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Mirico successfully raised $2 million with unique laser dispersion spectroscopy technology

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2024-06-28 13:47:39
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In the field of high-performance gas sensing intelligence, Mirico stands out with its unique laser dispersive spectroscopy (LDS) technology, successfully raising $2 million in the latest round of financing.

Recently, Mirico announced this good news. This financing is led by Shell Ventures and New Climate Ventures, with support from the UK Innovation and Science Seed Fund (UKI2S) and other existing and new investors. This funding will help Mirico accelerate the development of its laser based sensing and data analysis platform, and drive the company's commercial expansion in regions such as the United States and Canada.

Mirico CEO Bob Flint expressed great enthusiasm for this financing: "We are honored to be able to obtain this financing, which will greatly accelerate our pace of providing customers with effective monitoring and management of emissions tools to address climate change and support global energy transition. I would like to express my heartfelt gratitude to all investors for not only providing us with financial support, but also providing us with great help in advice and networking. Driven by initiatives such as the United Nations Global Methane Commitment and the US Methane Reduction Plan, we will usher in broader market opportunities, especially in Canada and the Americas, where the energy industry is experiencing an investment boom in solving methane problems."

Jon Greene, the investment manager of New Climate Ventures, also expressed high expectations for Mirico's prospects: "We are pleased to continue deepening our cooperation with Mirico. We are engaged in long-term investment and understand that success requires unremitting efforts, dedication, and firm perseverance. Mirico is such an excellent case, and we look forward to working together with them to enter the next stage of development."

Shruti Iyengar, the investment manager of UKI2S (managed by Future Planet Capital), also emphasized the importance of Mirico technology: "In the context of a severe global average temperature rise of 1.5 ° C, solving methane emissions has become an urgent task. Mirico's unique technology can truly help various industries reduce emissions and become a trusted partner for enterprises looking to reduce operational carbon emissions.". As one of Mirico's early investors, we are delighted to continue supporting them and have confidence in their solutions and team.

With this financing, Mirico will better support initiatives such as the United Nations Global Methane Commitment and the United States Methane Reduction Plan, which aim to drive global action to reduce methane emissions by at least 30% from 2020 levels by 2030, laying a solid foundation for achieving the goal of 1.5 ° C.

Source: OFweek

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