Airly raises $3.3m from marquee tech investors to address the air quality health crisis
- Problem: More than 10 million people die each year from air pollution
- Solution: Airly's sensors and software provide ultra-local, accurate, predictive air quality data to help control air pollution across the world
- Traction: Revenue increased over 200% outside the home market in 2020 with Airly deployed in 600 cities collecting more than 20,000 data points as users passed 2 million
- Expansion: Airly to open offices in the UK and US as it doubles staff count
LONDON, March 22, 2021 /PRNewswire/ -- Cleantech business Airly, Inc. today announced it has raised a $3.3m funding round to scale its AI-powered air quality platform globally. Airly's customers comprise over 600 local governments and cities including Hong Kong, Jakarta, Oslo, Granada, corporates such as Philips, Virgin, Innogy, PwC, Veolia and Skanska. Airly will open offices in the UK and US as it doubles staff count.
The funding round was led by firstminute capital, an early-stage venture fund based in London, which is led by Brent Hoberman CBE and backed by over 70 unicorn tech founders. Leading angel investors also participated, including: Uber founder Garrett Camp via Expa, Bolt CEO Markus Villig, founding Editor-in-Chief of WIRED David Rowan, Pipedrive founder Ragnar Sass and Ferry Heilemann, co-founder of Leaders for Climate Action. Previous investors, including Sir Richard Branson Family Office and Henkel board member Konstantin von Unger who also participated in the round. Existing investors include Giant Ventures and Sir Ronald Cohen's family.
Airly provides actionable insights about air quality with its AI-driven algorithms that predict air pollution for the next 24 hours with a verifiability of up to 95%. Airly gives customers across the globe an environmental intelligence platform by installing networks of sensors that track all the key pollution markers - particulate matter (PM1, PM2.5, PM10) and gases (NO2, O3, SO2 and CO). Airly's R&D department is also partnering with mobility companies to roll out sensor-equipped cars & scooters to track air quality with even higher resolution.
More than 10 million people die each year from air pollution, according to a new study — far more than the number of people who will ever die from Covid-19. Exposure to air pollution increases the risk of stroke, dementia, heart disease, lung cancer and chronic respiratory diseases, with children particularly vulnerable. Recent research by Airly shows a high correlation between air-borne particulate matter and deaths per capita related to Covid-19. The first person in the world to have air pollution exposure listed as a cause of fatality on her death certificate was announced in December 2020, when nine-year-old Ella Adoo-Kissi-Debrah died as a result of acute respiratory failure, severe asthma, and exposure to air pollution.
Airly CEO and co-founder Wiktor Warchałowski commented: "Polluted air is a plague on our health - it's like a pandemic in slow motion. Improving air quality needs to be at the core of the world's post-pandemic rebuild and Airly is the first step to pollution-free cities. With this funding, we can expand our global footprint to support even more cities, enterprises and communities to repair the air and empower them with data and actionable insights."
With 62% of the world's governments sharing no real-time air quality data, Airly provides accurate, ultra-local, predictive data for governments, media and businesses to tackle the issue of air pollution head-on. Airly's platform acts as a warning system for pollution at street level and in real time with greater accuracy and at lower cost for cities & enterprises.
firstminute capital Co-Founder and Executive Chairman Brent Hoberman said: "With public and political awareness of the air quality crisis reaching a tipping point - from California fires to the landmark cause of death case in London - air quality data will become a key utility for consumers, companies and policymakers. Thanks to their technology, which is orders of magnitude less expensive than incumbent solutions, Airly provides greater density and 95% accurate AI-driven prediction. At firstminute capital - we believe that the company has the potential to become a single source of truth for air quality globally."
In addition to improving its environmental intelligence platform and algorithms, Airly will use the money to expand its team with the addition of sales, marketing and engineering talents in several countries. The company will approximately double its current 35-person staff by the end of 2021.
Notes to the editor
For further information please contact the Airly press office:
Marcin Gnat, PR Manager at m.gnat@airly.org or +48507416727
About Airly
Founded in 2016 is a cleantech startup that provides ultra-local, accurate, predictive air quality data to help tackle air pollution globally. Airly enables governments, companies and individuals to reduce air pollution globally.
For more information visit www.airly.org or follow us on Twitter, Linkedin, Facebook, Instagram.
About firstminute capital
firstminute capital is a seed fund co-founded by Spencer Crawley and Brent Hoberman CBE, investing across Europe and the US, backed by over 70 unicorn founders. The fund was founded in 2017, and today has $240m AUM across two funds. The team is 18 people across London, Berlin and Stockholm. Their mandate is sector agnostic, and their typical ticket size is between $1-2m. In Europe they like to lead or co-lead, in the US they co-lead or follow.
https://www.firstminute.capital
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