🪟Window inefficiencies are responsible for up to 30% of a homeowners’ heating and cooling bills. MIT spin-out, AeroShield Materials, raises $5M to fix this.
𝗪𝗵𝗼 𝗮𝗿𝗲 𝘁𝗵𝗲𝘆?
AeroShield, founded by Elise Strobach, Kyle Wilke, and Aaron Baskerville-Bridges, was set up to enable our homes to be more sustainable and efficient using the world’s most transparent silica aerogels.
"We will turn our scientific breakthrough into the first certified transparent aerogel windows and begin saving residents billions in heating and cooling costs,”
- Dr. Elise Strobach, CEO at AeroShield
𝗧𝗵𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁
The funding, from existing investors Massachusetts Clean Energy Center and MassVentures as well as new investor MassMutual Ventures, will support AeroShield in scaling its business by enabling the company to expand its team to more than 30 employees. Moreover, the announcement comes in tandem with the launch of their new 12,000 square-foot manufacturing facility.
"The company has created an elegant solution which at scale provides a compelling economic proposition to the end-user. Installing AeroShield products will simply be a better financial decision.”
- Karl Beinkampen, Venture Partner at MassMutual Ventures
Read more about the raise, including comments from Charlie Hipwood, CEO of Mass-Ventures, and Emily Reichert, CEO of the Massachusetts Clean Energy Center and AeroShield's plans to expand, via the article linked below. 👇
https://lnkd.in/dhqapxkv
#PropTech #VC #CleanTech #RealEstate
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