Article

International Resource Holding acquired TerraEye, a Polish spacetech company, facilitating an exit for early investors including Balnord, which achieved a 20.08% annual return. This transaction increased Balnord's distributions to investors to 0.24x.

Founded by Marek Wilgucki, Oskar Fryckowski, and Miłosz Małachowski, TerraEye develops an AI platform that analyzes satellite imagery for mineral exploration. The acquisition positions TerraEye for global growth and enhances its capabilities in identifying critical minerals. CEO Wilgucki will work with International Resource Holding to develop the platform further.