Tech Company Financing Transactions
Therma Funding Round
On 2/7/2023, Therma secured $19 million in Series A investment from Zero Infinity Partners, Ananta Capital and CityRock.
Transaction Overview
Company Name
Announced On
2/7/2023
Transaction Type
Venture Equity
Amount
$19,000,000
Round
Series A
Investors
Proceeds Purpose
Therma° will deploy the funding to become a scalable electric grid partner by dynamically lowering energy demand from cooling assets while saving customers money on utility bills.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
1516 Folsom St.
San Francisco, CA 94103
USA
San Francisco, CA 94103
USA
Phone
Undisclosed
Website
Email Address
Overview
Therma (formerly CoInspect) is a technology startup that builds hardware and software tools to protect the planet. They offer IoT-powered temperature monitoring and analytics to prevent food, product, and energy waste. The company rebranded from CoInspect to Therma in March 2021 after the founders decided to pivot from food safety and evolve their digital checklist app that kept restaurant equipment safe into an IoT monitoring solution that provided automated alerts and reporting regarding issues in a broader set of application areas impacting climate change.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Manik Suri
Chief Technical Officer
Andrew Hager
VP - Bus. Development
Aaron Cohen
VP - Product Management
Amber Hager
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