Bedrock Energy, an Austin, TX-based geothermal heating and cooling startup, raised $12M in Series A funding.
The round was led by Titanium Ventures with participation from Energy Impact Partners and Sustainable Future Ventures joined alongside existing investors Wireframe Ventures, Overture Ventures, Toba Capital, Elemental Impact, First Star Ventures, and Cantos.
The company intends to use the funds for continued advancement of its technologies, as well as expanded deployment in Colorado, Utah, and neighboring states.
Led by Joselyn Lai, co-founder and CEO, Bedrock Energy has pioneered geothermal design and installation technologies, including advanced subsurface thermal simulation capabilities and an intelligent construction platform for geothermal borefield construction. The company’s deployment teams use these innovations to install geothermal heat pump systems for real estate owners at faster schedule, higher accuracy and performance, and stronger cost efficiencies. These systems can range from single-structure commercial buildings to connected district systems serving multiple lots.
In 2025, Bedrock plans to deploy new geothermal systems across Colorado, Utah, and other Mountain West states. This expansion builds upon the company’s recently completed project in Morgan County, Utah, and ongoing work on a district geothermal system coming online in 2025 for a new business park in Hayden, Colorado. The latter project is supported by the Colorado Energy Office, Colorado Department of Local Affairs, Northwest Colorado Business District, and Town of Hayden.
FinSMEs
22/01/2025