Momentick Raises $5 Million to Launch Insurance Emissions Solutions

Daniel Kashmir, Momentick CEO & Co-Founder

Momentick, a provider of emissions intelligence, has raised $5 million to launch its emissions risk management solutions tailored for the insurance industry. The funding round, led by FinTLV Ventures with participation from the Menomadin Foundation and TAU Ventures, builds on a successful proof of concept with Sompo Japan.

Using its proprietary satellite-based platform, Momentick offers precise global methane detection and real-time monitoring for risk analysis. The company is debuting the world’s first Emissions Risk Management service in collaboration with a global insurer, equipping the industry with tools to assess emissions risks and create targeted policies.

CEO and Co-Founder Daniel Kashmir noted the insurance sector’s long-standing challenge of insufficient emissions data, saying, "Our technology bridges this gap, providing accurate global emissions insights to design policies that meet climate realities."

Founded in 2020 by Daniel Kashmir, Lev Oren, Dr. Ophir Almog, and Dr. Adam Eshel, Momentick aims to help industries reduce emissions, innovate insurance products, and drive the net-zero transition.

Source: James Spiro / CTech