Beverly, Massachusetts — Electronic technology company 7AC Technologies has landed $6.2 million in new equity venture capital financing, according to an SEC regulatory filing.
7AC has created what it calls a “membrane-isolated plastic plate technology that enables the design of highly efficient liquid desiccant-based HVAC solutions.”
The company says that the market for HVAC equipment is $.5 billion in the US and $100 billion globally.
Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.
Two investors participated in the offering.
7AC is still seeking $7 million in additional equity investment, according to the filing.