Tech Company Financing Transactions
Dandelion Energy Funding Round
On 11/15/2022, Dandelion Energy raised $70 million in Series B funding from LENX, Breakthrough Energy Ventures and Building Ventures.
Transaction Overview
Company Name
Announced On
11/15/2022
Transaction Type
Venture Equity
Amount
$70,000,000
Round
Series B
Investors
LENX (Lead Investor) (Eric Feder)
Proceeds Purpose
The fundraise reflects the size of Dandelion's opportunity, as well as its tremendous growth. Dandelion has more than tripled its commercial operations in 2022, and this funding will continue that expansion in retrofit and new construction markets. In addition, as heat pumps move into the mainstream, Dandelion will use the capital to invest in a broader range of products capable of serving more customers and geographies.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
333 North Bedford St 220
Mount Kisco, NY 10549
USA
Mount Kisco, NY 10549
USA
Phone
Undisclosed
Website
Email Address
Overview
The Dandelion Energy home geothermal system replaces your home's existing air conditioning and heating equipment with a powerful heat pump and safe, underground pipes that move heat between the earth and your home. In the winter, the ground loops move heat stored in the ground into your home. In the summer, the ground loops returns heat from your home to the ground.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Sachse
Chief Financial Officer
Forrest Jones
Co-Founder
Kathleen Hannun
Browse more venture capital transactions:
Prev: 11/15/2022: WeaveGrid venture capital transaction
Next: 11/15/2022: Omneky venture capital transaction
Share this article
About Database of VC Transactions
Our team works diligently to report on all VC transactions involving tech companies. VC investment data records reported here come from publicly available VC deal announcements. The information is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs