HyperBorean, a Wichita, Kan.-based heating, ventilation and air conditioning (HVAC) startup received $2.1m in angel funding.
Backers included members of Landmark Angels and Precocity Capital, both in Connecticut, and a principal with Heartland P5 in Kansas City. Additional angel investors are located in Wichita, Tulsa, and Kansas City.
This angel round will allow the company to fund third party field tests and will fund the growth of the team and sales channels.
Founded in 2013 by Todd Gentry, HyperBorean spent over four years doing research and development to invent an air conditioning compressor that converts waste heat into a power source for cooling. By using a heat source like concentrated solar power (CSP) the technology can be used to cool structures without the need for grid power.
FinSMEs
02/01/2019