The incubated Spotlite raised 1.5 million euros in a seed round.
According to Martino Correia, Spotlite’s co-founder, this new funding is an opportunity to accelerate Spotlite’s development when it comes to product development and commercial expansion and the increase of its team.
The funding comes fresh on the back of Spotlite’s successful entry into the UK market. The startup won a UK Tech Rocketship Award in Portugal and attended the London Tech Week last June, where it was one of the semi-finalists.
The funding round was led by Indico Capital
and EDP Ventures
with participation from Portugal Ventures
Founded in 2017 by Ricardo Cabral and Martino Correia, Spotlite is a startup that offers an infrastructure monitoring SaaS (Software as a Service) solution based on satellite imagery that provides risk analytics and recommendations and allows for early detection of potentially harmful events.
Know more about Spotlite here