Polish cleantech startup Airly raises $5.5M in a Series A round

The Kraków and London-based cleantech startup Airly has raised $5.5 million in a Series A round to accelerate its expansion into new markets. The round was co-led by firstminute capital and Pi Labs, with participation from returning investors, TechCrunch informs.

• Founded in 2016 by Aleksander Konior and Michal Misiek, Airly develops a platform for air quality monitoring and analysis for local governments, municipalities and private companies. The platform’s insights help communities gauge real-time health risks of poor air quality, based on WHO standards or illegal emissions. It analyzes trends to identify sources of pollution, and gives recommendations on how to improve air quality. 
• Currently, Airly headquarters in London and Kraków, and has more than 500 clients in over 40 countries. The company has installed 165 sensors in Warsaw, and claims it’s the largest air quality monitoring network in Europe.
• The round was led by two UK early-stage VC funds, firstminute capital and Pi Labs. Returning investors like the Sir Richard Branson Family Office, AENU and Untitled also participated. In total, Airly has raised $8.8 million since March 2021.
• Airly will spend the fresh funding for research, development and further expansion into new markets, outside of Poland and the UK.