Burnt Island Ventures’ Post

LAIIER's printed, low-cost stick-on sensors help property owners avoid massive water leakages and have the potential for applications in everything from mold detection to occupation sensing, to level monitoring and heat sensing, to in-pipe flow and quality monitoring, and much more. They're putting the smart in smart cities, and this next stage of growth in North America is deeply exciting. Massive congrats to Matt Johnson, Bibi Nelson, and the entire team LAIIER. Onward! 👏 💧

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📣 We’re delighted to announce that we’ve raised a $4M Seed Extension round to support our continued commercial expansion in North America! Damage and downtime from liquid leaks in commercial buildings and industrial equipment is a costly $19B+ annual problem that traditional leak detection methods don’t adequately address. We’re excited to offer even more commercial and industrial real estate owner operators a more reliable solution that positively impacts both financial and environmental metrics. 🙌 Huge thanks to our investors: the lead Closed Loop Partners' Ventures Group; existing investors Burnt Island Ventures and Mundi Ventures who participated again in this round; and new participants Bonaventure Capital, Carlisle Ventures, One Small Planet, and Virta Ventures! Read the full announcement: https://lnkd.in/ehDpmi7U #LAIIER #Investment #LiquidLeaks #LiquidLeakDetection #Growth #Expansion #Fundraise #InvestorLove

  • LAIIER's CEO & Co-founder Matt Johnson and Chief Product Officer & Co-founder Bibi Nelson.

Thank you Burnt Island Ventures - we are so grateful and excited to continue to work with you in this next stage of our growth!

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