Leonid Capital Partners Invests $13MM in Aclima's Growth
Leonid Capital Partners Invests in Climate-Tech Innovator Aclima
Leonid Capital Partners, a prominent investment firm, has committed to advancing the climate-tech space with a significant $13 million term loan provided to Aclima. This San Francisco-based company is renowned for its innovative solutions that measure and analyze air pollution and greenhouse gas emissions on a hyperlocal scale.
Innovative Air Quality Solutions
Aclima stands out in the climate-tech industry due to its unique approach to monitoring air quality. The company utilizes patented hardware sensors to assess pollution levels effectively. By integrating detailed data from these sensors with existing EPA monitor information, Aclima delivers comprehensive insights about local air quality conditions.
Commitment to Cleaner Air
"The urgency of climate action has reached unprecedented levels, and our dedication to providing science-based insights aims to reduce emissions and protect public health," stated Davida Herzl, CEO of Aclima. The partnership with Leonid enables Aclima to enhance its focus on innovation, driving forward its mission of delivering cleaner air for all.
Recognitions and Achievements
Aclima has been prominently featured in the TIME100 list of Most Influential Companies, a testament to its impact and recognition in the field. In 2023 and 2024, the company was also honored on the GovTech 100 list. These accolades highlight Aclima's success in leveraging technology for environmental benefits, particularly following its notable agreement with the California Air Resources Board.
A Collaborative Effort for Climate Security
Leonid's Co-Founder, Chris Lay, emphasized the importance of Aclima's work. He expressed pride in supporting a company that provides critical environmental intelligence to various sectors, demonstrating a commitment to intertwining climate security with national security.
A Focus on Government Contracts
Founded in 2019, Leonid Capital Partners specializes in financing businesses that engage with government contracts, particularly those in technical fields like software development, biotech solutions, and engineering projects. Their investment strategy is crafted to support diverse contract types geared towards enhancing federal research and development efforts.
Understanding Aclima's Mission
Aclima is dedicated to revolutionizing how air quality is assessed and understood. Its network of mobile and stationary sensors gathers extensive data on air pollution and greenhouse gases at an unparalleled resolution. The analytics software developed by Aclima processes vast quantities of scientific measurements, converting them into actionable insights for communities, governments, and businesses alike.
Driving Climate Action with Technology
This purpose-driven company champions a transparent, scientific approach aimed at catalyzing decisive actions to combat climate change. Their vision includes not just reducing emissions but also fostering a healthier environment, ultimately delivering clean air for everyone.
Frequently Asked Questions
What is the main focus of Leonid Capital Partners?
Leonid Capital Partners focuses on investing in high-growth technology companies, particularly those aligned with national security and innovative sectors.
How much was invested in Aclima?
Leonid Capital Partners made a $13 million investment in Aclima in the form of a term loan.
What technology does Aclima use to monitor air quality?
Aclima employs patented sensors that provide hyperlocal measurement of air pollution and greenhouse gases, integrating data to ensure accuracy and depth.
Why is Aclima recognized as an influential company?
Aclima's recognition as one of the TIME100 Most Influential Companies results from its significant contributions to understanding and improving air quality.
How does Leonid support its portfolio companies?
Leonid Capital Partners provides flexible financial resources and expertise to help portfolio companies grow and thrive within their respective industries.
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