Durham’s Feasibly Wins £200k From PraeSeed Programme
The geospatial AI start-up helps engineers quickly assess whether sites are suitable for solar installations.
- PraeSeed invested £200,000 in each of eight Northern start-ups.
- Feasibly was among the North East businesses selected.
- PraeSeed is backed by NPIF II and PXN Ventures.
Durham-based Feasibly is among eight Northern start-ups to receive £200,000 each from PraeSeed, an early-stage investment programme.
What Feasibly does
Feasibly is a geospatial AI tool that lets engineers quickly and accurately assess whether sites are suitable for solar installations.
About PraeSeed
Now in its second year, PraeSeed is a six-week cohort programme from the Northern Powerhouse Investment Fund II and PXN Ventures, formed after the merger of Praetura Ventures and Par Equity. The eight businesses were selected from a shortlist of 12 that took part in the summer programme.
Other recipients include businesses in Lancaster, Sheffield, Manchester, Liverpool and Leeds.
