LAIIER Secures $4M Seed Extension Led by Closed Loop Partners

LAIIER, an innovator in liquid leak detection technologies, has successfully raised $4 million in an oversubscribed seed extension round. This latest funding was led by Closed Loop Partners' Ventures Group, with participation from both existing and new investors, including Mundi Ventures which initially led LAIIER's seed round in 2022. The capital infusion is expected to accelerate LAIIER's expansion in North America, strengthen its product offerings, and support its mission to mitigate the significant annual financial losses associated with liquid leaks globally. LAIIER has developed the Severn WLD technology and LAIIER Cloud platform, offering cutting-edge solutions in leak detection with high precision and scalability. Current deployments include major commercial operators in North America and Europe. The funding will also catalyze further integration with the insurance industry, as LAIIER aims to become a global leader in its sector. Mundi Ventures, a venture capital firm based in Madrid and known for its investments in emerging technologies within the insurance and climate tech sectors, reaffirms its commitment to LAIIER's vision of reducing damage and conserving water, especially as global water scarcity issues intensify. LAIIER's CEO, Matt Johnson, expressed optimism about the continued partnership with Mundi Ventures and the potential for transformative impacts across industries.