such as machine learning and AI, geospatial remote sensing, and environmental science research.
“Hydrosat embodies the type of future-oriented entrepreneurship we want to encourage in Luxembourg: this company uses cutting-edge space technologies to provide concrete solutions for climate resilience. Supporting such innovation not only strengthens our competitiveness but also accelerates the transition to a more sustainable and resource-efficient economy.” Based in Luxembourg since 2018, with offices in the Netherlands and the United States, Hydrosat is a driving force for innovation at the intersection of climate resilience and cutting-edge satellite technologies. Product development and commercial operations are based 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).
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About Hydrosat
Hydrosat is a leading technology company that uses thermal imaging to measure water stress and increase agricultural productivity. Hydrosat currently monitors millions of hectares for clients such as NOAA, NRO, Bayer, SupPlant, and Nutradrip, who rely on the company’s high-resolution, real-time thermal satellite imagery to provide advanced analytics that enable accurate crop yield forecasting and improved irrigation tools for clients in the financial and agribusiness sectors worldwide. For more information, please visit www.hydrosat.com.
Hydrosat Press Contact: Christine Vlachou, cvlachou@hydrosat.com, tel. +352 661 41 34 81
About SNCI
The Société Nationale de Crédit et d’Investissement (SNCI) is a public banking institution specializing in providing access to financing for commercial enterprises based in Luxembourg, with a strong focus on SMEs. It co-finances companies at every stage of their development, thereby positively impacting Luxembourg’s sustainable economic diversification. SNCI intervenes either directly or indirectly through loans to partially finance start-up, expansion, business transfer, or innovation projects. SNCI also acquires and manages stakes in companies and investment funds that are strategically important for the development and diversification of the Luxembourg economy. www.snci.lu
SNCI Press Contact: communications@snci.lu, +352 46 19 71 11
About EIF
The European Investment Fund (EIF) is part of the European Investment Bank Group. Its primary mission is to support micro, small, and medium-sized enterprises (SMEs) in Europe by helping them access finance. The EIF designs and develops venture capital and growth capital instruments, guarantees, and microfinance instruments specifically targeting this market segment. In this role, the EIF promotes the EU’s objectives 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