Ecometrica set for growth with £600,000 funding

Ecometrica set for growth with £600,000 funding

Edinburgh-based Ecometrica, a company which gathers and analyses environmental data from space, has announced plans to recruit staff and expand.

The firm secured a funding package of £622,000 from Clydesdale Bank to support new growth across the company, which also has offices in London, Boston and Montreal.

CEO Gary Davis, said: “Support from Clydesdale Bank has given us the opportunity to recruit more heavily in Scotland, specifically across our sales and marketing teams, and beyond.

“It’s a buoyant time for our business, which has seen growth of more than 100% in the last year, and thanks to the funding arrangement now in place, we are confidently striding ahead with a host of new, exciting projects.”

The business works across the environment and sustainability reporting industry, as well as the growing downstream space sector, using data sent from satellites combined with ground based data to enable more than 250 firms to monitor their environmental impact and improve overall business performance.

Tom Brock, head of Clydesdale Bank’s Emerging Technology Unit, said: “Being able to work hand-in-hand to help innovative businesses like Ecometrica grow is exactly why the Emerging Technology Unit was established.

“Ecometrica’s work is widely recognised for its contribution to the growing Scottish space economy and the business is already a leader in its field of specialism.

“The range of award-winning software products developed by Gary and the team at Ecometrica, which enable globally-recognised brands to adhere to environmental reporting guidelines, have a wide-reaching benefit not just for the business community but also for the world at large.”