atmio receives 5.1 million euros to develop a platform for reducing methane emissions

The Hamburg-based startup atmio has received 5.1 million euros in a seed financing round. atmio plans to use the funds to drive forward the development of its methane leak detection solution.

HAMBURG, June 20, 2024 - The company atmio has closed a seed financing round of 5.1 million euros. Notion Capital and SquareOne lead the financing, with support from HCVC, Robin Capital and angel investors. With this capital, atmio plans to further develop its methane leak detection solution, expand its development team and build a new marketing and customer satisfaction team.

We want to become the world's leading company for measuring and managing greenhouse gas emissions. Our goal is to build a platform that becomes the 'single source of truth' for all industry emissions.

Marius Krüger, COO of atmio

Methane: a dangerous climate killer

Methane is a powerful greenhouse gas that is the second largest contributor to global warming after CO2. Natural gas companies are significant emitters of methane. Leaks in plants, pipelines and tanks lead to the release of this gas. Methane has around 85 times the greenhouse effect of CO2, but decays faster. A rapid reduction in methane emissions can therefore stabilize the climate more efficiently.

EU methane regulation requires action

In May 2024, the EU adopted the EU Methane Strategy, which includes strict regulations to reduce methane emissions in the energy sector. Natural gas companies must now record and report methane emissions and take measures to repair leaks. atmio offers a digital solution to help companies comply with these regulations.

atmio's all-in-one solution

Our solution helps natural gas companies to comply with the new EU regulations and significantly reduce pollutant emissions. The seed funding enables us to offer our solution to other companies in Germany and Europe.

Matthias Schmittmann, CEO of atmio

atmio combines portable and stationary sensors with a mobile app and a management platform. This enables automated reporting and the seamless detection, repair and logging of all methane leaks. The solution helps to save time, integrate LDAR into daily processes and efficiently manage downtime due to repair work.

Support from the investors

Kamil Mieczakowski, Partner at Notion Capital, and Charlotte Baumhauer, Investment Manager at SquareOne, support atmio on its journey and emphasize the relevance of the solution to reduce methane emissions.

atmio has set itself the goal of developing a leading platform for the reduction of methane emissions and supports natural gas companies in complying with the new EU regulations. The latest financing round strengthens atmio's position and enables the company to further expand its innovative solution.