Leonid Capital Partners (“Leonid”), a leading investment firm focused on high-growth technology companies working in the national security industry, today announced it is providing a $13MM 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. 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 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,” said Davida Herzl, CEO at Aclima. “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.”
Aclima has been recognized as one of the TIME100 Most Influential Companies in 2023 and was included on the GovTech 100 list in 2023 and 2024. The company most recently announced a historic deal with the California Air Resources Board.
“Aclima is doing critical work to provide environmental intelligence for governments, communities and industry customers,” said Chris Lay, Co-Founder of Leonid Capital Partners. “Climate security is national security, and we’re proud to support their mission.”
Founded 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 a wide variety of 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.
About Leonid Capital Partners
Leonid Capital Partners invests capital into critical national security initiatives. The firm leverages its deep government and technical expertise to provide its portfolio companies with the flexible resources they need to grow their business.
Learn more at leonidfinance.io.
About Aclima
Aclima is pioneering an entirely new way to diagnose the health of our air and track climate-changing pollution. Powered by our network of roving and stationary sensors, Aclima measures air pollution and greenhouse gasses at unprecedented scales and with block-by-block resolution. Our professional analytics software translates billions of scientific measurements into environmental intelligence for governments, companies, and communities. Aclima is a purpose-driven technology company committed to a rigorous, science-driven approach that catalyzes bold climate action to protect public health, reduce emissions, and deliver clean air for all. To learn more, visit aclima.io.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240910187418/en/
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