ST. JOHN’S — Mysa Smart Thermostats, a Newfoundland-based smart tech company, announced Tuesday its secured an additional $2-million investment.
The investment comes from the tech company’s original investors, Killick Capital and Pelorus Vetures, as well as new private financiers from across the country.
The funding will allow the company to develop new products, as well as continue support of its flagship product — a smart thermostat that helps people with electric heating systems, such as baseboard heaters, to cut their bills by upwards of 26 per cent.
The funding will also help the company deliver its smart thermostats to more homes throughout North America.
The company also announced a new member on its board of directors: Chris Huskilson, former CEO of Emera.
“I am proud to be invested in and joining the board of Empowered Homes, producers of the Mysa Smart Thermostat. This homegrown Atlantic Canadian company will make a real difference to the efficiency and comfort of homes across North America,” Huskilson was quoted in a news release.