Grandperspective closes Series A financing of EUR 7 million together with Saudi Aramco Energy Ventures and existing investor

The funding will be used to support the worldwide commercialization of Grandperspective’s scanfeld® system and for the development of new software applications. With its unique software, scanfeld@ already offers early warning in case of hazardous emissions. In addition, the system will provide features for plant maintenance and ESG reporting.

René Braun, CEO of Grandperspective, highlights the visionary potential of the new partnership: “SAEV is known for its great expertise in scaling industrial innovations. We see a unique chance for setting a new standard of emission monitoring in this joint effort. Together we can demonstrate how the autonomous monitoring of industrial plants provides safety and contributes to the achie-ement of the sustainability goals. We provide continuous knowledge about all emissions of the chemical and petrochemical plant to empower our customers and facilitate change. Because in the end, what you don’t measure you don’t manage.”

“For Aramco Ventures, this investment in Grandperspective via our SAEV fund is very strategic. The application of the Grandperspective technology has the potential to provide many safety, eco-nomic and operational benefits across our facilities” said Mahdi Aladel, CEO of Aramco Ventures.

Kreske Nikelsen, partner of kineo capital, adds: ”We at kineo capital are proud to continue our support of Grand Perspective with equity as well as tailored debt financing. We are sure that the Grand Perspective solution is increasingly relevant. It provides a very high level of safety on industrial production through the early detection of gas leaks and, in addition, can support a predictive maintenance schedule based on the monitoring data sets which will lower the overall risk and costs of running such a site.”

Thilo Neu, senior investment manager of Brandenburg Kapital, explicated: “For Brandenburg the investment with SAEV and other important investors illustrates the importance as an actual location of High-Tech-companies. Grandperspective will have a world-wide impact on safety-engineering for chemicals and process industry.”

“The remote monitoring solution developed by Grandperspective sets new standards by offering an unmatched fast and precise localization of gas leaks. The successful financing round demonst-rates the excellent work of the team around the founders René Braun, Peter Maas and Alexander Herrmann and paves the way for further scaling,” said Dr. Gernot Berger, Senior Investment Manager at High-Tech Gründerfonds.

About Saudi Aramco Energy Ventures (SAEV):

SAEV is the corporate venturing program of Aramco Ventures, a subsidiary of Aramco, the world’s leading integrated energy and chemicals company. Its mission is ‘to invest globally into start-up and high growth companies with technologies of strategic importance to Aramco. For more information, visit www.saev.com

About Grandperspective GmbH (GP):

Grandperspective has developed the world’s first early warning system called scanfeld®. With scanfeld® based on FTIR spectroscopy, hundreds of different gases are located, identified and quantified from a distance of up to one kilometer. With just a few scanfeld® sensor units, even large areas, warehouses and production facilities can be monitored in this way. Gas leaks are quickly detected and the formation of dangerous gas clouds is tracked, measured and visualized in real time. www.grandperspective.de

About Brandenburg Kapital/ILB:

Brandenburg Kapital GmbH is a subsidiary of the Investitionsbank des Landes Brandenburg (ILB). Since 1993, as the venture capital arm of ILB, it has supported Brandenburg-based companies by acquiring equity stakes and equity-like investments. As a public venture capital company, experienced lead investor and active partner, Brandenburg Kapital ensures a strong equity base for start-ups and small and medium-sized enterprises in the State of Brandenburg on the basis of a stable group environment. The Early-stage and Growth Fund is currently available in the amount of around 100 million euros for this purpose. The funds for the Brandenburg Kapital fund, which was set up on behalf of the Brandenburg Ministry of Economics, are currently provided by the European Fund for Regional Development and by the ILB. Through ILB's investment activities, 244 companies have so far been supported on their growth course with around 275 million euros. In addition, private investors have invested more than 600 million euros in the companies to date. For more information: www.brandenburg-kapital.de

About High-Tech Gründerfonds:

The seed investor High-Tech Gründerfonds (HTGF) finances tech start-ups with growth potential and has supported over 680 start-ups since 2005. With the launch of its fourth fund, HTGF now has over 1.3 billion euros under management. Its team of experienced investment managers and start-up experts support young companies with expertise, entrepreneurial spirit and passion. HTGF’s focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. To date, external investors have injected more than 4 billion euros of capital into the HTGF portfolio via more than 1,900 follow-on financing rounds. In addi-tion, HTGF has already successfully sold shares in more than 160 companies. Fund investors in this public-private partnership include the German Federal Ministry for Economic Affairs and Cli-mate Action, KfW Capital and the Fraunhofer-Gesellschaft along with over 40 companies from a wide range of industries. For more information: www.htgf.de/en