Pascal Raises $8M to Develop Energy-Efficient HVAC Solutions

Pascal Raises $8M in Seed Funding

Key Highlights:

• Seed Funding: Pascal, a Cambridge-based startup developing heat pumps and refrigerators based on solid refrigerants, raised $8 million in seed funding.
• Investors: Engine Ventures led the round, with participation from Khosla Ventures and previous investor Blindspot Ventures.
• Product Development: Funds will be used to productize Pascal's low pressure, solid refrigerant-based system and expand its team of mechanical engineers, chemists, and material scientists.

Pascal's Target Market

• Commercial HVAC Industry: Companies in the commercial refrigeration supply chain and organizations with heating and cooling needs across distributed locations.
• Energy Efficiency and Sustainability: Organizations focused on reducing direct refrigerant emissions and improving energy efficiency in HVAC systems.
• Manufacturing and Industrial Partners: Partnerships with manufacturers and suppliers in the HVAC component supply chain.

What Pascal Needs to Buy

• Manufacturing Equipment and Supplies: Partnerships with manufacturers and suppliers for producing heat pumps and refrigerators based on solid refrigerants.
• Research and Development Collaboration: Collaborations with mechanical engineers, chemists, and material scientists to further develop and enhance Pascal's solid refrigerant-based system.
• Marketing and Sales Support: Services to support market expansion, customer acquisition, and promotion of Pascal's energy-efficient HVAC solutions.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.