ThermoShade
About this raise
ThermoShade, with a valuation of $5 million, is raising funds on MicroVentures. The company is developing sustainable outdoor cooling solutions to address the impact of extreme heat. ThermoShade panels are engineered to create cooler outdoor spaces without the need for water or grid electricity and can be easily installed in public spaces like parks, bus stops, and transit areas. The company has constructed and installed a full-scale proof-of-concept shelter at the La Kretz Innovation Campus in Los Angeles and has two pilot projects anticipated to be installed at a California city bus shelter and a Central Valley dairy farm in 2025. Emily Dinino and John Carl founded ThermoShade in June 2023. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $500,000. The campaign proceeds will be used for pilot deployments, engineering R&D, sales and marketing, and general and administrative expenses.
Investment Overview
Invested : $83,995
Deal Terms
Total Commitments
- Platform
- Microventures
- Start Date
- 11/28/2024
- Close Date
- 04/28/2025
$25,000
$500,000
$250
Convertible Note
Early Stage
RegCF
$4,000,000
$5,000,000
0%
Company & Team
Company
- Year Founded
- 2023
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2023
- Monthly Burn
-
$3,086
as of FY2023
-
Runway
-
7.5 months
as of Nov '24
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- Grants
- $205,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/28/2025 | Microventures | $5,000,000 | $83,995 | Convertible Note | Funded | RegCF |