HOUSTON — Helix Earth, a Houston-based hardware company built on proprietary liquid-gas chemistry with roots in NASA aerospace technology, announced the successful close of its $12 million oversubscribed Seed 2 funding. The oversubscribed financing round was led by Veriten, an energy research, strategy, and investing firm, with participation from Rua Ventures, Carnrite Ventures, Skywriter LLC, Textbook Ventures, and others. The round drew backing from key innovation hubs across Silicon Valley, Boston, New York, Houston, and Saudi Arabia, all united by conviction in practical innovation across the built environment, industrial filtration, and CO2 capture sectors.
“This investment will empower the Helix Earth team to scale manufacturing and accelerate deployment of our first hardware product, a retrofit system designed to disrupt a significant portion of the $150 billion commercial air conditioning market,” said Rawand Rasheed, PhD, Helix Earth co-founder and CEO of the company, which was spun out of Rice University and has been incubated at Greentown Labs in Houston since 2023. “Building owners are dealing with rising energy costs, uncontrolled humidity, and aging infrastructure with no viable, cost-effective path forward. We are in the field today solving these problems for commercial customers, and this capital puts us on an aggressive path to scale.”
Helix Earth is developing a cost-effective commercial air conditioner add-on that bifurcates the energy required for temperature management from moisture control. The result is healthier indoor air, lower energy bills, reduced building maintenance, and more comfortable spaces for building owners and occupants.
“We’ve spoken with hundreds of building owners representing tens of thousands of locations, and the message is consistent,” said Rasheed. “They want more comfortable spaces, better air quality, lower energy bills, less product spoilage from uncontrolled humidity, and longer life out of their existing AC equipment. Helix Earth gives them exactly that, without the massive cost of ripping out and replacing what they already have.”
Maynard Holt, Veriten’s founder and CEO, said, “We are tripling our investment in Helix Earth. The team has built breakthrough technology with real applicability across multiple industries. Their first product will have an immediate and measurable impact on our energy system, and they are already pursuing adjacent innovations to help heavy industries operate more efficiently and with less waste. This is a well-rounded team with a proven track record of strong execution and disciplined capital management.”
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