Investment Memo · EV3 Ventures
Investment thesis
EV3 underwrites Skymapper against a projected $450M per year addressable market revenue opportunity by 2030 across tracking, insurance, and novel applications.
We’re underwriting a $450m/yr in addressable revenues for Skymapper
Product
Skymapper uses a novel Proof-of-Space-Observation consensus mechanism on validator nodes to verify observation accuracy before serving data via API.
validators participate in Skymapper’s novel Proof-of-Space-Observation consensus to validate the accuracy of the data received before ultimately serving it to customers via API.
Traction
Skymapper has signed an LOI with Unistellar to enable telescope owners to onboard onto the network through Unistellar's mobile app.
Skymapper has secured a signed LOI to integrate into Unistellar’s mobile app to allow for telescope owners to onboard onto the network in a few clicks
Team
Stefaan Vervaet personally funded Skymapper's initial months of development and brings crypto data infrastructure expertise as founder of Akave.
Stefaan Vervaet , Franck’s decade-long friend who introduced him to crypto and personally financed the first few months of the company’s development.
Business model
Skymapper reduces per-observation satellite tracking costs from $150 to below $30 by using community-owned smart telescopes.
By leveraging telescopes that are owned and operated by a global community, Skymapper lowers the cost of satellite observations from $150 today to below $30.
Investment context
EV3 is leading Skymapper's pre-seed investment round alongside Volt Capital and BoostVC.
We are leading Skymapper’s pre-seed round alongside Volt Capital and BoostVC.
What founders can learn
- The traction evidence that carried weight: EV3 Ventures wrote that Skymapper has signed an LOI with Unistellar to enable telescope owners to onboard onto the network through Unistellar's mobile app.
- How the team was judged: EV3 Ventures wrote that Stefaan Vervaet personally funded Skymapper's initial months of development and brings crypto data infrastructure expertise as founder of Akave.
- How the model was assessed: EV3 Ventures wrote that Skymapper reduces per-observation satellite tracking costs from $150 to below $30 by using community-owned smart telescopes.
Source and provenance
Investment Memo published by EV3 Ventures on ev3.xyz. Read the original
