Dandelion Energy, an Arlington, VA-based home geothermal company, raised $40M in Series C funding.
The round was led by GV (Google Ventures) and supported by Collaborative Fund, LenX, Breakthrough Energy Ventures, and NGP.
The company intends to use the funds to enhance its two-pronged nationwide expansion: distributing its heat pump technology to installers and homeowners, and implementing large projects for production home builders and multifamily developers.
Led by CEO Dan Yates, Dandelion Energy is a home geothermal company empowering modern homeowners and home builders to adopt premium, emissions-free heating without a premium price tag. The company recently launched the Dandelion Geo heat pump which delivers a high heating performance.
This fundraise follows the company’s $70M Series B1 funding completed in 2022, and founder Kathy Hannun’s inclusion on CNBC’s inaugural Changemakers List, and new Chief Revenue Officer, Lauren Howard, joining the team in 2024.
FinSMEs
24/09/2024