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Dandelion Energy Inc. raised $40M in a Series C funding round led by Google Ventures to support the national rollout of its geothermal systems.

Sep 24, 2024about 1 year ago

Amount Raised

$40 Million

Round Type

series c

Mt KiscoConstruction

Investors

NgpBreakthrough Energy VenturesLen XCollaborative FundGoogle Ventures

Description

Dandelion Energy Inc. has successfully secured $40 million in fresh funding for expanding its geothermal systems. This funding round, led by Google Ventures, aims to enhance operations in Greater Washington and streamline the company's growth efforts.

Company Information

Company

Dandelion Energy

Location

333 N Bedford Rd, Suite 220

Mt Kisco, New York, United States

About

Dandelion is a home geothermal company offering affordable geothermal installations that provide heating, cooling and hot water to homes by exchanging heat with the ground beneath them. Dandelion became an independent company in Spring 2017, after getting started at X , "the innovation engine of Alphabet."​

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech