OGCI Climate Investments leads growth investment in Aeroseal
Published by Sara Simper,
Editorial Assistant
World Pipelines,
OGCI Climate Investments (CI), a specialist investor focused on enabling capital-efficient decarbonisation, has invested in Aeroseal LLC, a software-enabled energy efficiency solution provider with patented sealing technologies for commercial and residential buildings. CI led the investment in Aeroseal’s US$30 million first close Series B fundraising round.
The Series B capital round will help Aeroseal accelerate the scaling up of its new and existing technologies. This includes a technology for the gas pipeline industry, which faces similar leakage issues to building operations. Aeroseal also intends to expand its operations globally. It currently operates largely in North America, but sees significant opportunities in the UK and the rest of Europe, owing to strong regulatory and policy commitments to reduce greenhouse gas (GHG) emissions.
Felicity O’Kelly, Senior Investment Associate at CI, said: “Aeroseal is a great example of a simple and effective product innovation that can be easily deployed by customers and yield immediate efficiency returns.”
Marc van den Berg, Managing Director, Ventures at CI said: “We’ve been following Aeroseal’s progress and believe now is the time to support the company to further commercialize and bring real-term impact as a material contributor to emissions reduction, in line with CI’s strategic mission.”
In January 2023, Cleantech Group named Aeroseal as a Rising Star Company of the Year and part of the Global Cleantech 100. Bill Gates has identified Aeroseal as a key player in combating climate change.
Read the article online at: https://www.worldpipelines.com/business-news/27022023/ogci-climate-investments-leads-growth-investment-in-aeroseal/
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