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
Email Address
Not Recorded
Overview
7AC Technologies develops energy-saving ultra-efficiency air conditioning systems.
Profile
7AC Technologies LinkedIn Company Profile
Social Media
7AC Technologies Company Twitter Account
Company News
7AC Technologies News
Facebook
7AC Technologies on Facebook
YouTube
7AC Technologies on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Jed Swan
  Jed Swan LinkedIn Profile  Jed Swan Twitter Account  Jed Swan News  Jed Swan on Facebook
Chief Marketing Officer
Matthew Perkins
  Matthew Perkins LinkedIn Profile  Matthew Perkins Twitter Account  Matthew Perkins News  Matthew Perkins on Facebook
Chief Operating Officer
Shawn Montgomery
  Shawn Montgomery LinkedIn Profile  Shawn Montgomery Twitter Account  Shawn Montgomery News  Shawn Montgomery on Facebook
Chief Technical Officer
Peter Luttik
  Peter Luttik LinkedIn Profile  Peter Luttik Twitter Account  Peter Luttik News  Peter Luttik on Facebook
VP - Bus. Development
Rudy Chou
  Rudy Chou LinkedIn Profile  Rudy Chou Twitter Account  Rudy Chou News  Rudy Chou on Facebook
VP - Finance
Suzanne Oakley
  Suzanne Oakley LinkedIn Profile  Suzanne Oakley Twitter Account  Suzanne Oakley News  Suzanne Oakley on Facebook


 

 

Browse more venture capital transactions:

Prev: 7/23/2012: Asana venture capital transaction
Next: 7/24/2012: Tintri venture capital transaction

 

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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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