Mojave lands $19M Series B for efficient HVAC systems

What's the deal? Mojave Energy Systems, a startup that makes efficient HVAC systems, has raised a $19 million Series B, chief executive officer Phil Farese told Axios Pro.

Why it matters: There are few startups in HVAC, and even fewer that have closed growth equity.

The signal: The round lands in the top half of comparable deals by size — a marker of momentum in a sector that rarely attracts venture capital at this stage.

Image credit: SuperTech HVAC Services