Tech Company Financing Transactions
Airmo Funding Round
European Space Agency (ESA) participated in a $5.7 million capital raise for Airmo. The round was announced by the company on 6/28/2023.
Transaction Overview
Company Name
Announced On
6/28/2023
Transaction Type
Venture Equity
Amount
$5,700,000
Round
Undisclosed
Investors
Proceeds Purpose
It will use the funding to launch its first satellite equipped with spectrometer and light detection and ranging (lidar) technology to detect and measure GHGs in real time. The company says its "micro-lidar" solution, combined with the spectrometer, improves the accuracy of its measurements by correcting for atmospheric winds and aerosols.
Company Information
Company Status
Private & Independent
Industry
Environmental
Mailing Address
Claude-Dornier-Strasse 1 Gebäude 401
Weßling, 82234
DE
Weßling, 82234
DE
Phone
Undisclosed
Website
Email Address
Overview
AIRMO is working on the intersection of climate tech and space, developing a novel solution for emissions measurement. Our goal is to set a standard for continuous, global and near-real time greenhouse gas emissions measurement using small satellite constellation and novel LiDAR technology. We have developed a micro-LiDAR solution to complement spectrometer-based measurements to significantly improve the accuracy and sensitivity of CO2 and CH4 measurements and are currently working on the product development.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daria Stepanova
Chief Operating Officer
Harriet Kügelgen
Chief Operating Officer
Pavels Razmajevs
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