Skyfora funding news – Helsinki-based Skyfora Raises €4Million in Funding

Linn-Cecilie Linnemann, Partner at LUMO Labs, says, “Skyfora’s ability to provide critical weather data is a perfect fit with LUMO Labs’ focus on climate action and sustainable cities. As climate change intensifies reliable weather intelligence becomes increasingly crucial for urban resilience. Skyfora’s use of first-party data and AI-driven approach align perfectly with our investment strategy. By harnessing existing telecom networks to generate exponentially more atmospheric data, they are unlocking new possibilities in climate technology—making this a truly compelling opportunity.”

This investment follows earlier funding from the European Space Agency, EIC Accelerator, and Business Finland, which help Skyfora improve global weather forecasting.

Skyfora has tested its technology with industry leaders and plans to use the new funding to expand its Telecom GNSS Meteorology solution with partners and enter important markets.

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Fredrik Borgström, CEO of Skyfora, says, “As extreme weather events become more frequent due to climate change precise forecasting is more critical than ever. Our technology fills critical observation gaps, and it provides a continuous flow of high-resolution data, which is ‘superfood’ for AI models while enabling MNOs to monetise their infrastructure in a completely new way.”

Andreas Green Rasmussen, General Partner at Ugly Duckling Ventures, says, “At Ugly Duckling Ventures, a key thesis is that the future of AI relies on the quality of, and rights to first-party data. Skyfora’s commitment to building and utilising their own first-party datasets sets them apart. Their ability to provide uniquely valuable intelligence in a world increasingly reliant on AI-driven decisions is why we’ve invested. We are very pleased to join them on their journey and co-lead this round with LUMO Labs.”

Ugly Duckling Ventures is a venture capital firm from Denmark that invests in early-stage B2B startups in the Nordic region. The firm helps founders with funding and advice to build the next generation of Nordic B2B companies.

Svetoslava Georgieva, Chair of the EIC Fund Board, adds, “We are delighted with the EIC Fund’s investment in Skyfora, an innovative company developing a next-generation weather intelligence. We believe in the potential of their technology that can save lives and mitigate economic disruptions and financial risks. The unique form of financing via EIC – combining grants and equity – is proving itself highly attractive to Europe’s most promising startups like Skyfora.”

The European Innovation Council (EIC) Fund is a fund managed by the European Commission that helps companies in all industries and EU countries, including those connected to Horizon Europe. It provides investment through the EIC Accelerator program, with the European Investment Bank offering advice.

The fund’s goal is to fill financing gaps, help companies grow disruptive technologies, and attract investors. It also supports female founders and works to reduce innovation gaps across EU countries.

About Skyfora

Skyfora creates weather technology to improve AI-powered forecasts. Its patented Telecom GNSS Meteorology solution turns cell towers into weather sensors, providing data to make forecasts more accurate.

This technology helps with climate resilience, gives useful industry insights, and creates new revenue opportunities for mobile network operators without needing extra hardware.