What is Mirico?
Mirico specializes in next-generation emissions intelligence, providing continuous detection, localization, and quantification of methane at the facility level. Utilizing proprietary laser sensor technology, the firm offers a scalable solution for large-area monitoring, which is essential for sectors such as upstream production, natural gas processing, and liquefied natural gas hubs. By delivering actionable data, Mirico enables industrial operators to enhance regulatory compliance while simultaneously reducing the operational costs associated with fugitive emissions. This technological edge positions the company as a leader in the industrial transition toward net-zero, effectively bridging the gap between environmental accountability and economic efficiency.
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 Longwall Ventures and Midven
Unspecified (2018): $4.4M supported by STFC Innovation, Longwall Ventures ECF, Foresight Williams Technology EIS Fund, 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 major pre-seed+ fund managing significant assets, focusing on early-stage businesses and spinouts that tackle global challenges in engineering, biology, and space.
Midven
Midven is a Birmingham-based venture capital firm that provides capital and strategic support to ambitious entrepreneurs and SMEs with high growth potential.
What's next for Mirico?
With the support of its latest strategic investment, Mirico is poised to accelerate the deployment of its sensor arrays across international markets. The company's roadmap focuses on scaling its operational footprint to meet the increasing demand for rigorous methane reporting standards in the energy sector. As regulatory pressures mount globally, Mirico's ability to provide precise, facility-level insights will likely serve as a cornerstone for enterprise-level decarbonization strategies. Future growth will likely involve expanding its service offerings to include more comprehensive environmental monitoring suites, further cementing its role as an indispensable partner for energy firms navigating the complexities of the energy transition.
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