Tech Company Financing Transactions
H2scan Funding Round
On 3/19/2022, H2scan landed $70 million in investment from GS Retail Fund and LetterOne.
Transaction Overview
Company Name
Announced On
3/19/2022
Transaction Type
Venture Equity
Amount
$70,000,000
Round
Undisclosed
Investors
GS Retail Fund (Yongsoo Huh)
LetterOne (Timothy Summers)
Proceeds Purpose
H2scan will use the funds raised to expand manufacturing, expand its auto calibration capabilities, add additional sales offices around the world, and enhance H2scan's marketing capability as well as funding further R&D for the next generation of disruptive and breakthrough products.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
27215 Turnberry Ln. A
Valencia, CA 91355
USA
Valencia, CA 91355
USA
Phone
Website
Email Address
Overview
Backed by 23 patents, H2scan manufactures disruptive state-of-the-art hydrogen sensor systems that enable low-level, real-time, in-stream detection and measurement for various applications.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Michael Allman
Chief Executive Officer
Dennis Reid
Chief Technical Officer
James Litton
VP - Bus. Development
Bharat Vats
VP - Operations
Jeff Khamnei
VP - Sales
Michael Nofal
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Prev: 3/19/2022: OpenComp venture capital transaction
Next: 3/19/2022: Project Canary venture capital transaction
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