# Transaera

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

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: Somerville, US
- Website: www.transaera.com
- Total disclosed funding: $9.1M
- Latest round: Seed (Oct 17, 2024)
- Investors on record: 6

## About

Based in Massachusetts, US, and founded in 2018, Transaera, Inc. operates as a manufacturer of air conditioners that features reduced GHG (greenhouse gases) emissions. The company is a spinout from MIT (Massachusetts Institute of Technology) and was co-founded by Sorin Grama (Chief Executive Officer), and Mircea Dinca (Chief Scientist). In November 2024, Transaera, Inc. raised USD 8.2 million in seed funding led by new investor Clean Energy Ventures, with participation from another new investor MassMutual Ventures. Returning investor Energy Impact Partners also participated in the round. In November 2024, Transaera, Inc. received USD 2.3 million of grant funding from new investor U.S. Department of Energy.

The company develops and offers an air conditioner that is capable of generating maximum cooling effect while reducing greenhouse emissions. The firm’s system utilizes a patented sponge-like material to absorb moisture or humidity from indoor environments, resulting in efficient air cooling compared to conventional systems. As of 2022, Transaera, Inc. performs research and development at Greentown Labs, a climate tech startup incubator in North America.

The company plans the November 2024 funding to transition from pilots to commercial deployments and scale manufacturing efforts.

## Funding rounds

- Seed, Oct 17, 2024, $5.4M — MassMutual Ventures, Energy Impact Partners, Clean Energy Ventures
- Seed, Jul 8, 2022, $3.6M — Saint-Gobain Group, Carrier Corporation, Massachusetts Clean Energy Center, Energy Impact Partners

## Investors

- Saint-Gobain Group — Seed
- Carrier Corporation — Seed
- Massachusetts Clean Energy Center (https://capitalatlas.ai/funds/massachusetts-clean-energy-center) — Seed
- Energy Impact Partners (https://capitalatlas.ai/funds/energy-impact-partners) — Seed
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Seed
- Clean Energy Ventures (https://capitalatlas.ai/funds/clean-energy-ventures) — Seed