Wheere raises €8.5 million to take its indoor positioning system into orbit
Summary
Wheere has raised €8.5 million to advance its indoor positioning technology and prepare for a broader expansion. The company focuses on locating people and equipment in environments where GPS performs poorly, such as factories, warehouses, tunnels, and hospitals. It now plans to extend that capability into space with a satellite constellation and to build an ASIC chip that embeds its technology in third-party devices. The raise acts as a bridge to a much larger Series A, with the next milestones tied to orbital validation in 2027 and long-term contract wins.
Funding
Amount
$9.2M
Total raised
Date
June 24, 2026
Announcement date
Investors
SOFILARO Capital Investissement, Business Angels
Lead investors
Company
wheere.io
Funded company
AskAI Classifications
Sectors
No sectors detected
Functions
Internet of Things (IoT) Platforms
General IoT
Linked Companies
Wheere
up to $1M