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Wyvern raised $6M in a strategic investment round led by Squadra Ventures to expand its market presence in the US.

Oct 18, 20249 months ago

Amount Raised

$6 Million

EdmontonScience And EngineeringSoftware

Investors

Brent PerrotAccelerate Fund IiiUniversity Of Alberta Innovation FundY CombinatorUncork CapitalSquadra Ventures

Description

Wyvern, a Canadian satellite imaging startup, secured an $8.2 million CAD ($6 million USD) funding round led by Squadra Ventures. The investment will be used to penetrate the US market and meet the growing demand for imaging solutions across various sectors.

Company Information

Company

Wyvern

Location

Edmonton, England, United Kingdom

About

Wyvern is a space company located in Edmonton, Alberta, Canada delivering Earth Observation imagery from satellite platforms.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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