Singapore's Earth VC Joins $18M Funding Round for Finnish Earth Observation Company Kuva Space

The funding of €16.6 million ($17.85 million) has been successfully raised by the Finnish Earth observation business Kuva Space.

In a statement released last Thursday, Kuva Space announced that the financing round was headed by already-existing backers Voima Ventures and Nordic Foodtech VC, with participation from Singapore-based Earth VC.

Through a Finland-based growth funding effort with Springvest and non-equity capital from Business Finland, the round also includes Finnish private investors.

The business stated that it would expand the size of its workforce, introduce its artificial intelligence (AI) analytics platform, and quicken the development of its unique hyperspectral camera and space technologies with the help of the funding.