Village Data Analytics, or Vida for short, has developed geoinformation software for decision-makers in companies, NGOs, and government agencies. This software provides a wide range of real-time location information, such as geodata and high-resolution satellite images. The Munich-based company also enriches the information with quality-assured on-site data, such as data on potential customers, local industry, or telecommunications. The startup also promises to be able to map local physical climate risks up to the year 2080. In this way, Vida aims to enable data-driven investment, business, and political decisions in rural villages in Africa and Asia. The Munich-based company also offers a more comprehensive due diligence review of investment opportunities.
Vida was founded in 2018 by Nabin Gaihre, Philippe Raisin, and Tobias Engelmeier. Along the way, the three founders received support from ESA and Applied AI, an initiative of UnternehmerTUM, among others. They were also included in the first batch of the New Space Accelerator. SpacefoundersThe startup secured a spot in the Founders@unibw initiative. In 2022, Vida closed its seed round of €150,000, with funding from Norwegian impact investor Katapult. Cusp Capital is now following suit with a further €3 million investment.
Vida provides tools for assessing climate risks and impacts
Tobias Engelmeier, co-founder and CEO of Vida, says:
"We are delighted to have Cusp Capital as our partner on our journey to complement infrastructure investments and management globally with climate-based decision-making. This financing will enable us to further accelerate our growth, reach new markets, and further expand our unique tools for assessing climate risks and impacts."
Carolin Althoff, investor and head of ESG at Cusp Capital, explains:
"We work with entrepreneurs who understand that ESG is a business opportunity to develop the next generation of tools and services that have a positive impact on our planet and society. Seeing this in the Vida team, we look forward to working with them as they reimagine the processes for infrastructure investors."
