# Phase Change Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phase-change-solutions

- Industry: Energy Storage & Batteries
- Headquarters: Asheboro, US
- Website: www.phasechange.com
- Total disclosed funding: $5M
- Latest round: Series C (Aug 2, 2022)
- Investors on record: 5

## About

Phase Change Solutions, based in North Carolina, specializes in temperature control solutions using phase change materials, notably BioPCM®, to enhance energy efficiency across multiple industries.Phase Change Solutions (PCS) was founded in 2011 and is headquartered in Asheboro, North Carolina, US. The company focuses on developing innovative thermal management solutions. The founder, Byron Owens, has a background that includes founding other ventures. PCS has engaged in three funding deals, with the latest being a Series A round in August 2022, raising USD 5.00 mn led by Third Prime Capital, which marks the total amount raised by the company.Phase Change Solutions specializes in temperature control and energy-efficient solutions through the innovative use of phase change materials (PCMs), notably their flagship product, BioPCM®. This technology stabilizes temperatures across various applications, making it effective in logistics for perishables and pharmaceuticals, buildings, structures, as well as telecom and data centers. BioPCM® products maintain optimal temperatures to help customers reduce energy consumption and achieve sustainability goals, serving clients in logistics, construction, and technology sectors across North America, Europe, and parts of Asia.Phase Change Solutions generates revenue primarily through B2B transactions, focusing on partnerships with global OEMs and direct sales to end users. The revenue model encompasses contracts for the supply and installation of BioPCM® products along with ongoing service agreements for maintenance and support. Clients engage PCS for large-scale installations tailored to specific industry needs, ensuring solutions align with operational requirements, particularly for flagship products like the BioPCM® and Apollo™ Panel.In August 2022, Phase Change Solutions raised USD 5.00 mn in Series A funding to accelerate growth and innovation. The company plans to launch new products designed for enhanced thermal management and energy efficiency. Additionally, PCS is targeting expansion into new geographic markets, particularly in Europe and Asia, by the end of 2023. The recent funding will support these product developments and market expansion initiatives.

## Funding rounds

- Series C, Aug 2, 2022 — Emerald Technology Ventures, Third Prime Capital, Circulate Capital, Retirement Plan for Hourly Paid Employees of GAF Materials, GC Ventures
- Series A, Mar 20, 2017, $5M — Third Prime Capital

## Investors

- Third Prime Capital (https://capitalatlas.ai/funds/third-prime-capital) — Series A, Series C
- Emerald Technology Ventures (https://capitalatlas.ai/funds/emerald-technology-ventures) — Series C
- Circulate Capital (https://capitalatlas.ai/funds/circulate-capital) — Series C
- Retirement Plan for Hourly Paid Employees of GAF Materials — Series C
- GC Ventures — Series C