• Series B funding closed at US$45M with the support of the Government of Québec through Investissement Québec, OGCI Climate Investments and Space Capital
• The investment will enable the company to triple the number of sensors deployed by 2023 as well as to expand its international commercial presence, particularly in Europe and the US

MONTREAL (GHGSat PR) – GHGSat, the global leader in high resolution greenhouse gas monitoring from space, has completed the second tranche of a funding round initiated in 2020, thereby closing its total Series B funding at US$45 million. The company has raised more than US$70 million since its inception in 2011.

MONTREAL, 10 September 2020 (GHGSat PR) — GHGSat, the global leader in high resolution greenhouse gas monitoring from space, today announced it has successfully completed the first tranche of Series B funding, raising US $30 million and more than doubling the total amount raised since GHGSat was founded to over US$55m. This latest funding has secured the growth trajectory of the company, enabling it to accelerate construction of its unique fleet of emissions detecting satellites and deployment of analytics to key markets.

Montréal, June 18, 2020 (Qeubec Government PR) — The Québec government, through Investissement Québec, is injecting $14 million [US $10.29 million] into the GHGSat company, which specializes in detecting gas emissions by satellite or by airborne sensors greenhouse gases and other gases from natural sources or produced by human activity.

The Minister of Economy and Innovation and Minister responsible for the Lanaudière region, Mr. Pierre Fitzgibbon, made the announcement today.