About Mysa
Mysa designs and sells smart thermostats specifically for electric heating and cooling systems. Their thermostats work with an accompanying app that allows users to control their heating and cooling remotely, set schedules, and use geofencing to optimize energy use. This technology can help users save up to 26% on their energy bills. Mysa differentiates itself from competitors by focusing on electric systems and providing seamless integration into smart home or office environments. The company's goal is to promote sustainable energy management and contribute to decarbonization efforts across North America.
St. John's, CanadaHeadquarters
2016Year Founded
$27.1MTotal Funding
SERIES_BCompany Stage
Energy, Consumer GoodsIndustries
51-200Employees
Benefits
Unlimited Paid Time Off
Flexible Work Hours
Health Insurance
401(k) Retirement Plan
401(k) Company Match
Parental Leave
Stock Options
Professional Development Budget
Wellness Program
Risks
Potential market saturation in North America could lead to pricing pressures.
Mysa LITE may cannibalize sales of higher-margin products if not managed carefully.
Dependence on returning investors may limit financial flexibility and growth opportunities.
Differentiation
Mysa offers the first high-voltage smart thermostat with smart learning features.
Mysa integrates with major smart home platforms like Amazon Alexa and Google Home.
Mysa's app provides up to 26% energy savings through remote control and scheduling.
Upsides
Mysa's expansion into Europe taps into a growing smart thermostat market.
Increased consumer interest in energy-efficient solutions boosts demand for Mysa's products.
Partnerships with utility companies enhance Mysa's market reach and consumer value.
Funding
Total raised$27.09 M
Latest valuation$101.50 M
StageSERIES_B
DEBT
6/30/2020$3
EARLY VC
5/31/2019$2
$11.50 M$2
$10.00 M