Grandperspective closes Series A financing of EUR 7 million
"Grandperspective will have a world-wide impact on safety-engineering for chemicals and process industry"
Grandperspective, the German based company with the world’s first holistic emission monitoring system has successfully closed its Series A led by Saudi Aramco Energy Ventures (SAEV) together with the existing investors High-Tech Gründerfonds, Brandenburg Kapital and kineo finance.
Grandperspective
The funding will be used to support the worldwide commercialization of Grandperspective’s scanfeld® system and for the development of new software applications. With its unique software, scanfeld@ already offers early warning in case of hazardous emissions. In addition, the system will provide features for plant maintenance and ESG reporting.
"SAEV is known for its great expertise in scaling industrial innovations. We see a unique chance for setting a new standard of emission monitoring in this joint effort. Together we can demonstrate how the autonomous monitoring of industrial plants provides safety and contributes to the achievement of the sustainability goals. We provide continuous knowledge about all emissions of the chemical and petrochemical plant to empower our customers and facilitate change. Because in the end, what you don’t measure you don’t manage", René Braun, CEO of Grandperspective, highlights the visionary potential of the new partnership.
"For Aramco Ventures, this investment in Grandperspective via our SAEV fund is very strategic. The application of the Grandperspective technology has the potential to provide many safety, economic and operational benefits across our facilities", Mahdi Aladel, CEO of Aramco Ventures.
"We at kineo capital are proud to continue our support of Grandperspective with equity as well as tailored debt financing. We are sure that the Grandperspective solution is increasingly relevant. It provides a very high level of safety on industrial production through the early detection of gas leaks and, in addition, can support a predictive maintenance schedule based on the monitoring data sets which will lower the overall risk and costs of running such a site", Kreske Nickelsen, partner of kineo capital.
"For Brandenburg the investment with SAEV and other important investors illustrates the importance as an actual location of High-Tech-companies. Grandperspective will have a world-wide impact on safety-engineering for chemicals and process industry", Thilo Neu, senior investment manager of Brandenburg Kapital.
"The remote monitoring solution developed by Grandperspective sets new standards by offering an unmatched fast and precise localization of gas leaks. The successful financing round demonstrates the excellent work of the team around the founders René Braun, Peter Maas and Alexander Herrmann and paves the way for further scaling", Dr. Gernot Berger, senior investment Manager at High-Tech Gründerfonds.
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