AAA Ecovent conditions $6.9m series A

Ecovent conditions $6.9m series A

US-based air conditioning technology developer Ecovent has closed a $6.9m series A round led by Emerson Climate Technologies, a subsidiary of eletronics equipment conglomerate Emerson.

Investment firms Tamarisc and Blue Fog Capital also contributed capital to the round.

Founded in 2013, Ecovent has created a smart air conditioning system that allows homeowners to regulate temperatures for each room individually. The system is automated using self-configuring sensors and vents.

Ecovent received $2.8m in seed funding in October 2014 from Otter Consulting, Boston Syndicates and a range of angel investors, having raised $600,000 in angel funding in May the same year, according to a regulatory filing.

Dipul Patel, co-founder and chief executive of Ecovent, said: “It is incredibly exciting to have the support of an industry titan like Emerson to help us bring Ecovent to a larger audience as we change the way homeowners experience comfort in their homes.”

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