Amount Raised
$10 Million
Investors
Automotive VenturesHolmanDetroit Venture PartnersGutter CapitalAcrew CapitalAssurant VenturesCar MaxTrucks Venture CapitalMontage Ventures
Description
Treehouse, an electrification company that delivers turnkey installations for home EV charging, today announced $10M in funding. The round is led by Montage Ventures and Trucks Venture Capital, with participation from CarMax, Assurant Ventures, Acrew Capital, Gutter Capital, Detroit Venture Partners, Holman, and Automotive Ventures. The funds will be used to expand Treehouse's Installation-as-a-Service offering to more than 30 states in the next 12 months, while investing in software that can expand the offering to other electrification products.
Funding Insights
Based on industry dataVC-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