Series B $130M
Nazca Capital Led
Total Raised ~$220M
Multi-Source SAR + Optical + Hyperspectral
Spanish startup Xoople has closed a $130 million Series B led by Nazca Capital with participation from Seaya Ventures, bringing total funding to approximately $220 million. The company fuses multiple satellite data modalities — optical imagery, synthetic aperture radar (SAR), and hyperspectral data — into a unified AI intelligence platform with applications spanning crop yield prediction, port activity analysis, emissions tracking, and infrastructure monitoring.
The raise is one of the largest Series B rounds in European deep-tech in 2026, and signals that the satellite data intelligence market — long considered a niche defence and government category — has reached the scale and commercial maturity to attract major growth capital. Xoople’s expansion plans include a new compute facility in Madrid and market entries into the US and Japan.
Any single satellite data source has limitations: optical imagery is obscured by clouds, SAR works in all weather but produces complex backscatter data, and hyperspectral reveals chemical composition but requires massive processing. Xoople’s competitive advantage is fusing all three into coherent intelligence outputs that no single data source can provide. This fusion capability — built over years of algorithm development — creates a durable moat that is expensive to replicate.
What Xoople Does and Why It Matters
Xoople’s platform ingests satellite imagery from multiple constellations and data types, processes it through AI models trained on years of labelled geospatial data, and delivers actionable intelligence outputs to enterprise and government customers. The core products span four primary verticals: agriculture (crop yield forecasting, drought stress mapping, irrigation optimisation), maritime (port activity analysis, vessel tracking, trade flow intelligence), environment (emissions tracking, deforestation monitoring, urban heat mapping), and infrastructure (bridge integrity, pipeline monitoring, urban change detection).
TechCrunch’s coverage of the Xoople Series B highlights the company’s agricultural intelligence product as its highest-revenue vertical, with food commodities traders and agricultural insurers among its largest customers. The ability to provide crop yield forecasts weeks before government statistics are published creates significant trading and risk management value.
Nazca Capital and the European Deep-Tech Ecosystem
Nazca Capital is one of Spain’s leading deep-tech and growth-stage venture firms, with a portfolio spanning robotics, biotech, and space technology. Its decision to lead Xoople’s Series B reflects a conviction that European deep-tech companies in space and geospatial intelligence have reached commercial maturity and require growth-stage capital to compete globally rather than remaining niche European champions. Nazca Capital’s portfolio demonstrates consistent focus on companies with strong intellectual property foundations and defensible technical moats.
The Satellite Data Market: Why AI Changed Everything
The satellite data market was transformed in two phases: first by the miniaturisation of satellites (enabling commercial constellation deployment at a fraction of traditional costs), and second by AI’s ability to extract actionable intelligence from the data volumes these constellations generate. Before AI, satellite imagery required human analysts — a bottleneck that constrained commercial applications to high-value, low-volume use cases. AI converts satellite data processing from artisanal analysis to industrial-scale intelligence extraction.
Synthetic Aperture Radar (SAR) satellites transmit microwave pulses and measure the reflected signal to create imagery that penetrates clouds, smoke, and darkness. This all-weather, day-and-night capability makes SAR essential for monitoring ports, military activity, and infrastructure in tropical or consistently overcast regions. However, SAR data is complex to interpret — requiring specialised processing algorithms that represent a significant capability barrier. Xoople’s expertise in SAR fusion is one of its most defensible technical advantages.
What Xoople Plans to Do With $130M
The capital allocation prioritises three areas: a new compute facility in Madrid to process the growing volume of satellite data ingested from multiple constellations; US market expansion (including starting the FedRAMP authorisation process to access US government contracts); and Japan market entry (where agricultural intelligence and disaster monitoring have established government procurement channels).
Frequently Asked Questions
Networkcraft covers the world’s most interesting startups, funding rounds, and technology platforms.