dPoint Technologies, Inc., a Vancouver, BC, Canada-based developer of novel polymer membranes that are designed to improve the energy-efficiency of Heating, Ventilating and Air-Conditioning systems used in buildings, has closed a $2.6m financing round.
The new capital will be used primarily for working capital funding the company’s growth and to expand sales and R&D activities.
dPoint Technologies’ shareholders include GreenAngel Energy Corporation (“GreenAngel”) (TSX VENTURE:GAE), which currently holds 448,454 shares in the company. The financing was completed at a valuation representing an 87% increase in the value of GreenAngel’s dPoint holdings.
Commenting on the financing, James Dean, CEO of dPoint, said: “We are excited to complete the financing and how it will allow us to execute our business plan and provide the capital for our growth”.