Tech Company Financing Transactions
Modern Electron Funding Round
At One Ventures, private investors and IRONGREY participated in a $30 million Series B funding round for Modern Electron. This VC investment round closed on 2/15/2022.
Transaction Overview
Company Name
Announced On
2/15/2022
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series B
Investors
Proceeds Purpose
The funding will go toward continued product development and the upcoming pilot tests with big HVAC OEMs, which Pan said should be up and running in the next year.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
18912 North Creek Pkwy. 100
Bothell, WA 98011
USA
Bothell, WA 98011
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Modern Electron is a sustainable heat and power technology company that helps buildings and homeowners save money, reduce carbon emissions, and increase resiliency during power outages. Our technology transforms boilers' and furnaces' heat into power for use onsite, reducing wasted energy.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tony Pan
Chief Technical Officer
Max Mankin
VP - Engineering
Amit Goyal
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