GHGSat Incorporated announced that it has received $45 million in funding from Investissement Québec, Investment Arm, OGCI Climate Investments LLP, BDC Capital Inc., Fonds de solidarité FTQ, Schlumberger Limited, Space Angels Holdings, Inc.

On July 15, 2021, GHGSat Incorporated closed the transaction. The company has received $15,000,000 in its second and final tranche. The company has raised $45,000,000 in the transaction. The company has raised $70,000,000 in the funding till date.