# SkyWatch Space Applications

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skywatch-space-applications

- Industry: Software
- Headquarters: Kitchener, Canada
- Website: www.skywatch.com
- Total disclosed funding: $28M
- Latest round: Series B (Jun 15, 2021)
- Investors on record: 14

## About

SkyWatch Space Applications Inc. is a geospatial data company that enhances accessibility to satellite imagery and Earth observation data through innovative products and services.SkyWatch Space Applications Inc. specializes in geospatial data solutions. Founded in 2014 in Kitchener, Canada, the company has successfully adapted its business strategy to focus on providing satellite imagery and Earth observation data access. James Slifierz, one of the founders, leads the company as CEO. The firm has raised a total of CAD 21 mn through 6 deals, with the latest funding round being a Series B of CAD 21 mn on June 15, 2021, led by Drive Capital and participated by BDC Capital, Bullpen Capital, Golden Ventures, and Space Capital.SkyWatch Space Applications Inc. offers a comprehensive suite of geospatial data products designed to enhance the accessibility and usability of satellite imagery and Earth observation data. Their core product offerings include EXPLORE, HUB, MAP, and BUILD, each serving distinct functions within the geospatial data value chain. EXPLORE allows users to access over 700 sensors from leading data providers at transparent, pay-as-you-use prices. MAP integrates up-to-date satellite imagery and geospatial data into existing Geographic Information System (GIS) workflows, while HUB aids organizations in managing data procurement, storage, and sharing. BUILD enables developers to programmatically integrate geospatial data into their applications. SkyWatch's clientele spans various sectors, including media, energy, mining, and utilities, primarily focusing on markets in North America, Europe, and Asia.SkyWatch Space Applications Inc. generates revenue through a multi-faceted transaction structure that includes subscription models and direct business-to-business (B2B) engagements. Customers typically subscribe to their services, which may involve annual or monthly fees for access to their suite of geospatial data products. Clients utilizing the EXPLORE product may pay based on usage, allowing them to access satellite imagery as needed, while organizations leveraging HUB for data management benefit from tailored pricing based on their specific data volume and usage requirements. The company collaborates with third-party marketplaces to expand its reach, enhancing revenue potential through partnerships and integrations. Their offerings are structured to deliver value across various industries, addressing needs for efficient project monitoring, resource management, and risk mitigation.In June 2021, SkyWatch Space Applications Inc. raised CAD 21 mn in Series B funding, which will be used to accelerate the rollout of its product and scale its technology globally. The company is actively designing and preparing to launch new products that will enhance their service offerings. Plans are also underway to expand into new markets, specifically targeting regions in Europe and Asia, with initiatives expected to be rolled out by the end of 2023.

## Funding rounds

- Series B, Jun 15, 2021, $17M — BDC Capital, Bullpen Capital, Golden Ventures, Drive Capital, Space Capital
- Series A, Jan 3, 2020, $7.7M — BDC Capital, Bullpen Capital, Golden Ventures, Techstars, Space Capital
- Seed, Feb 1, 2018, $3.3M — Golden Ventures, ARC Angel Fund, Techstars, SK Ventures, Globalive Capital, Space Angels, Sinai Ventures
- Seed, Jun 11, 2016, $0.1M — TechStars, Techstars, Right Side Capital Management, Creative Destruction Lab
- Seed, Dec 17, 2015 — Ontario Centre of Innovation

## Investors

- Ontario Centre of Innovation (https://capitalatlas.ai/funds/ontario-centre-of-innovation) — Seed
- TechStars (https://capitalatlas.ai/funds/techstars) — Seed, Series A
- Right Side Capital Management (https://capitalatlas.ai/funds/right-side-capital-management) — Seed
- Creative Destruction Lab (https://capitalatlas.ai/funds/creative-destruction-lab) — Seed
- Golden Ventures (https://capitalatlas.ai/funds/golden-ventures) — Seed, Series A, Series B
- ARC Angel Fund — Seed
- SK Ventures — Seed
- Globalive Capital (https://capitalatlas.ai/funds/globalive-capital) — Seed
- Space Angels (https://capitalatlas.ai/funds/space-angels) — Seed
- Sinai Ventures (https://capitalatlas.ai/funds/sinai-ventures) — Seed
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A, Series B
- Bullpen Capital (https://capitalatlas.ai/funds/bullpen-capital) — Series A, Series B
- Space Capital (https://capitalatlas.ai/funds/space-capital) — Series A, Series B
- Drive Capital (https://capitalatlas.ai/funds/drive-capital) — Series B