Tech Company Financing Transactions
Infinite Cooling Funding Round
Infinite Cooling, based in Cambridge, secured $12.3 million from Material Impact Fund and private investors.
Transaction Overview
Company Name
Announced On
6/30/2021
Transaction Type
Venture Equity
Amount
$12,250,000
Round
Series A
Investors
Material Impact Fund (Lead Investor)
Proceeds Purpose
The company will use the funds to amplify the company's momentum, deploy its product on large-scale facilities, and expand its growing customer base.
Company Information
Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
127 Massachusetts Ave.
Cambridge, MA 02142
USA
Cambridge, MA 02142
USA
Phone
Undisclosed
Website
Email Address
Overview
Infinite Cooling is an award-winning startup and our mission is simple: to mitigate water scarcity around the world. We help power plants and other industrial processes dramatically reduce their water consumption and water treatment costs by recovering water from their cooling tower exhausts.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Kripa Varanasi
Chief Executive Officer
Maher Damak
Chief Technical Officer
Karim Khalil
VP - Bus. Development
Ted Kowalski
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