Funding

[Funding alert] Luxembourg-based Environmental Data Analytic Startup Databourg Secures $1M in Seed Funding

Dec 4, 2023 | By Startup Rise EU

Databourg, an environmental data analytics startup based in Luxembourg, secures $1 million in seed funding. Asian Development Bank (ADB) Ventures led the round.

Databourg, an environmental data analytics startup based in Luxembourg, secures $1 million in seed funding. Asian Development Bank (ADB) Ventures led the round.

The funds will be utilised by the company to grow both its operations and its clientele. The environmental data analytics business Databourg is run by CTO Julian Krebs and CEO Ahmad Gharanjik. started off as a University of Luxembourg spin-off.

Read also - London-based Runna Secures £5M in Funding

By utilising earth observation data along with AI and repurposing telecom infrastructure, the company has created a revolutionary approach to weather monitoring.

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Ahmad Gharanjik said: “Joining hands with ADB Ventures is truly thrilling for us. This partnership empowers us to strengthen our commitment to help vulnerable regions and communities become more resilient to climate change. Thanks to ADB’s vast presence and influence in Asia, we see a unique chance to expand our operations in this crucial region.”

About Databourg

Using cutting-edge technologies created at the University of Luxembourg for satellite network-based environmental monitoring, Databourg is a data analytics startup. The goal of Databourg is to become known as "The Rain Company" and to offer the greatest rainfall knowledge to institutional and business consumers.

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