Tech Company Financing Transactions

Cala Systems Funding Round

Cala Systems closed a $5.6 million Seed funding round on 8/7/2024. Investors included Clean Energy Venture Group, Massachusetts Clean Energy Center and Burnt Island Ventures.

Transaction Overview

Company Name
Announced On
8/7/2024
Transaction Type
Venture Equity
Amount
$5,600,000
Round
Seed
Proceeds Purpose
The company intends to use the funds to expand operations and its development efforts.

Company Information

Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
444 Somerville Avenue
Somerville, MA 02143
USA
Phone
Undisclosed
Email Address
Overview
We're on a mission to decarbonize every tap. Residential water heating accounts for 3% of all U.S. greenhouse gas emissions and 19% of home energy use, contributing to sky-high bills for many households. We started Cala with the goal to decarbonize home water heating, lower costs, and create a better experience for consumers.
Profile
Cala Systems LinkedIn Company Profile
Social Media
Cala Systems Company Twitter Account
Company News
Cala Systems News
Facebook
Cala Systems on Facebook
YouTube
Cala Systems on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Michael Rigney
  Michael Rigney LinkedIn Profile  Michael Rigney Twitter Account  Michael Rigney News  Michael Rigney on Facebook
Vice President
Phillip Connaughton
  Phillip Connaughton LinkedIn Profile  Phillip Connaughton Twitter Account  Phillip Connaughton News  Phillip Connaughton on Facebook
Vice President
Mike Ting
  Mike Ting LinkedIn Profile  Mike Ting Twitter Account  Mike Ting News  Mike Ting on Facebook


 

 

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Where The Data Comes From

We do our best to record tech company VC transactions. VC investment data records reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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