Cycle Capital Management leads Mysa’s $20.3 million Series B equity funding round

On November 4, 2021, Cycle Capital Management, an impact investor and a leading private cleantech venture capital investment platform with $0.5 billion under management, announced the closing of Mysa’s $20.3 million Series B equity funding round led by Cycle Capital. Mysa’s mission is to fight climate change by creating energy-efficient smart thermostats for electric home heating and cooling.

Co-investor Round13 Capital, through its Earth Tech Fund, Climate Innovation Capital and BDC’s Cleantech Practice, as well as existing investors Export Development Canada and Killick Capital also joined Mysa’s mission to fight climate change through the continued development of market-leading energy efficiency hardware and software, the creation of future-focused Demand Response solutions for electrical utilities, and the expansion of Mysa’s marketing and distribution channels on an international scale.

A Fasken team composed of Antonella Penta, Véronique Harvey-Bertrand and Anthony Sylvain advised Cycle Capital Management in connection with this transaction.