St. John’s-based Mysa Smart Thermostats has closed a $6.2 million funding round, comprising $3.2 million in equity funding from existing investors and a $3 million convertible loan from BDC Capital.
The raise is Mysa’s third seven-figure funding round in about two years, following a $1.5 million round in 2018 and a $2.3 million round in 2019.
BDC Capital, which is part of the federal government’s Business Development Bank of Canada, made the loan through its bridge financing program, through which it helps companies weather the COVID-19 crisis. The equity portion was led by Venture NL, a