Tech Company Financing Transactions
Transaera Funding Round
On 11/4/2024, Transaera received $10.5 million in Seed funding from Clean Energy Ventures, Energy Impact Partners and MassMutual Ventures.
Transaction Overview
Company Name
Announced On
11/4/2024
Transaction Type
Venture Equity
Amount
$10,500,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to transition from pilots to commercial deployments and scale manufacturing efforts.
Company Information
Company Status
Private & Independent
Industry
Environmental
Mailing Address
444 Somerville Ave. Greentown Labs
Somerville, MA 02143
USA
Somerville, MA 02143
USA
Phone
Undisclosed
Website
Email Address
Overview
Transaera is developing a new class of affordable, energy-efficient, sustainable cooling systems. Cooling is set to become the world's single largest use of electricity in buildings by 2050. The majority of new demand will come from emerging economies with hot and humid climates and a growing middle-class.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sorin Grama
Chief Scientific Officer
Mircea Dinca
Chief Technical Officer
Ross Bonner
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We document all VC transactions involving tech companies. VC investment data records reported here are sourced from publicly available VC deal announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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