Hogenhouck M&A advised the Dutch companyVanderSaton securing an investment of several million fromSocial Impact Venturesto further develop its patented satellite technology. VanderSat maps water and soil moisture levels, thereby making agriculture more sustainable worldwide.
Satellite Data to Combat Food and Water Crises
This internationally operating company uses satellite data to accurately measure, on a global scale, where and how much water is present in the soil. Given the changing climate and the rapidly growing global population, this information is crucial in combating the food and water crises. With this investment, the company is able to further develop the technology and make more hectares of (agricultural) land more sustainable. Currently, the data is being used for more than 100 million hectares worldwide. Globally, 80% of all crop damage is related to water. The more precise the water data is, the better agricultural land can be utilized to achieve higher crop yields. Reliable and accurate data is essential for this.
Investment by Social Impact Ventures
Thijs van Leeuwen, CEO of Haarlem-based VanderSat: “This investment enables us to make an even greater impact. We are convinced that satellite technology will play a key role worldwide in combating the food and water crises. Thanks to our customers’ trust and constant feedback, we are building the best product together. The investment from Social Impact Ventures gives us even more momentum and confidence to move forward with this.”
Mapping 1 billion hectares of farmland
In addition to its technology, VanderSat has 20 years of scientific research under its belt, enabling it to map every part of the Earth with a resolution of 100 by 100 meters. To do this, the company uses so-called passive microwaves, a technology that measures the Earth’s natural radiation. The combination of scalable, unique technology and the potential to make a global impact has led to an investment from Social Impact Ventures.
Helmer Schukken, partner at Social Impact Ventures: “Especially in the current crisis, we as impact investors are convinced that we must continue to support and invest in businesses…”
