Astrea Raises $6.5M Series A from Climate-Focused VCs
Satellite intelligence startup Astraea raised a $6.5 million Series A round led by Aligned Climate Capital and Carbon Drawdown Collective to commercialize its geospatial platform focused on climate change.
Astraea’s software platform, EarthAI uses geospatial data from more than 1,000 satellites, along with AI to provide insights in clean energy, agriculture, conservation, carbon finance, and real estate. The company describes its product as “everything you need to leverage geospatial data in one place,” and said it has already worked with agriculture companies and conservation organizations for sustainable land use and to monitor carbon offset projects.
Aligned Climate Capital, an asset manager focused exclusively on companies and real assets that are decarbonizing the economy, invested $3 million in the Series A round.
“We are grateful to have Aligned Climate Capital and Carbon Drawdown Collective as partners in this next phase of scaling our business,” said Brendan Richardson, CEO of Astraea. “They both recognize the incredible potential for satellite data and analytics to vastly accelerate the energy transition and decarbonize at scale. We couldn’t be more excited to continue this work with
Astraea is headquartered in Charlottesville, Virginia, and announced the oversubscribed round on Monday. CAV Angels, Tydall Investment Partners, the University of Virginia (UVA) Seed Fund invested as well. The company plans to use the funds to support business development, hire data scientists, and expand commercial partnerships with satellite data providers.