START: Leo Kankkunen, Founder & CEO, DAIVIN!: “Tankless Dive Gear - Breath Autonomy at Sea, Land & Space”

START: Leo Kankkunen, Founder & CEO, DAIVIN!: “Tankless Dive Gear - Breath Autonomy at Sea, Land & Space”

Author: Fondo June 21, 2026 Duration: 9:27

A single glass of water holds about 20 hours of breathing


Leo Kankkunen is building the gear that pulls it out


Tankless diving technology that generates breathable oxygen directly from water. 


It sounds impossible at first. Then you hear the physics...


Then you realize the implications stretch far past diving


Water is hydrogen and oxygen. Apply a DC current, swing away the electrons binding them, and you get the purest form of breathable gas.


The idea started with a simple frustration


Leo is an electrical engineer and a diver. Every dive exposed the same limits: Bulky tanks, Logistics, Safety risks, Cost, and Operational complexity.


Instead of accepting those constraints, he asked a question: Is there any way we could breathe like a fish?


That sent him down a rabbit hole into electrolysis


If water already contains oxygen, why haul tanks at all? 


Why not generate breathable oxygen exactly where and when it's needed?


Enter DAIVIN! (YC W26) - Tankless dive gear that generates oxygen directly from the water around you. No tanks to haul, fill, or run out of.


But diving is just the wedge


Anywhere breathing depends on a tank, the tank sets the limit. 


Crisis zones. High altitude rescue. Anywhere time is human lives. 


Generate the oxygen on site, and there's no supply chain to depend on.


🎙️ Leo Kankkunen, CEO & Founder, Daivin on Fondo START pod


00:18 What Daivin is building and why oxygen tanks are the real problem
00:43 One glass of water holds roughly 20 hours of breathing
01:05 The science of splitting water into oxygen and hydrogen with a DC current
01:38 The wearable system that draws in surrounding water and produces oxygen
02:10 Leo's path from electrical engineer and diver to founder
02:48 Where the tech stands today: commercial close, consumer further out
03:15 Why removing oxygen logistics matters in crisis response and rescue
03:38 The Netflix versus Blockbuster framing for oxygen infrastructure
04:05 Why water beats gas tanks for breathing beyond Earth
05:20 From a Slush side event in Finland to a YC interview within weeks
06:25 Building in San Francisco versus Finland and compressing months into weeks
07:15 Leo's advice for founders: build what genuinely interests you

Check out daivin.tech


Behind every startup's big idea is the less glamorous, but utterly essential, work of building a real business. The Startup Growth Podcast, from the team at Fondo, digs into that reality. Fondo itself is an all-in-one accounting platform designed for startups, handling everything from closing the books to filing taxes and even helping secure cash back from the IRS. This practical experience informs every conversation. You’ll hear founders and operators talk not just about vision, but about the tangible systems, financial decisions, and marketing pivots that actually fuel growth. Episodes move beyond theory to explore the operational choices that separate promising companies from sustainable ones. It’s a resource for entrepreneurs who understand that strategy is meaningless without execution, and that a healthy bottom line is the truest measure of progress. Tune in for honest discussions that bridge the gap between entrepreneurial ambition and the business fundamentals required to make it last.
Author: Language: English Episodes: 50

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