Mysa

Mysa is a Canadian startup that offers a smart thermostat designed to provide complete control over electric heating or cooling systems through a single app. The company, founded in 2016, has gained recognition for its innovative approach to energy efficiency. With its proprietary app, users can harness smart features such as remote control, scheduling, and geofencing, resulting in potential energy bill savings of up to 26%. Mysa has made significant inroads into both consumer and large-scale decarbonization markets across North America, positioning itself as a key player in the ongoing shift towards electric heating. In November 2021, the company secured a substantial $20.30M Series B investment from a consortium of prominent funds including Cycle Capital, Export Development Canada, Killick Capital, Round13 Capital, Climate Innovation Capital, and BDC Capital Cleantech Practice. This funding round signifies a strong vote of confidence from the investment community and underlines Mysa's potential for further growth and impact in the climate change fight. With its focus on Consumer Electronics and the Internet industries, Mysa is well-positioned to capitalize on the increasing demand for smart, energy-efficient solutions, establishing itself as a compelling prospect for venture capital firms seeking promising opportunities in the sustainability and tech sectors.