GHGSat secures $13 mln in OGCI-led Series A2 financing

GHGSat, a Montréal-based provider of global emissions monitoring services, has raised nearly $13 million (US$10 million) in a Series A2 financing. The round was led by U.K.-based OGCI Climate Investments. Other investors included Schlumberger, Space Angels and Business Development Bank of Canada (BDC). Founded in 2011 by CEO Stéphane Germain, GHGSat is focused on remote sensing of greenhouse gas and air quality gas emissions from industrial sites using satellite technology. The company, which has so far raised more than $26 million (US$20 million), including government financing, will use the latest funds raised to accelerate commercialization, expand its custom analytics services, and launch an additional satellite.

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