Pascal Raises $8M Seed Funding

Pascal, a Cambridge, MA-based startup developing heat pumps, air conditioners and refrigerators based on solid refrigerants, raised $8M in Seed funding.

The round was led by Engine Ventures, with participation from Khosla Ventures and previous investor Blindspot Ventures.

The company intends to use the funds to productize its low pressure, solid refrigerant-based system, conforming to commercial HVAC specifications, and expand its team of mechanical engineers, chemists, and material scientists.

Led by CEO Adam Slavney, Pascal provides a class of solid refrigerants that operate at lower pressures and can be used across a range of HVAC applications, including heat pumps, air conditioners, refrigerators and freezers. Its systems can be manufactured within the existing industrial ecosystem, using off-the-shelf parts from the conventional HVAC component supply chain. Companies operating in the commercial refrigeration supply chain, and any organization with heating and cooling needs across distributed locations can benefit from Pascal’s technology, which offers:

  • 0 direct refrigerant emissions
  • 50% – 80% improvement in energy efficiency
  • Smaller, quieter and safer systems
  • A direct interface with standard HVAC components

Commenting on the news, Adam Slavney said: “Heat pumps are a crucial tool for decarbonizing the HVAC industry, however they rely on polluting HFCs and are more expensive than gas furnaces. Pascal is building a better heat pump based on solid refrigerants that will deliver higher efficiencies at lower costs while eliminating all refrigerant emissions.”