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Real Estate and Construction Tech Series B Founded 2016

Mysa

Mysa provides app-based connected thermostats designed for high-voltage electric heating systems including baseboard heaters, fan-forced heaters, and in-floor heaters. Features include location-based control, vacation mode, and energy scheduling through Android and iOS applications. Founded in 2016 and headquartered in St John's, Canada, Mysa has raised approximately $22.9M in Series B funding from investors…

📍 St John s, Canada · Facility Management Tech,

Funding snapshot

Last roundSeries B
Amount$16M
Date3 November 2021
Total raised$23M
Team size107

About

Mysa provides app-based connected thermostats designed for high-voltage electric heating systems including baseboard heaters, fan-forced heaters, and in-floor heaters. Features include location-based control, vacation mode, and energy scheduling through Android and iOS applications. Founded in 2016 and headquartered in St John's, Canada, Mysa has raised approximately $22.9M in Series B funding from investors including Killick Capital, BDC, Cycle Capital, Export Development Canada, and Round13. The company employs 107 people and addresses the previously underserved market of electric baseboard heating, which is common in apartments and homes without central HVAC systems. Mysa's smart thermostats enable zone-by-zone temperature control and energy savings for electric heating systems.

Business model

Smart Homes > HVAC > Smart Thermostats,

Energy Efficiency Tech > Energy Management System > HVAC Management > Residential,

Facility Management Tech > Building Management > Building Energy Management > HVAC

Institutional investors

Killick Capital Pelorus Venture Capital Cycle Capital Export Development Canada Round13 Climate Innovation Capital Propel Conconi Growth Partners

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