IMAP has successfully advised OroraTech, the world leader in satellite-based wildfire intelligence, on its Series B funding round. The EUR 25 million round was led by Korys, the European Circular Bioeconomy Fund (ECBF), and long-standing investor Bayern Kapital. Additional contributions came from established investors Edaphon Private Impact Fund, Ananda Impact Ventures, ConActivity KG, and Findus Venture. The Series B funding will fuel OroraTech’s strategic growth phase, with a focus on key global markets along with enhancing the company’s predictive AI capabilities and orbital sensor network.
“Our investment in OroraTech highlights our dedication to nurturing innovative companies that leverage technology for the benefit of our planet. We selected OroraTech for their pioneering satellite-based wildfire detection platform and are thrilled to support their ground-breaking efforts to reduce carbon emissions and combat the consequences of climate change,” say Frederik Simoens, Investment Director, and Karel Van Cleemput, Senior Investment Manager at Korys.
Monica Steger, CEO of Bayern Kapital, emphasized the importance of reinvesting in OroraTech: “We’ve been proud supporters of OroraTech from the beginning. Their wildfire detection and monitoring solutions are proving to be vital tools in the global fight against climate change and destructive wildfires.”
OroraTech is revolutionizing wildfire management by leveraging real-time satellite data, combining satellite imagery, artificial intelligence, predictive algorithms, and data analytics to detect, monitor, and predict the movement of wildfires with unprecedented accuracy. OroraTech’s solution enables organizations to respond more effectively to wildfires, mitigating damage, reducing costs, and ultimately saving lives.
Martin Langer, CEO of OroraTech, expressed his excitement about the future: “We are thrilled to welcome Korys, ECBF, and all our partners as we embark on this next phase of our journey. Their strategic support, combined with the continued confidence from our existing investors, will be pivotal as we enhance our technology and grow globally. Together, we are poised to make significant strides in eradicating the devastating impact of wildfires worldwide.”
The IMAP team, including Mathias Heymann, Florian Müller, and Birgit Roosileht, exclusively advised OroraTech throughout the funding round.
About Korys:
Korys is an independent investment company of the Colruyt family managing over EUR 4 billion in assets, with a mission to create sustainable value through investments in three ecosystems: Conscious Consumer, Healthy Living, and Energy Transition.
About ECBF:
The European Circular Bioeconomy Fund (ECBF) is a venture capital fund focused on accelerating the growth of innovative companies in the bioeconomy sector across Europe. With a focus on fostering sustainable technologies that contribute to the circular economy, ECBF invests in companies that align with their vision for a more resource-efficient future.
About Bayern Kapital:
Bayern Kapital is a venture / growth capital company of the Free State of Bavaria, supporting innovative high- and deep-tech companies from seed to later stage in Bavaria. Since it was founded in 1995, the wholly owned subsidiary of LfA Förderbank Bayern has invested over EUR 500 million of its own equity capital in more than 320 start-ups and scale-ups from sectors such as life sciences, software & IT, materials & new materials, nanotechnology and environmental technology.
