Unseenlabs Funding, Investors & Competitors

Unseenlabs has raised $125M across 3 funding rounds, most recently a $92M Series C in February 2024.

Last Unseenlabs funding round

$92M

Series C · Feb 2024

Unseenlabs revenue

$16M

Series C · Feb 2024

Key investors in Unseenlabs

  • Breizh Up
  • Bpifrance
  • 360 Capital
  • Omnes Capital
  • S2G Investments
  • Supernova Invest
  • Unexo
  • Blue Oceans Partners

Unseenlabs Overview

About Unseenlabs

Unseenlabs is a space-based maritime surveillance provider that deploys microsatellite constellations to detect electromagnetic signals from vessels. Operating from Toulouse, France, the company geolocates dark ships with transponders off, combating illegal fishing, oil degassing, and piracy for clients including governments and insurers worldwide.


Founded

2015

HQ

FranceRennes

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Subscription

Revenue

$16M (Feb 2024)

Unseenlabs Revenue

Unseenlabs' latest recorded revenue is $16M, as of its Series C in February 2024.

Unseenlabs revenue by funding round

Unseenlabs revenue and valuation multiple by funding round
DateRevenue *Stage
Feb 2024$16MSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Unseenlabs Funding History

Unseenlabs has raised a total of $125M across 3 funding rounds.

Unseenlabs' first fundraising round was a $9M Series A in September 2018. The most recent completed round was a $92M Series C in February 2024.

Unseenlabs funding rounds

Unseenlabs funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2024Series CISALT (lead); Supernova Invest (lead); Unexo (lead); 360 Capital; Bpifrance; S2G Investments; Omnes Capital; Breizh Up$92MSupernova Invest, ISALT through its Strategic Transition Fund and UNEXO invested in Unseenlabs in a EUR 85 million funding round announced in February 2024, with 360 Capital, Omnes Capital, Bpifrance, Breizh Up (managed by UI Investissement) and S2G Ventures participating as existing investors. The company said total funding since inception reached EUR 120 million, after earlier rounds in 2018 and 2021. Proceeds are to expand the satellite constellation through multiple launches, strengthen the presence in the United States and Asia, consolidate activity with private-sector customers in oil and gas, insurance, shipping, economic intelligence and offshore energy, develop new products and recruit staff. The founders said 2023 was an inflection point for the business model. Unseenlabs is a Rennes-based company founded in 2015 by brothers Clement and Jonathan Galic. It detects and geolocates radio frequency signals emitted by ships from space using its own microsatellite constellation, which allows it to monitor vessels that switch off their AIS transponders. Customers include governments and private-sector clients in energy, insurance and shipping.
Apr 2021Series B360 Capital (lead); Omnes Capital (lead); Blue Oceans Partners; Hemeria; Breizh Up$24MUnseenlabs is a Rennes, France-based spacetech company founded in 2015 by Clement Galic and Jonathan Galic, specializing in maritime surveillance through satellite-borne electromagnetic spectrum monitoring to detect and geolocate radio frequency signals from non-cooperative vessels worldwide. The company operates a constellation of orbiting satellites that track maritime traffic, particularly ships that disable their AIS identification systems, aiding in detection of illegal fishing, smuggling, piracy, and sanctions evasion. In April 2021, Unseenlabs completed a €20 million ($24.2M) Series B funding round led by Avolta Partners, with participation from new investors 360 Capital Partners, Omnes Capital, Blue Oceans Partners, and existing investors Definvest and Breizh Up. The funds were earmarked to accelerate commercial growth and expand their satellite constellation beyond the existing three satellites. This Series B followed a prior €7.5M raise in 2018 from Definvest, Breizh Up, and Nexeya. Unseenlabs has since raised additional rounds, including a record €85M in 2024 from Supernova Invest, ISALT, UNEXO, and historical backers like 360 Capital, Omnes, Bpifrance, Breizh Up (via UI Investissement), and S2G Ventures, bringing total funding to over $125M across seven rounds as of 2024.
Sep 2018Series ANexeya Services; Bpifrance; Breizh Up$9M-

Who has invested in Unseenlabs?

