What is Mirico?
Mirico specializes in next-generation emissions intelligence, focusing on the continuous detection, localization, and quantification of methane emissions at the facility level. By deploying unique laser sensor technology, the company enables operators in the upstream production, processing, and liquefied natural gas sectors to identify leaks with unprecedented precision. This technological edge not only facilitates regulatory compliance but also drives operational efficiency by minimizing product loss. Mirico's market position is defined by its commitment to deep decarbonization, providing the actionable data necessary for large-scale industrial entities to transition toward more sustainable operational models while simultaneously reducing costs associated with environmental mitigation.
How much funding has Mirico raised?
Mirico has raised a total of $6.8M across 3 funding rounds:
Other Financing Round
$1M
Private Equity
$1.4M
Unspecified
$4.4M
Other Financing Round (2016): $1M with participation from Longwall Ventures and The Rainbow Seed Fund
Private Equity (2016): $1.4M led by Midven and Longwall Ventures
Unspecified (2018): $4.4M supported by Longwall Ventures ECF, Foresight Williams Technology EIS Fund, STFC Innovation, and UK Innovation and Science Seed Fund
Key Investors in Mirico
Longwall Ventures
Longwall Ventures invests in early stage deeptech businesses that leverage the UK's expertise in science R&D, focusing on addressing global challenges through innovative solutions.
The Rainbow Seed Fund
UKI2S is a prominent pre-seed+ fund managing significant assets, specializing in early-stage spinouts that tackle complex challenges in engineering, biology, and space sectors.
Midven
Midven is a venture capital firm focused on high-growth early-stage businesses, providing both capital and strategic mentoring to foster regional innovation and economic development.
What's next for Mirico?
With this major enterprise-level funding, Mirico is poised to accelerate its commercial expansion and refine its sensor deployment capabilities across global energy hubs. The strategic roadmap likely involves scaling the manufacturing of its laser-based hardware and enhancing its software analytics suite to provide real-time, automated reporting for enterprise clients. As methane abatement becomes a central pillar of global climate policy, Mirico is well-positioned to capture significant market share by offering a scalable, cost-effective solution to one of the most pressing challenges in the energy transition. Future growth will likely focus on deepening integration with existing industrial infrastructure and expanding its footprint in international markets where methane emission regulations are tightening.
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