H2scan Corporation Receives $4,000,000 Series D Financing Round

Feed Type
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
Venture Investor
Chrysalix Energy
Venture Investor
Tech Coast Angels
Venture Investor
Pasadena Angels