Investor's Note May 6, 2026

The News. Our portfolio company LiveEO has announced the first closing of its latest funding round at more than €28 million. The capital will scale LiveEO's civil infrastructure business and accelerate its strategic push into dual-use defense and security applications. The full press release is available here.

Why we invested early. When we first backed LiveEO, satellite-based infrastructure monitoring was still considered niche. What convinced us was not just the technology, but the founders' clarity of vision: Daniel Seidel and Sven Przywarra were not building yet another Earth observation tool – they were building the operating system for how critical infrastructure would be managed in a world of climate pressure, aging assets and growing complexity. That bet has played out across five continents, with leading utilities, pipeline and railway operators relying on LiveEO today.

Why this round matters. What is happening right now is a rare convergence. The civil infrastructure world is moving from periodic, manual inspections toward continuous, satellite- and AI-enabled risk intelligence. At the same time, the defense world is recognizing that the same geospatial capabilities are essential for security and sovereignty. Germany alone has committed €35 billion to space infrastructure as part of its industrial and defense strategy. Few companies sit as cleanly at this intersection as LiveEO, with a proven commercial business, its own satellite constellation Twinspector, and agentic AI that turns data into autonomous action at scale. This is the moment European deep tech has been waiting for – and LiveEO is one of the companies positioned to define it.

What's next. We are proud to continue supporting Daniel, Sven and the entire LiveEO team on their journey toward becoming a company that could define European geospatial intelligence for decades. There is, in our view, no more important time to build sovereign European capabilities in geospatial intelligence – and no team better placed to do it.

— Kim Duc Quyen Tran, Partner at DvH Ventures