north.io GmbH

Founded in 2011 and based in Kiel, Germany, north. io GmbH develops a platform that analyzes geospatial data related to land and sea, providing data-driven solutions and addressing issues like climate change. The company has engaged in one deal to date, with its most recent funding round occurring on September 23, 2024. In this Seed round, the firm raised EUR 8.

5 million, led by VAERING SE & Co. KG, with participation from L Possehl & Co. Jann Wendt founded the firm.   North.

io is involved in transforming geospatial data into actionable insights through its core Software-as-a-Service (SaaS) offerings: TrueEarth and TrueOcean. TrueEarth focuses on terrestrial data management, enabling users to visualize and analyze land-based geodata effectively. TrueOcean, on the other hand, is designed for marine data, providing clarity and understanding of oceanic information. Both platforms leverage cloud computing, big data processing, and artificial intelligence to facilitate data management.

These services cater to a diverse client base across both the private and public sectors, including organizations involved in environmental management, urban planning, and offshore energy projects. North. io markets its solutions primarily in Europe and North America, positioning itself as a leading provider of geospatial data services in these regions.   North.

io's revenue model is primarily based on subscription services offered through its software platforms, TrueEarth and TrueOcean. Clients engage in annual subscriptions that provide access to the software along with ongoing support and updates.   In September 2024, north. io GmbH raised EUR 8.

5 million in Seed funding led by VAERING SE & Co. KG, with contributions from L Possehl & Co. The company will utilize this funding to accelerate its growth and expand its platform capabilities into other sectors, including offshore wind and infrastructure projection. North.

io aims to launch new products aimed at enhancing geospatial data capabilities and plans to expand its services into additional European and North American markets by the end of 2025.