Montana-Based Group Invests $55M in Home-Grown High-Tech Methane Detection Company, Bridger Photonics, Inc.
Summary
Bridgers strong growth history and growth potential, combined with the unique competitive positioning of Gas Mapping LiDAR in the methane detection space, made Bridger a compelling opportunity for the syndicate. The fit with Bridgers Montana roots and values-based mission formed a natural partnership between the parties.The co-lead investor in the syndicate, Madison Valley Partners, is a Bozeman based investment firm led by Steve Burke, the former CEO of NBCUniversal. "We are beyond excited to share the next stage of our journey with investors from right here in Montana that share our passion for sustainability," stated Roos, who cofounded Bridger Photonics alongside two graduate school colleagues from Montana State University. And you know, this group just feels right," Roos added.Located in Bozeman, Montana, Bridger Photonics, Inc. provides aerial methane detection, localization, and quantification across the natural gas value chain. Bridgers mission is to enable clean, safe, and streamlined oil and gas operations by providing actionable data for methane emissions reduction.