Second ESA BIC Bavaria Alumni CloudEO Plans IPO

As the second startup of ESA BIC Bavaria, the alumni CloudEO plans its IPO at Toronto Stock Exchange in Canada in the coming months. After a series A funding last summer valued at EUR 2.4 million, the startup received EUR 5 million within a pre-IPO round. Additionally, the entrepreneurs plan to start an Initial Coin Offering (ICO) for their Cloudeo-Blockchain-Token during next months.

CloudEO is a unique portal for all those who create, interpret, and use geodata. There is a vast amount of geodata available, and there are countless applications that interpret this data. CloudEO brings them together in an easy, cost-efficient way. All players in the EO and geomarket benefit:

  • Data and content providers gain additional revenue from geodata
  • Geo-IT developers gain the ability to access geodata, demonstrate and offer products, and find development partners
  • Service providers gain a platform for developing and delivering geodata services online

The pioneering startup CloudEO joined the ESA BIC Bavaria family in 2013.

The ESA BIC Bavaria seeks entrepreneurs using space technologies in a non-space environment. That does not mean rocket science, but applies to multiple application fields such as navigation and positioning, communications techniques, Earth observation, materials, processes, signals or robotics.

Are you interested in joining our network and do you have an innovative idea yourself? Then have a look at the details of the ESA BIC Bavaria programme. ESA BIC Bavaria has four selection rounds each year. The next application deadline for the incubation programme is 02 March 2018. Apply now for ESA BIC Bavaria

Source: https://www.gruenderszene.de/allgemein/cloudeo-ipo-ico-5-millionen

Cornelia Gebath
Cornelia Gebath
Cornelia Gebath is experienced in the startup scene. She was a Project Manager of the ESA Business Incubation Center (ESA BIC) Bavaria till June 2019.

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