Fighting the global food and water crises with satellite data
VanderSat can accurately measure the location and amount of water in the soil anywhere in the world. The company’s unique satellite technology provides an essential and scalable solution to increase the financial stability of millions of smallholder farmers worldwide and helps preserve the world’s water resources and increase food security. VanderSat’s data is a game-changer in terms of resolution, frequency and affordability and therefore enables innovation in the agricultural (insurance) sector.
Globally, 80% of all crop damage is related to water, and it is expected that by 2050 more than half of the world’s population will be living in water-stressed regions. The majority of the available water is consumed by agriculture and 60% of that is wasted. With more precise water data, crop yields on agricultural land can be improved and water can be saved. Accurate and reliable data is essential and this is where VanderSat’s excels.
The VanderSat data is used by farmers as well as insurers. Their unique technology gives formerly uninsurable (mostly small holder) farmers access to crop data and insurance products and therefore greater financial security. World players such as Climate Corp, BASF, AXA, and Swiss Re, make multi-million dollar business decisions on the basis of VanderSat’s data.
Currently, VanderSat’s data is used for more than 100 million hectares of agricultural land worldwide and the investment by Social Impact Ventures will support a vast increase of this number.
”This investment enables us to create even more impact. We are convinced that our satellite technology will play an important role in the food and water crisis and we will continue to work in close collaboration with our clients to provide the best product possible. The investment of Social Impact Ventures creates the opportunity to accelerate and realize our growth ambitions. “– Thijs van Leeuwen – CEO VanderSat
For more information, please go to VanderSat
Read more on Van der Sat and impact settings in the interview with Founder Richard de Jeu and Lexy Ratering Arntz, Head of Impact Strategy here.
#1 No poverty
#6 Clean water and sanitation