SatVu, a London-based thermal intelligence company that reveals operational activity and infrastructure performance from space, has closed a €34 million (£30 million) funding round bringing its total equity funding to €68 million (£60 million), as it accelerates from single-satellite demonstration to execution of a multi-satellite constellation.
The round completes with a strategic investment from the NATO Innovation Fund (NIF), together with British Business Bank, Space Frontiers Fund II (with SPARX Asset Management Co. Ltd. as the Fund Manager), and Presto Tech Horizons. The round also includes prior participation from existing investors Molten Ventures (as lead), Adara Ventures, Ridgeline Ventures, NOA, Lockheed Martin, Seraphim Space Fund and Stellar Ventures.
SatVu was previously mentioned back in 2025 with our coverage of Adara Ventures’ first close of €100 million Adara Ventures IV Fund – where the company was listed among the VC’s portfolio.
Anthony Baker, co-founder and CEO says: “SatVu was founded to give governments access to intelligence they cannot access elsewhere. High-resolution thermal imagery from space reveals activity that is otherwise invisible – day and night – including heat signatures associated with operations inside and around buildings and critical infrastructure.”
“This allows governments to assess activity, readiness, and operational change – a critical new data layer that matters for defence, security, and sovereign decision-making.”
SatVu’s €34 million round comes amid a steady flow of capital into European SpaceTech in 2025–2026.
Recent EU-Startups coverage includes Marble Imaging (Germany), which raised €5.3 million to scale very-high-resolution Earth observation ahead of its first satellite launch; Titan4 (Italy), which secured €4 million to expand its satellite-based Earth intelligence platform; Infinite Orbits (France), which raised €40 million to grow its in-orbit servicing capabilities; Kreios Space (Spain), which secured €8 million to advance very low Earth orbit propulsion technology; Reflex Aerospace (Germany), which raised €50 million to scale sovereign satellite platforms; and U-Space (France), which closed a €24 million round to accelerate satellite production and constellation deployment.
Together, these disclosed rounds total approximately €131.3 million, and around €181.3 million when including Reflex Aerospace’s €50 million raise, indicating sustained investor backing for satellite infrastructure, Earth observation and sovereign space capabilities across Europe. Within this context, SatVu’s €34 million raise positions the UK company alongside a cohort of European SpaceTech firms scaling constellation infrastructure, data services and strategic autonomy capabilities, although no other UK-based company in this immediate peer group has been reported in the same period.
Camilla Taylor, Chief Financial Officer at SatVu, adds: “This funding secures SatVu’s path to execute at scale. We have a clear and credible path to a multi-satellite constellation, accompanied by investors that match the ambition and pace of the business.
“This round provides the ability to move fast into sustained delivery this year – driving a major value inflection as we scale commercial operations and position the business for its next growth phase.”
Founded in 2016, SatVu is a thermal intelligence company delivering high-resolution insight from space for government and defence customers. Its thermal imagery captures day and night activity at 3.5m resolution, enabling the detection and assessment of operational change across complex and contested environments.
Built to support sovereign and national security requirements, SatVu’s capability provides trusted intelligence for defence, security and critical infrastructure monitoring – including activity associated with operations inside and around buildings and strategic assets. This delivers an ISR advantage where visibility, resilience and independent insight are essential.
The company delivers key industrial activity data and consequential climate data – from monitoring blast furnaces, cement production and data centres, to detecting flaring intensity and shutdowns in oil and gas operations, and power production including solar farms.
“This investment enables us to scale a UK-built, sovereign thermal capability into a multi-satellite constellation supporting government customers in the UK and across Allied nations worldwide. From monitoring critical infrastructure and military supply chains, to detecting covert activity and verifying what others cannot, thermal intelligence is essential to modern ISR.
“This round strengthens our ability to deliver at scale, accelerating our strategy and increasing our agility to respond to evolving defence and security requirements – positioning SatVu to be the partner of choice for nations that cannot afford uncertainty in an increasingly contested world,” adds Anthony.
SatVu has two satellites planned for orbit in 2026 and an additional three initiated under contract, mapping a path to deliver a multi-satellite constellation. While a single satellite can observe any point on Earth, a constellation increases revisit frequency – enabling persistent monitoring of activity and operational readiness, and allowing customers to track patterns of life and operational change throughout the day.
HotSat-2 and HotSat-3 are planned for orbit in 2026, while HotSat-4 and HotSat-5 – together with long-lead elements of HotSat-6 – are now under contract.
As of January 2026, the company has secured €6.8 million (£6 million) in pre-orders ahead of the launch of HotSat-2.
Trisha Saxena, Senior Associate at the NATO Innovation Fund says: “SatVu’s thermal intelligence technology can provide governments and businesses across NATO nations with a level of detailed data that was simply not available before.”
“We are pleased to support SatVu as it revolutionises the earth observation market, delivering critical insights to the security, finance and commodities sectors to help safeguard defence and economic activity across the Alliance.”
This funding enables SatVu to accelerate the delivery of a high-resolution thermal constellation designed for persistence, reliability and global relevance.
SatVu’s development has been supported by UK government defence innovation programmes, including an ongoing Defence Innovation Loan awarded through the Defence and Security Accelerator (DASA), now part of UK Defence Innovation.
Luke Pollard, Minister of State for the Ministry of Defence, comments on the raise: “We are committed to strengthening national security by scaling British SMEs and startups which help keep the UK’s defence industry at the cutting edge of innovation.
“Last year we backed SatVu with a defence innovation loan, which has already helped spark £30 million further private investment through this funding round. Our support for defence firms through UK Defence Innovation is building British sovereign capabilities and driving economic growth across the country.”
Read the orginal article: https://www.eu-startups.com/2026/02/uk-thermal-intelligence-startup-satvu-secures-e34-million-to-scale-multi-satellite-constellation/
