P

Pascal

Solid refrigerants for energy-efficient HVAC

Overview

Pascal develops solid refrigerant technology for HVAC, aiming to replace traditional gaseous refrigerants. Its solid-state refrigerants are designed to operate at the same temperature and pressure as gases and work by absorbing and releasing heat inside HVAC equipment, enabling heating, cooling, and hot water generation. Pascal differentiates itself by delivering zero global warming potential while maintaining conventional operating conditions, which can allow for smaller, more energy-efficient systems and a shift in how HVAC manufacturers and service providers approach cooling and heating. The company’s goal is to cut energy use and the environmental impact of the HVAC sector and lead the industry toward cleaner, scalable refrigerant solutions.

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About Pascal

Simplify's Rating
Why Pascal is rated
C
Rated C on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Industrial & ManufacturingEnergy

Company Size

11-50

Company Stage

Seed

Total Funding

$16.5M

Headquarters

Cambridge, Massachusetts

Founded

2023

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Simplify's Take

What believers are saying

  • Pascal announced an $8 million seed round on May 8, 2024, led by The Engine.
  • On August 24, 2026, Pascal featured at Yale Cooling Conference and ATMO Europe.
  • Slavney targets pilot partners in 2027 and commercial deployment by 2029.

What critics are saying

  • Pascal still lacks disclosed commercial pilots, so revenue depends on unproven 2027 partnerships.
  • Magnotherm and MIMiC chase the same alternative-cooling manufacturers and partner channels.
  • If durability tests fail, Pascal stays a lab curiosity and future financing collapses.

What makes Pascal unique

  • Pascal's solid refrigerants run HVAC temperatures at low pressure with off-the-shelf components.
  • Adam Slavney says the system avoids HFCs, propane flammability, and CO2 ambient drawbacks.
  • The company already runs a three-door commercial cooler and lab benchtop demonstrator in Watertown.

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Funding

Total Funding

$16.5M

Above

Industry Average

Funded Over

2 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
$2.3M
$3M
$8.5M

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Unlimited Paid Time Off
  • Company Equity

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

-3%

2 year growth

14%
Mezha
Oct 21st, 2026
Pascal raises $8.5M to make refrigerators and heat pumps 20% more efficient

Pascal, a startup developing a cooling system it says could make refrigerators and heat pumps about 20% more efficient, has raised $8.5 million in a follow-on to its seed round. Sazze Partners and LB Investment co-led the round, with participation from KDB Silicon Valley. The system pairs carbon dioxide with a porous solid, rather than relying on conventional refrigerants alone. The company also signed a pilot contract with a multinational beverage company, chief executive officer Adam Slavney told TechCrunch. Pascal plans to deliver its first prototype early next year and hopes to produce a batch of more polished refrigerators in 2028. Slavney said the material has been cycled up to 300,000 times, which he described as about a year of operation.

Business Wire
May 14th, 2024
Pascal Raises $8M to Solve the HVAC Industry’s Climate Problem

Pascal, a startup developing high-efficiency climate-friendly heat pumps, air conditioners and refrigerators based on solid refrigerants, today introd

Citybiz
May 10th, 2024
Pascal Secures $8M for HVAC Innovation

Pascal, a startup based in Cambridge, MA, has secured $8M in seed funding to advance its development of HVAC systems using solid refrigerants. The funding round was led by Engine Ventures, with participation from Khosla Ventures and Blindspot Ventures. CEO Adam Slavney plans to use the funds to commercialize their innovative, low-pressure system and expand the team. Pascal's technology promises up to 80% better energy efficiency, zero direct emissions, and compatibility with existing HVAC components.

Business Wire
May 8th, 2024
Pascal Raises $8M To Solve The Hvac Industry’S Climate Problem

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Pascal, a startup developing high-efficiency climate-friendly heat pumps, air conditioners and refrigerators based on solid refrigerants, today introduced its novel technology and announced it has raised an $8 million seed round led by Engine Ventures, with Khosla Ventures and previous investor Blindspot Ventures participating. The funding will be used to productize Pascal’s low pressure, solid refrigerant-based system, conforming to commercial HVAC specifications. The company will also use the capital to expand its Boston-based team of mechanical engineers, chemists, and material scientists. Currently, space and hot water heating, cooling and refrigeration account for approximately 50% of electricity use in commercial buildings and over 70% in residential buildings. In addition to requiring substantial energy, today’s HVAC technologies – including heat pumps – rely on hydrofluorocarbons (HFCs), a group of synthetic gasses used for cooling and refrigeration. HFCs’ impact on global warming can be thousands of times greater than that of carbon dioxide, with an estimated 2% of total greenhouse gas emissions coming from HFC leaks from HVAC systems

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