Wednesday, January 15, 2020

H2scan Raises $13.5M More

Valencia-based H2scan, which develops hydrogen sensors and related technology for the utility and industrial market, has raised $13.5M in new funding, split between a $10.5M, equity funding and an additional $3M in venture debt. According to H2scan, the equity financing was a Series E, and came from Energy Growth Momentum, an UK-based private equity investor. The venture debt round came from El Dorado Investment Company/Pinnacle West Capital Corporation. According to H2scan, the new funding will go to increase its production capability and accelerate time to delivery for its next generation of products. Dennis Reid is President, CEO and Founder of H2scan. More information »