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Bluon completes Series B with USD37m in financing

Bluon, a specialist in the HVAC-R space, has closed its Series B round with USD27.6 million in equity financing, adding to the USD9 million in already raised in venture debt.

The round was led by Bluon’s existing primary capital partner, Ecosystem Integrity Fund (EIF), and included significant participation from MacKinnon, Bennett & Company (MKB), a Canadian growth equity firm investing in innovative companies shaping the future of energy and transportation sectors.

Notably, the round also included participation from two significant HVAC industry players – Ferguson and Reece through their venture arms – Ferguson Ventures and Superseed Ventures, respectively.

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