What is Mysa?
Founded in 2016 and headquartered in Newfoundland and Labrador, Canada, Mysa specializes in developing and manufacturing smart thermostats designed specifically for high voltage electric baseboard heaters. This niche focus allows the company to address a significant segment of the heating market, offering energy efficiency and enhanced control to consumers. Mysa's commitment to innovation in smart home technology positions it as a key player in the evolving energy management landscape.
How much funding has Mysa raised?
Mysa has raised a total of $16.9M across 2 funding rounds:
Angel/Seed
$600K
Series B
$16.3M
Angel/Seed (2017): $600K, investors not publicly disclosed
Series B (2021): $16.3M led by Round 13 Capital, Killick Capital, Export Development Canada, Climate Innovation Capital, Cycle Capital Management, and Cleantech Practice
Key Investors in Mysa
Round 13 Capital
Round13 Capital is a Canadian investment firm focused on nurturing the best companies for sustainable success over the next century. They invest primarily in vertical software, ecommerce, tech-enabled services, disruptive retail, and artificial intelligence sectors. The firm emphasizes the importance of high-quality teams and aims to scale successful businesses rather than settle for a few winners.
Killick Capital
Killick Capital is a leading private equity firm based in Atlantic Canada, focusing on partnering with local businesses and those in the aerospace sector. The firm aims to identify and fund investments that promise substantial growth and long-term value creation.
Export Development Canada
Export Development Canada provides risk management, secure financing, and working capital services. Their headquarters are located in Ottawa, Ontario, Canada.
What's next for Mysa?
The recent major strategic investment in Mysa signals a strong vote of confidence from its backers, likely enabling the company to accelerate product development, expand its market reach, and enhance its manufacturing capabilities. This infusion of capital is expected to fuel further innovation in smart home energy solutions and solidify Mysa's competitive advantage in the cleantech and smart home industries. The company is poised for continued expansion, leveraging its technological expertise to capture a larger share of the market.
See full Mysa company page
