5.1 million euros for atmio in new financing round
The Hamburg-based startup atmio has developed a solution that enables natural gas companies to comply with the new EU methane regulation and significantly reduce methane emissions. It has now raised 5.1 million euros in a seed financing round led by Notion Capital and also involving SquareOne, HCVC and Robin Capital, Bernhard Mohr, former VP Gas Detection at Dräger, and David Rowan's VOYAGERS Climate-Tech Fund.
atmio benefits from new EU regulation
atmio is developing an operating system for the oil and gas sector to detect, remediate and report methane emissions. With its combination of hardware and software, atmio aims to combat climate change and become the world's leading provider for the measurement and management of greenhouse gas emissions. Founded in 2023, the team is led by co-founders Matthias Schmittmann (CEO) and Marius Krüger (COO), who have many years of experience in the industry. Schmittmann built up the gas detector startup bentekk, which was acquired by Dräger. Krüger, also a multiple founder, worked at BP for several years. In its first financing round, atmio already raised 1.3 million euros. The startup's customers include gas storage operators such as Crystal, EWE and distribution network operators such as Westnetz.
The energy sector is responsible for around 20 per cent of global methane emissions and the pressure on oil and gas companies has increased significantly in recent years. In May 2024, the EU adopted the EU Methane Strategy, its first regulation to reduce methane emissions in the energy sector. European natural gas companies must now comply with regulations to improve the recording, reporting and verification of methane emissions in the energy sector, including the mandatory detection and repair of leaks. With its solution, atmio has therefore the finger on the pulse.
