Tech Company Financing Transactions
7AC Technologies Funding Round
3M Corporation participated in a Series B funding round for 7AC Technologies. The round was announced on 7/23/2012.
Transaction Overview
Company Name
Announced On
7/23/2012
Transaction Type
Venture Equity
Amount
Unknown
Round
Series B
Investors
3M Corporation (Stefan Gabriel)
Proceeds Purpose
The money will go toward product development as the company plans to introduce a commercial prototype in coming months using its liquid desiccant technology to remove humidity from the air. Vandermeulen said the money will also go toward hiring a couple more people to replace a few interns who will be leaving in a couple weeks.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
100 Cummings Ctr. 265g
Beverly, MA 01915
USA
Beverly, MA 01915
USA
Phone
Website
Email Address
Not Recorded
Overview
7AC Technologies develops energy-saving ultra-efficiency air conditioning systems.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jed Swan
Chief Marketing Officer
Matthew Perkins
Chief Operating Officer
Shawn Montgomery
Chief Technical Officer
Peter Luttik
VP - Bus. Development
Rudy Chou
VP - Finance
Suzanne Oakley
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We report on all VC transactions involving tech companies. VC transactions on this site are sourced from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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