Monday, September 22, 2008

Microstaq Raises $12.5M

Austin-based Microstaq said Monday that it has closed on $12.5M in a Series B funding round, for the firm's flow control valves for the HVAC industry. According to the firm, the round was led by Good Energies, and included prior investors Yaletown Venture Partners and Polygon Group. Microstaq said it would use the funding to expand sales and distribution of its products. Microstaq develops MEMS-based valves, used for improving the electricity compustion of HVAC systems. More information »