# Exergyn

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/exergyn

- Industry: Power & Utilities
- Headquarters: Dublin, Ireland
- Website: www.exergyn.com
- Total disclosed funding: $34M
- Latest round: Series A (Dec 20, 2021)
- Investors on record: 3

## About

Exergyn specializes in emission-free heat pump technology, utilizing solid-state innovations to provide sustainable heating and cooling solutions for various sectors.Founded in 2012 in Dublin, Ireland, Exergyn is focused on developing advanced heat pump solutions that eliminate refrigerants. The company has undergone strategic pivots to enhance its offerings and operates independently. Alan Healy is the founder. As of December 2021, Exergyn raised EUR 30 million in a Series A funding round, with a total amount raised of EUR 30 million and a current company valuation of EUR 59.847 million. The funding was supported by investors including Lacerta Partners, McWin, and Mercuria.Exergyn's primary offering is a groundbreaking, emission-free heat pump that operates without refrigerants, leveraging innovative solid-state technology. The core of this product is a modular system made from shape memory alloy (SMA), designed to efficiently convert thermal energy for heating and cooling applications. This technology addresses key challenges in the HVAC sector, such as environmental impact and service costs associated with traditional refrigerants. Target end users include commercial and residential sectors seeking sustainable energy solutions, and the products are marketed across various geographical regions, including Europe, North America, and potentially Asia. Exergyn's commitment to environmentally friendly solutions positions it strongly within a growing market focused on combating climate change.The revenue model for Exergyn is centered on direct-to-business transactions, primarily focusing on partnerships with engineering firms and HVAC system distributors. Customers typically engage in agreements for the provision of Exergyn's heat pumps and related services, which may include installation and maintenance. The structure of these transactions is designed to foster long-term relationships, with potential for recurring revenue through service contracts and upgrades. Pricing plans may vary depending on the scale of the projects and specific customer requirements; however, details on specific pricing tiers for the heat pumps or associated services have not been disclosed. The company's flagship technology positions it uniquely in the clean energy market, contributing to its anticipated growth trajectory.In December 2021, Exergyn raised EUR 30 million in Series A financing, co-led by Mercuria and Lacerta Partners, with participation from McWin. This funding will be utilized to bring its technology to market through partnerships with multinational corporations. Exergyn plans to expand its market presence, particularly in Europe and North America, and potentially into Asian markets, although specific timelines for these expansions have not been disclosed.

## Funding rounds

- Series A, Dec 20, 2021, $34M — Mercuria, McWin, Lacerta Partners

## Investors

- Mercuria — Series A
- McWin (https://capitalatlas.ai/funds/mcwin) — Series A
- Lacerta Partners — Series A