Munich – OroraTech is the first NewSpace start-up to provide global wildfire detection and monitoring services. The platform is already used by government agencies, insurance companies, and commercial forestry operators around the globe, helping to mitigate the environmental and economic impacts of forest fires and other climate change related topics. The latest €5.8 million Series A funding round is led by Findus Venture and Ananda Impact Ventures, with contributions from APEX Ventures, BayernKapital, and experienced Business Angels including Clemens Kaiser, SpaceTec Capital and Ingo Baumann. It will be used for further advancement of technology and development of the international team.
Dr. Wolfgang Weitnauer and Alix Winterhalder provided comprehensive legal advice to OroraTech GmbH in this financing round at the Munich office. Weitnauer regularly represents both companies and investors in financing rounds.