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HomeFinTechDandelion: Raises $30M in Series B Funding

Dandelion: Raises $30M in Series B Funding

Date:

  • Dandelion Energy, a Peekskill, N.Y.-based home geothermal company, closed a $30m Series B round of funding, bringing total funding to $65m
  • The round was led by Breakthrough Energy Ventures with participation from existing investors
  • This company intends to use the funds to expand operations, while continuing to invest in research and development
  • Dandelion provides a geothermal heating & cooling system to reduce a home’s carbon emissions while eliminating the need to buy heating fuel
  • The company’s business model aligns federal, state, and utility incentives so that homeowners can upgrade to geothermal for less than they’re currently paying to heat and cool their home
  • This news follows a momentous 2020 year for the company, marked by a $12m Series A-1 in January 2020 and an expansion of operations into Connecticut

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