Helsinki-based emission monitoring service and technology startup Aeromon has raised €4.8 million in funding for scaling its operations. The funding consists of a capital loan from The Finnish Climate Fund and backing from industrial investor Vopak Ventures and the company’s current shareholders.
The extra cash will be used to further advance data analysis capabilities for rapid leak detection and accurate quantification of emissions. It will also enable the company to broaden its presence in North Western Europe and open a new office in Rotterdam.
Founded in 2015, Aeromon has developed a monitoring technology to detect and report methane, volatile organic compounds and other emissions. The company provides mobile emission monitoring services to both industry and authorities. It offers visual, real-time data that enables better decision-making through improved situational awareness. According to the company, this leads to highly accurate leak detection and quantification of leaking emissions 10 times quicker than traditional methods.
Aeromon’s services are currently being used by companies throughout Europe to verify and quantify emissions from industrial plants.
Maria Kuosa, CEO of Aeromon said: “We aim to visualise report leaks and support industrial companies in emission reduction. This funding enables Aeromon to be closer to a major market by opening a permanent office in Rotterdam.”