enVerid Systems, a Westwood MA-developer of HVAC Load Reduction® (HLR®) technology, completed a $20m Series B round of financing.
The round was led by Breakthrough Energy Ventures with participation from Ajax Strategies, Building Ventures and OurCrowd.
The company intends to use the funds to to scale support and operations, increase its investment in product development and expand its market coverage with additional distribution partners.
Led by Christian Weeks, CEO, enVerid Systems provides innovative HVAC products that lower upfront system costs and reduce annual energy consumption while improving indoor air quality (IAQ). To eliminate waste in HVAC energy consumption, the company’s HLR technology cleans a building’s indoor air at a molecular level, enabling the building to use far less outside air ventilation while improving indoor air quality.
In January, enVerid announced the hiring of HVAC industry veteran Doug Engel as Senior Vice President of Sales and Marketing. Other recent hires include Alex Goodwin as Vice President of Product Management and Mike Tomovich as Director of Engineering.