Basetime closes venture capital round for international expansion

Houten, March 28^th 2023 – Basetime, an expert in high precision geodetic measurements, has successfully closed a first round of venture capital with Value Creation Capital. The investment enables Basetime to increase the pace of commercial expansion and enables the development of a second solution.

Basetime combines the power of the Internet of Things with geodetic technologies and algorithms to measure small movements of objects. The measurements are based on GNSS satellite positions. The groundbreaking added value is that the measurements are absolute versus the existing relative – line of sight – solutions. The launching product, Locator One, is deployed to measure the settlement and movement of sand decks, railroad tracks, dikes, harbor quay walls, buildings, bridges, and construction pit walls. This solar powered device works fully autonomous (and CO2 neutral) and eliminates the need for land surveyors and manual labor while increasing the accuracy and reliability of data.

Basetime was established in 2021 as a joint venture between Richtlijn Geodesie, a company specialized in collecting and analyzing geodetic data and imagery and SODAQ, a company designing and manufacturing Internet of Things solutions for tracking and tracing. The jointly developed Locator One solution and service has already been sold to tens of customers across the world. These customers are major international dredging companies, large construction companies and land surveying services companies.

With the investment, Basetime is facilitating the company’s further commercial expansion and will expand its international reseller network. It also enables Basetime to pursue further product development and offer precision monitoring on multiple applications.

Martijn Arkesteijn, CEO of Basetime: ‘This vote of confidence from Value Creation Capital enables us to make the next step in scaling up our company. We will be able to improve our reseller and customer support with improved services and the expansion of our portfolio.’

Ronald Wissink, Managing Partner at Value Creation Capital: “Basetime is able to offer a disruptive, alternative and much better method with its approach to absolute precision measurements. We expect tremendous growth in the market for autonomous precision monitoring services over the next few years, because of a shortage in trained personnel and in general because of climate change.’