PRESS RELEASE: Mysa Smart Thermostats Secures Second Round of Funding To Help Electric Heat Owners Cut Down Their Bills
Newfoundland-based smart-home tech company Mysa Smart Thermostats are pleased to announce that they have secured a second round of investment to help them deliver their smart thermostats to more homes throughout North America. The investment of over two million dollars comes from a combination of new private financiers and an injection of fresh capital from previous investors. It ensures that Mysa has the capital to develop new products and continue support of their flagship product - a smart thermostat that helps people with electric heating systems like baseboard or fan-forced heaters cut down on their bill by up to 26%.
Original investors Killick Capital and Pelorus Ventures have been joined by numerous investors from all across Canada. In addition, Chris Huskilson, former CEO of Halifax-based clean energy innovator Emera has also joined the Board of Directors. When asked about the opportunity, Huskilson notes:
“I am proud to be invested in and joining the board of Empowered Homes, producers of the Mysa Smart Thermostat. This homegrown Atlantic Canadian company will make a real difference to the efficiency and comfort of homes across North America."
Market Growth: Quebec
New Quebec-based investor Nicholas Ponari sums up his interest in joining a rising Canadian green tech company:
"While it was certainly the quality and the functionality of the Mysa thermostats that led me to Empowered Homes, it was by far and large the skillful execution of the management's business strategy and their staggeringly large progress in a short amount of time that made me want to join the family. I don't see it as just an investment, but a partnership. My investment in Empowered Homes represents faith in Canadian Tech, Newfoundland and Labrador (which doesn't get enough credit in the tech space and Canada at large), and a pledge to get behind green tech startups which will be leading the charge in protecting the environment for the next few critical decades to come. I'm incredibly proud to be associated with this company and this group of talented, young leaders and the future is bright for the Green brothers."
Market Growth: The Pacific Northwest
New B.C. based investor Alex Conconi, President of Conconi Growth Partners, also chimes in on his interest and investment in Mysa:
"We have been so impressed with the level of scalability and innovation that Mysa has demonstrated under the leadership of the Green brothers. As the only smart-home investment backed by CGP, we couldn't be more excited to be part of the Empowered Homes movement and the work being done to build a more sustainable future for homeownership in Canada."
About Mysa and Our Mission
Mysa’s Smart Thermostat is particularly useful for many parts of Canada and the Northern US where electric heating is common. Mysa gives homeowners more control over their electricity bills - and it’s been a roaring success. Controlled from the Mysa smartphone app or smart home assistants like Alexa, Google Home, or Apple HomeKit, Mysa now lives in thousands of homes throughout North America, and as electricity prices are forecasted to rise, the need to cut down on energy bills is more evident than ever as a cold winter begins to take hold.
Saving energy was a goal from the start, as CEO Josh Green reflects: “At its most basic level, Mysa is all about energy efficiency and keeping people comfortable. We have built, and will continue to build, advanced heating and control features that push the capability of smart home technology, but they will always focus on helping customers save energy and be comfortable in their homes.”
With massive growth in sales and further product development in the pipeline, Mysa is poised to become the leading brand for the energy conscious, smart consumer.