Leonid Capital Partners, a leading investment firm focused on high-growth technology companies working in the national security industry, today announced it is providing a $13 million term loan to Aclima, a San Francisco-based climate-tech company that has developed a software and hardware solution for hyperlocal measurement and analysis of air pollution, toxics, and greenhouse gasses (GHG).
Aclima’s system monitors pollutants utilizing the company’s own patented hardware sensors. And Aclima integrates all of these inputs, compares them to adjacent EPA monitors for maximum quality, and then provides a data interface highlighting the areas of concern dependent on the selected pollutant, toxin, GHG or source. The company also most recently announced a historic deal with the California Air Resources Board.
Launched in 2019, Leonid is a specialized credit provider for businesses working on government contracts for highly technical engagements in fields such as software, biotech, and engineering. Leonid’s loans support various contract types (including PoRs, OTAs, SBIR/STTR, and others) designed by the U.S. federal government to encourage research, service, and product solutions for critical areas of need.
KEY QUOTES:
“The need for climate action has never been more urgent, and we’re committed to delivering science-driven insights in order to reduce emissions, protect public health and ultimately provide cleaner air for everyone. Working with Leonid enables us to continue focusing on innovations to drive that mission forward, while supporting that growth with critical deals and scaling revenue.”
-Davida Herzl, CEO at Aclima
“Aclima is doing critical work to provide environmental intelligence for governments, communities and industry customers. Climate security is national security, and we’re proud to support their mission.”
-Chris Lay, Co-Founder of Leonid Capital Partners