11 investors have backed Unseenlabs across its funding rounds, including Breizh Up, Bpifrance, 360 Capital, Omnes Capital, S2G Investments and Supernova Invest.

Lead investors include ISALT, Supernova Invest, Unexo, 360 Capital and Omnes Capital.


Unseenlabs Investors

Investors in Unseenlabs by funding rounds participated
InvestorHQRoundsRoleFirst check
Breizh UpFranceParis3ParticipantSep 2018
360 CapitalFranceParis2LeadApr 2021
BpifranceFranceParis2ParticipantSep 2018
Omnes CapitalFranceParis2LeadApr 2021
Nexeya ServicesFranceParis1ParticipantSep 2018
ISALTFranceAmiens1LeadFeb 2024
Blue Oceans PartnersFranceParis1ParticipantApr 2021
Supernova InvestFranceParis1LeadFeb 2024
S2G InvestmentsUnited StatesChicago, IL1ParticipantFeb 2024

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Unseenlabs Competitors

Unseenlabs competitors include listed companies like Zhuzhou CRRC Times, WiseTech Global, Full Truck Alliance and Descartes Systems Group, and private ones like Flexport and Kpler.

Public and private companies comparable to Unseenlabs
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Zhuzhou CRRC TimesChinaChinaPublicly listed$4.3B$715M$11B2.5x
WiseTech GlobalAustraliaAustraliaPublicly listed$1.4B$262M$10B8.6x
Full Truck AllianceChinaChinaPublicly listed$1.9B$680M$9.5B3.4x
Descartes Systems GroupCanadaCanadaPublicly listed$729M$305M$8.1B9.6x
FlexportUnited StatesSan Francisco, CAPrivate$3.2B-$8B2.5x
KplerBelgiumBrusselsPrivate$300M-$3.7B12.3x

Unseenlabs Public Comps

Unseenlabs is still privately-owned, but its public comps include SpaceX, Roper Technologies, Dassault Systemes, EchoStar, Manhattan Associates, China Satellite, Zhuzhou CRRC Times, Globalstar, WiseTech Global and China Spacesat.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SpaceX$19B$3.9B94.9x-450.5x-
Roper Technologies$7.9B$3.2B7.2x6.7x17.9x17.0x
Dassault Systemes$7B$2.1B5.3x5.1x17.4x14.5x
EchoStar$15B($16B)1.6x1.8x(1.5x)10.6x
Manhattan Associates$1.1B$288M13.4x12.5x50.5x34.8x
China Satellite$397M$265M34.6x-51.9x-
Zhuzhou CRRC Times$4.3B$715M2.7x2.5x16.4x12.3x
Globalstar$273M$126M40.3x39.1x87.7x83.3x

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Common questions about Unseenlabs

When was Unseenlabs founded?Unseenlabs was founded in 2015.
Where is Unseenlabs headquartered?Unseenlabs is headquartered in Rennes, France.
Is Unseenlabs publicly listed?No, Unseenlabs is a private, VC-backed company.
How much funding has Unseenlabs raised?Unseenlabs has raised $125M across 3 funding rounds.
What was Unseenlabs' last funding round?Unseenlabs' last funding round was a $92M Series C in February 2024, led by ISALT, Supernova Invest and Unexo.
Who are Unseenlabs' investors?Unseenlabs' investors include Breizh Up, 360 Capital, Bpifrance, Omnes Capital, Nexeya Services, ISALT, Blue Oceans Partners, Supernova Invest, S2G Investments, Unexo and 1 other.
What is Unseenlabs' revenue?Unseenlabs' latest recorded revenue is $16M (February 2024).
Which companies are comparable to Unseenlabs?Companies comparable to Unseenlabs include Zhuzhou CRRC Times, WiseTech Global, Full Truck Alliance, Descartes Systems Group, Flexport and Kpler.

See companies similar to Unseenlabs

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