Aeroseal, a climate-tech startup offering an innovative solution to tackle carbon emissions, has successfully secured a significant $67 million in a Series B funding round. The financing was led by Breakthrough Energy Ventures and Climate Investment, signaling a strong endorsement of the company’s technology to substantially reduce energy leaks in buildings, thereby curbing greenhouse gas emissions.
With a mission to combat the challenging issue of carbon emissions from buildings, which account for approximately 40% of the world’s total, Aeroseal’s cutting-edge technology focuses on minimizing energy waste. By effectively sealing air ducts and building envelopes with sticky polymers, Aeroseal’s method significantly decreases HVAC demand and mitigates wasted energy, making buildings more energy-efficient and environmentally friendly.
The impact of Aeroseal’s solution has been impressive, with 260,000 buildings, both residential and commercial, already benefiting from its implementation. Supported by major U.S. home builders and a network of specialized HVAC dealers across the United States and Canada, Aeroseal aims to expand its reach even further with the new funding. The company’s ambitious goal is to seal as many buildings annually within the next three years, contributing to a greener and more sustainable future.
Aeroseal’s approach has garnered praise from industry leaders for its innovation and effectiveness. Studies have shown that homeowners can save significant amounts on energy bills in a short period by employing Aeroseal’s technology in their homes. This cost-effective solution aligns with the increasing demand for healthier and energy-efficient spaces, as well as tighter regulations and incentives related to adopting newer, greener building codes.
Commenting on the funding round, Amit Gupta, the CEO of Aeroseal, expressed confidence in the company’s momentum and the growing global demand for sustainable solutions. With the world’s heightened focus on energy efficiency and climate action, Aeroseal envisions a promising future for its technology in contributing to a measurable reduction in carbon emissions.
Climate Investment’s Global Managing Director for Ventures, Marc Van Den Berg, highlighted Aeroseal’s pioneering role in reducing energy consumption by addressing air leakage. On average, the company’s products have demonstrated a remarkable 30% reduction in energy usage, significantly benefiting both the environment and building operations. Climate Investment proudly includes Aeroseal in its portfolio, recognizing the company’s potential to drive impactful change.
Aeroseal’s commitment to removing one gigaton of carbon dioxide from the atmosphere annually underscores its dedication to sustainability. With a workforce of over 200 employees in Dayton, Ohio, the company is dedicated to serving contractors, builders, and building owners, ensuring that its technology becomes an essential part of creating energy-efficient and eco-friendly spaces.