Reservoir raises $8M in a seed round led by Asymmetric Capital Partners to improve water heaters, aiming for 1,000 installations in Boston to enhance efficiency.
Amount Raised
$8 Million
Round Type
Seed
New YorkEnergyHardwareSoftwareMedia And EntertainmentMusic And AudioInvestors
Description
Reservoir announced on Wednesday that it has raised $8 million in a seed round led by Asymmetric Capital Partners with participation from Founder Collective and MCJ. The funding will help the company install more of its innovative water heaters in homes around the Boston area. Reservoir has installed about 100 devices to date and hopes to reach approximately 1,000 by the end of next year. The initiative aims to improve energy efficiency and support grid stabilization.
Quick answer
Reservoir raised $8 Million in a Seed round, dated August 12, 2026. Investors: Founder Collective, Mcj and Asymmetric Capital Partners. Reservoir is based in New York, New York, United States.
- How much did Reservoir raise?
- Reservoir raised $8 Million in a Seed round on August 12, 2026.
- Who invested in Reservoir?
- Founder Collective, Mcj and Asymmetric Capital Partners are named as investors in this round.
- What does Reservoir do?
- Reservoir is an independent music company based in New York City and with offices in Los Angeles, Nashville, Toronto, London, and Abu Dhabi.
- Where is Reservoir based and how big is it?
- Reservoir is based in New York, New York, United States. Fundz records about 16 employees.
- Who are the decision-makers at Reservoir?
- Fundz holds 1 contact at Reservoir, including the Co Founder and CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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