Airmo secures 5.2 million euros in advance financing

The financing round was led by lead investor Christian Federspiel, represented by Findus Venture. With a contract volume of 3.7 million euros from ESA and the participation of other investors, AIRMO is ideally positioned to advance the monitoring of greenhouse gas emissions from space.

Munich - The climate and space technology start-up Airmo has closed a pre-seed financing round of 5.2 million euros. The funds come from space and impact investors as well as the European Space Agency. With this capital, Airmo will be able to launch its first satellite of 12 planned into orbit and revolutionize transparency on the greenhouse gases carbon dioxide and methane.

Since the last founding round, we have made significant progress in our mission. We are proud to be an official partner of the OGCI (Oil and Gas Climate Initiative) Aiming for net zero initiative

Daria Stepanova, Co-Founder Airmo

The financing round was significantly led by Christian Federspiel, represented by Findus Venture, a renowned space investor in Europe. Other well-known investors such as Ananda Impact Ventures, Pi-Labs, E2MC and strong business angels such as Anna Alex, founder of Planetly, and Rainer Horn, a well-known name in the German space industry, also invested. Particularly noteworthy is the support of the European Space Agency (ESA), which is backing Airmo with a contract volume of 3.7 million and is a close partner of the start-up.

In light of the growing climate crisis, it is crucial to monitor greenhouse gas emissions and take measures to reduce them. The Paris Agreement has set the goal of limiting global warming to below 2 degrees Celsius compared to pre-industrial levels. Achieving this goal requires accurate and reliable data on emissions, particularly of potent greenhouse gases such as carbon dioxide and methane. Airmo has emerged as a solution to meet the urgent need for transparency and accuracy in monitoring these emissions.

We are delighted to have supported Airmo from day one and look forward to working with the company as it expands.

Alan Poensgen, Partner Antler

Methane, one of the greenhouse gases for which the startup provides monitoring, is responsible for over 25 percent of global warming. Due to its structure, methane is more harmful per molecule than carbon dioxide (CO2) and remains in the atmosphere for about 20 years. Large methane leaks that remain undetected for weeks or months are particularly harmful to the climate. Last summer, a super-emitter event was detected near Turkmenistan, releasing 427 tons of methane every hour - the equivalent of France's hourly national emissions.

Airmo also aims to capture every super-emitter, particularly in the oil and gas industry, by 2030. The company works closely with key players in the industry and is an official partner of the "Aiming for net zero methane emissions" initiative of the OGCI (Oil & Gas Climate Initiative), a leading initiative for reducing emissions in the oil and gas industry.

The startup was founded by Daria Stepanova, Pavels Razmajevs, Dr. Errico Armandillo and Harriet von Kügelgen. The founding team combines space and climate experience to revolutionize the monitoring of greenhouse gas emissions from space. The aim is to improve the understanding of emissions and develop more targeted solutions for the climate. The company is headquartered in Weßling, just outside Munich. Daria Stepanova is CEO, Pavels Razmajevs is COO, Dr. Errico Armandillo is CTO and Harriet von Kügelgen is CCO of the company.