LiveEO bets EUDR turns satellite data into compliance software; €51.6M raised

LiveEO was founded in Berlin in 2018 by space engineers Daniel Seidel and Sven Przywarra to turn satellite imagery into industrial risk analytics. Its wedge was infrastructure: Deutsche Bahn became the first customer for Treeline, an AI vegetation-management product that keeps trees off railway and power-line corridors. By 2022 the company also monitored pipelines with SurfaceScout, counting E.ON, Iberdrola and Network Rail among customers.

The strategic bet came in 2023, when the EU Deforestation Regulation (EUDR) gave importers a deadline to prove that commodities such as soy, cocoa, coffee, palm oil, cattle, rubber and wood in their supply chains were deforestation-free. LiveEO called it 'the first mass market with millions of users for EO analytics', launched TradeAware, closed a $10M first funding tranche led by Greencode Ventures in November 2023, and tripled revenue in 2023.

In June 2024, NordicNinja and the German state fund DeepTech & Climate Fonds led a €25M Series B, taking total funding to €51.6M. By 2025 the company had 160+ people and $60M+ raised; in April 2025 it partnered with SAP consultant Westernacher to embed TradeAware into ERP workflows for the 1.2M companies it says will need EUDR proof.

But the market kept moving: EUDR's application was delayed from December 2024 to December 2025, then again to December 2026, with the Commission citing IT systems that were not ready. LiveEO kept scaling its infrastructure and climate-risk business, but the regulatory payoff it banked on is still ahead of it.