H2scan Corporation Receives $4,000,000 Series D Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ddf6e841-3ffa-45d9-89bb-07c909535c77&Preview=1 -
Date
7/31/2008 -
Company Name
H2scan Corporation -
Mailing Address
28486 Westinghouse Place Valencia, CA 91355 -
Company Description
H2scan Corporation is headquartered in Valencia, California, and was formed September 18, 2002 through an MBO with capital assistance from Vancouver-based Chrysalix Energy Limited Partnership and Ravinia Venture Fund. The company was created upon the purchase of all sensor assets of DCH Sensor Corporation. -
Website
http://www.h2scan.com -
Transaction Type
Venture Equity -
Transaction Amount
$4,000,000 -
Transaction Round
Series D -
Proceeds Purposes
Proceeds from the funding have been used to upgrade the production and R&D facility, purchase additional equipment and provide additional funds for sales and marketing efforts, including the recently announced hiring of an East Coast sales manager. -
M&A Terms
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Venture Investor
Chrysalix Energy -
Venture Investor
Tech Coast Angels -
Venture Investor
Pasadena Angels
