Tankfarm, a Millbrook, N.Y.-based propane distribution company, closed $3.5M in Series-A funding.
The round was joined by a series of strategic investors.
The company intends to use the funds to advance the development of its software, expand its team, and accelerate growth of the Tankfarm network.
Led by Andrew Heaney, co-founder and CEO, Tankfarm is a propane distribution company that invests in software and tank monitors to make deliveries efficient and profitable for suppliers. Its free software connects residential propane customers with suppliers; offers upfront pricing; and provides customer service. The supplier network spans 22 states and over 160 locations.
The company is a member of the National Propane Gas Association (NPGA), the Propane Gas Association of New England (PGANE), the Maine Energy Marketers Association, the New York Propane Gas Association (NYPGA), the New Jersey Propane Gas Association (NJPGA), the Pennsylvania Propane Gas Association (PAPGA), the Mid-Atlantic Propane Gas Association (MAPGA) the Virginia Propane Gas Association (VPGA), the Rocky Mountain Propane Association(RMPA), the Western Propane Gas Association (WPGA), the Pacific Propane Gas Association (PPGA), and the Texas Propane Gas Association (TPGA).
FinSMEs
27/05/2020