Every round on record, with the sources behind each and the investors on them.
A startup that makes efficient HVAC systems
mojavehvac.comSunnyvale, CAEnergyFounded 2022
14 sources
The release names Cleo Capital, not the record’s Cleo Ventures, and includes At One Ventures. No headquarters is stated; “SUNNYVALE, Calif.” is the release dateline, not a headquarters statement.
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Series B | $19M | 2026-09-23 | Fairtree Elevant Ventures | No recent discussion |
14 sources [ VERIFIED ] read against 14 sources The release names Cleo Capital, not the record’s Cleo Ventures, and includes At One Ventures. No headquarters is stated; “SUNNYVALE, Calif.” is the release dateline, not a headquarters statement. | ||||
Mojave Energy Systems builds liquid-desiccant HVAC systems that independently control temperature and humidity for commercial buildings.
Mojave targets a problem its pages say is increasingly important in modern commercial buildings: humidity control can consume more energy than temperature control, while its ArctiDry system independently controls both and customers report 30% to 60% lower energy use with typical payback under 18 months. Its latest $19 million Series B is intended to scale ArctiDry production, expand sales, and fund new platform products as grocery, industrial, healthcare, hospitality, and education customers adopt deliberate humidity control.
Checked against 10 sources on Sep 23
| EARLIER ROUNDS FROM COMPANY RESEARCH · DEVELOPING | ||||
| Series A | $9.5 million | 2024-12-18 | Fifth Wall, At One Ventures | |
| Seed | $12.5 million | 2023-09-18 | At One Ventures, Fifth Wall | |
Also named as backers in company research: Alumni Ventures Group, Earth Venture Capital, Xerox Ventures