7AC Technologies Receives Series B Financing

  • Feed Type
  • Date
    7/23/2012
  • Company Name
    7AC Technologies
  • Mailing Address
    92-94 Cummings Park Woburn, MA 01801
  • Company Description
    7AC Technologies, Inc. develops revolutionary Ultra Efficient Liquid Desiccant HVAC systems for Commercial and Industrial (C&I) buildings delivering a 50%+ reduction in energy costs over conventional HVAC units.
  • Website
    http://www.7actech.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    Undisclosed
  • Transaction Round
    Series B
  • Proceeds Purposes
    The money will go toward product development as the company plans to introduce a commercial prototype in coming months using its liquid desiccant technology to remove humidity from the air. Vandermeulen said the money will also go toward hiring a couple more people to replace a few interns who will be leaving in a couple weeks.
  • M&A Terms
  • Venture Investor
    3M Corporation

By posting a comment, you agree to our terms and conditions.