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Climate tech startup vorteX-io raises €2.9m to become Europe’s provider of real-time hydrological data for sustainable water management

Climate tech startup vorteX-io raises €2.9m to become Europe’s provider of real-time hydrological data for sustainable water management

vorteX-io, the Toulouse-based startup specializing in large-scale hydrological monitoring solutions, has raised €2.9 million funding.  This funding, led by Banque des Territoires and MAIF Impact alongside AFI Ventures - Ventech’s impact fund and SpaceFounders France, supplemented by bank financing, will enable the company to accelerate the roll-out of its network of connected micro-stations and its Maelstrom platform. vorteX-io aims to become Europe’s leading provider of real-time hydrological field data.

Europe is experiencing an increase in extreme weather phenomena, resulting in a growing number of natural disasters, exposing 11% of the population to the risk of flooding and a third of the territory to water stress. Climate change is prompting governments and institutions to gain a better understanding of water resources in order to manage them more sustainably.

To meet this challenge, vorteX-io has developed a disruptive technology and an innovative business model in the field of continental hydrology. Based on satellite altimetry techniques, its solution measures the key hydrological parameters of rivers and streams (water level, surface velocity and images) in real time, with unrivalled precision. The data is analyzed on its Maelstrom platform, which provides strategic services to public and private decision-makers: real-time risk notification, optimization of water management for local authorities, infrastructure security, and anticipation of agricultural and industrial needs.

Jean-Christophe Poisson, Co-founder and CEO, vorteX-io: ''Our aim is to provide decision-makers with strategic tools and services that will enable them to improve their water management and better forecast extreme weather phenomena such as droughts and floods, which are major challenges for the safety and resilience of territories.''

vorteX-io has already received €2.5 million grant from the European Innovation Council for its WHYLD (Worldwide HYdrological Large-scale Database) project, aimed at creating Europe’s first real-time hydrological forecasting service. By the end of 2024, 1,000 micro-stations will have been deployed in France and Croatia, two European countries at high risk of flooding.

The €2.9 million raised from investors will enable vorteX-io to accelerate the deployment of its network, with a further 2,000 micro-stations by 2026 to model the main European river basins. The company also plans to double its workforce by 2026 to 80 employees, including 10 new hires from 2024. A development supported by its investors, convinced by the positive environmental and societal impact of the solution.

François Wohrer, Director of Investment, Banque des Territoires: ''Against this backdrop of great environmental tension, and with 18 million French people living in flood-prone areas, protecting people and property is a major challenge for our country. It’s in this spirit that we’re supporting the growth of vorteX-io, a Toulouse-based startup whose river monitoring technology is an innovative, high-performance tool for local authorities, and which, by developing employment, contributes to social cohesion.''

Hélène Hannoir, President, MAIF Impact: ''Responding to the climate emergency and implementing actions that enable populations to adapt and mitigate the impacts of climate change is at the heart of the strategy of MAIF Impact, the MAIF Group’s impact fund. The vorteX-io project won us over thanks to its degree of technological innovation and its positioning among local players, particularly local authorities. For these reasons, MAIF Impact is delighted to add vorteX-io to its portfolio of innovative start-ups whose business model creates positive impacts for society and the environment.''

www.vortex-io.fr

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