Aeroseal, a Dayton, Ohio-based climate tech company, raised $30M in Series B funding
The round was led by OGCI Climate Investments.
The company intends to use the funds for expansion beyond buildings into gas pipelines and into new geographic markets.
Led by CEO Amit Gupta, Aeroseal provides a software-enabled energy solution with patented sealing technologies for commercial and residential buildings. Its products can reduce energy consumption of a building by 30% on average, cutting carbon dioxide (CO2) emissions from and improving the efficiency of buildings. The technologies – HomeSeal Connect for duct sealing and AeroBarrier Connect for building envelope sealing – blow a fog of sealant particles into pressurized spaces, with software tracking the entire process.
The company’s over 200 employees in Dayton, Ohio, serve contractors, builders, and building owners who are sealing ducts and walls around the globe in everything from homes, hospitals, and schools, to government facilities, hotels, and offices. Since 2010, Aeroseal has sealed more than 260,000 buildings around the world, saving home and building owners billions of dollars in energy savings.
The company currently operates largely in North America, but sees significant opportunities in the U.K. and the rest of Europe.
FinSMEs
23/02/2023