THT Heat Transfer Technology Raises $14.3 Million

Chinese cleantech company THT Heat Transfer Technology has raised $14.3 million in financing, in a deal that gave the company a pre-money valuation of $51.2 million. Infinity Group led the round with $9 million. MC Capital and other investors also contributed. THT is based in in Siping City, Jilin Province, China. The company designs and manufactures heat exchangers, which are used to improve energy efficiency. With the latest financing, THT will invest in a new air-cooled heat exchanger factory, and in new pressing machines for nuclear power plant products.

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