Corporate News

Hannover Digital Investments invests in LiveEO

Hannover Digital Investments GmbH (HDInv), venture capital company of HDI Group, is participating in the new Berlin-based space start-up LiveEO through a financial investment.

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LiveEO delivers "Software-as-a-Service" (SaaS) solutions for satellite-based monitoring of facilities and critical infrastructures. The company accesses satellite data from various providers and supplies its customers with actionable insights into the risks associated with vegetation, ground deformation or third parties. On this basis artificial intelligence is able to make predictions about the condition of and changes affecting buildings, streets, rail networks, forests, factories, energy producers and other infrastructure, thereby enabling the early planning and implementation of maintenance and repairs.

"The Berlin-based start-up LiveEO offers companies and institutions an efficient and smart way to monitor their infrastructure. This enables potential damaging events to be detected and prevented at an early stage, making companies more resilient to climate change, for example," explains Ulrich Wallin, Managing Director of Hannover Digital Investments GmbH.

The company secured altogether EUR 19 million in this funding round. Along with lead investor MMC Ventures and other existing investors DvH Ventures, Helen Ventures and Matterwave, Segenia Capital and HDInv also came on board. In addition, the public sector has committed to provide financial assistance in support of the technology.

LiveEO will use the investment to accelerate market growth in the infrastructure sector and open up new markets.

About Hannover Digital Investments GmbH

Hannover Digital Investments GmbH is a capital provider and partner for young, innovative companies specialising in digital solutions and services. Under the umbrella of the HDI Group, Hannover Digital Investments contributes the financial strength and experience of one of Europe's largest globally operating insurance groups. A traditional venture capital investor, Hannover Digital Investments GmbH makes early-phase funding available to start-ups. HDI is one of Europe's largest insurance groups with a tradition spanning some 120 years and is active in industrial lines and retail insurance both in Germany and abroad.