H2U Technologies, Inc. announced that it has received $7 million in funding from Jericho Energy Ventures Inc., Dolby Family Ventures, L.P., Hess Corporation, Motus Ventures, Freeflow Venture Builders, VoLo Earth Ventures
On July 22, 2021, H2U Technologies Inc. closed the transaction. The company issued 4,375,000 shares for gross proceeds of $7,000,000 co-led by Jericho Energy Ventures Inc., Dolby Family Ventures, L.P., Hess Corporation and Motus Ventures. The transaction also included participation from Freeflow Venture Builders and VoLo Earth Ventures. As a part of the transaction, Jericho Energy Ventures Inc. has invested $1,500,000 and all the investors will have board representation in the company. The transaction was oversubscribed.