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. Their unique laser sensor technology is designed to cover large areas efficiently, providing precise insights that help clients reduce methane emissions cost-effectively and explore new market opportunities. The company serves various sectors, including upstream production, processing, and liquefied natural gas hubs, with a commitment to enhancing compliance and minimizing costs associated with emissions. Mirico's innovative approach has garnered recognition as a top innovator in the industry, reflecting its impact on deep decarbonization efforts.
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 The Rainbow Seed Fund and Longwall Ventures
Private Equity (2016): $1.4M led by Longwall Ventures and Midven
Unspecified (2018): $4.4M supported by Longwall Ventures ECF, Foresight Williams Technology EIS Fund, UK Innovation and Science Seed Fund, and STFC Innovation
Key Investors in Mirico
Longwall Ventures
Longwall Ventures is a venture capital firm that invests in early-stage deeptech businesses, particularly those leveraging UK expertise in science R&D to address global challenges. They focus on supporting startups with innovative solutions.
Foresight Williams Technology EIS Fund
Foresight Williams Technology EIS Fund is an investment fund focused on technology-driven companies, likely supporting ventures with significant technological innovation and growth potential.
The Rainbow Seed Fund
The Rainbow Seed Fund, also known as UKI2S, is a significant pre-seed+ fund in the UK, investing in early-stage businesses and spinouts tackling global challenges in sectors like defence, engineering biology, fusion, and space, with an impact-first approach.
What's next for Mirico?
With its recent strategic investment, Mirico is poised to further solidify its market position in the critical field of emissions intelligence. The company's focus on advanced laser sensor technology for methane detection positions it as a key player in the global effort towards deep decarbonization. Future growth is likely to involve scaling its operations, enhancing its technological offerings, and expanding its client base across the energy sector. This latest round of financing will be instrumental in driving innovation and supporting Mirico's mission to provide cost-effective solutions for emissions reduction and regulatory compliance.
See full Mirico company page
