£5m funding for Rezatec
Gresham House Ventures has invested £5m into geospatial data analytics leader Rezatec.
The funding will aim to continue the Didcot firm’s growth and international expansion.
Rezatec applies its unique machine learning algorithms to a wide range of earth observation data, such as satellite imagery, soil, weather and topographic data, to generate data analytics products.
These products help Rezatec customers in the forestry, agriculture and infrastructure sectors to substantially improve returns derived from their assets distributed across very large areas worldwide.
Patrick Newton, CEO of Rezatec, said: “The investment from Gresham House accelerates our ability to build sales capabilities in key markets in North America and South Asia and to extend our product development capacity at home in the UK.
“This supports our goal of becoming the global leader in each of our target markets. We are very pleased to have Gresham House on board as a shareholder of Rezatec.”
Thomas Makey, associate director at Gresham House Ventures, continued: “Gresham House Ventures invests in growth businesses with bold ambitions.
“Rezatec is a world leader in geospatial data analytics, with expertise across multiple sectors, including forestry, agriculture, infrastructure and financial services.
“The business is perfectly positioned to expand its global footprint and market share. We look forward to continuing our partnership with the firm as it goes through this next stage of growth.”
Cornel Riklin, Non-Exec Chair Rezatec and Managing Partner Caphaven Partners, added: “We have been pleased to see the continued development of Rezatec following our original investment.
“This investment by Gresham House Ventures provides a launch pad for Rezatec in its next stage of growth as it pushes hard into its target markets worldwide.”