Early-stage B2B investor growX Ventures Fund achieves 17x return on invested capital and 68% IRR with a partial exit from Pixxel, a hyperspectral imaging startup.
Pixxel, founded in 2019, creates high-resolution hyperspectral satellites for diverse industries, backed by investors like Google and GIC, raising $95 million across nine funding rounds.
growX Ventures was Pixxel's first institutional investor, supporting the startup from its early stages, with Pixxel's hyperspectral imaging technology offering insights for agriculture, energy, and more.
The partial exit allows growX to provide returns to LPs while maintaining a stake in Pixxel's future growth as the startup nears commercial scale with its constellation of satellites for global coverage.