# Esper Satellite Imagery

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/esper-satellite-imagery

- Industry: Information Services
- Headquarters: Mulgrave, Australia
- Website: www.espersatellites.co
- Total disclosed funding: $7.2M
- Latest round: Seed (Mar 4, 2025)
- Investors on record: 8

## About

Founded in 2019 and based in Victoria, Australia, Esper Industries Pty Ltd, doing business as Esper Satellite Imagery, operates as a remote sensing company that provides space-based solutions for hyperspectral imagery. The company was founded by its CEO, Shoaib Iqbal, and CTO, Joey Lorenczak. In March 2024, Esper Industries Pty Ltd raised USD 1 million in venture funding from Dolby Family Ventures, Day One Ventures, and Stellar Ventures.

Esper Satellite Imagery develops and offers a constellation of satellites that will be able to collect hyperspectral imagery, which is a type of image that captures data across a wider spectral range than standard satellites. The company provides hyperspectral payloads that can be used to collect data and information about the Earth's surface, which can be used to determine material composition.

The company plans to use the funds raised in March 2024 to launch a demonstrator satellite with identical hardware.

## Funding rounds

- Seed, Mar 4, 2025, $5M — Paspalis Capital
- Seed, Nov 14, 2024, $2.2M — Stellar Ventures, TechStars, Dolby Family Ventures, Day One Ventures, Paspalis Capital, Ansari Venture Pty Ltd, T Knowles Investments Pty Ltd, Apex Fund Services Pty Ltd

## Investors

- Stellar Ventures — Seed
- TechStars (https://capitalatlas.ai/funds/techstars) — Seed
- Dolby Family Ventures (https://capitalatlas.ai/funds/dolby-family-ventures) — Seed
- Day One Ventures (https://capitalatlas.ai/funds/day-one-ventures) — Seed
- Paspalis Capital (https://capitalatlas.ai/funds/paspalis-capital) — Seed
- Ansari Venture Pty Ltd — Seed
- T Knowles Investments Pty Ltd — Seed
- Apex Fund Services Pty Ltd — Seed