Momentick raises $5 million

Emissions intelligence provider Momentick has raised $5 million to launch emissions risk management solutions for the insurance industry. The investment was led by FinTLV Ventures with support from Menomadin Foundation and TAU Ventures. The funding follows a successful proof of concept with Sompo Japan.

Founded in 2020, the Israeli startup uses multi-satellite imagery to detect, quantify and monitor methane and other greenhouse gas emissions across the planet.

Momentick plans to introduce “the world’s first Emissions Risk Management service” in collaboration with a global insurer, providing tools to evaluate emissions risks and design targeted policies.

“Insurance companies have long struggled with the lack of reliable data to accurately assess the emissions-related risks of energy companies. Our technology fills this critical gap by providing precise emissions data on a global scale. This represents a groundbreaking step in equipping insurers with the tools they need to evaluate emissions risk and design policies that reflect the realities of a changing climate.” – Daniel Kashmir, CEO and Co-Founder of Momentick.