German climate risk startup LiveEO has received €25 million in a Series B investment round to expand sales internationally of its software. The round was led by the Helsinki-based VC firm NordicNinja, DTCF | DeepTech & Climate Fonds also participated. The deal is the first investment in Germany for NordicNinja VC.

About LiveEO

  • Founded in 2018 by Daniel Seidel and Sven Przywarra, LiveEO is a provider of earth observation technologies and solutions which provide actionable insights for businesses, resulting in increased safety, efficiency, and sustainability. The startup’s team consists of 130 people.
  • The startup has customers around the world, including North America, Europe, Japan, and Australia. Among them are Europe’s largest railway operator, Deutsche Bahn to safeguard its assets, helps a Nigerian pipeline operator tackle oil theft and reduce million-dollar losses and helps to curb illegal logging in Moldova. Other notable customers include E.ON, Iberdrola, and Network Rail.
Image by LiveEO:
founders, Daniel Seidel and Sven Przywarra

Investment details

  • The leading investor in the fresh round is NordicNinja, the largest Japanese VC based in Europe backing companies tackling the world’s carbon footprint with a focus on climate tech, deeptech, and digital society. LiveEO is also its first investment in Germany.
  • Other investor in the round also included DeepTech & Climate Fonds, a new German investment fund supporting support deep tech and climate tech companies on their long-term growth path.

The funding will be used to scale LiveEO AI-powered satellite data for actionable insights to help critical infrastructure operators manage climate risks.

In March 2024, NordicNinja also co-led $24 million round for Griffin, UK’s banking platform.

Finland’s NordicNinja co-leads $24M round for Griffin, UK’s banking platform