Tella Firma Foundations, a Dallas, TX-based provider of a home foundation system, received over $1.5m in angel funding.
The round was led by the North Texas Angel Network (NTAN) with participation from more than 25 angel investors in total.
The company plans to use the funds to grow across new developments and custom homes throughout the area and expand outside of Texas.
Led by CEO Jim Fontaine, who is also an active angel investor with NTAN, Tella Firma provides a solution for homeowners worried about active soils and the increase in earthquakes in the North Texas area and what it may do to home foundations.
By elevating a slab-on-grade foundation, the company’s solution creates a protective void between the ground and the home itself. This application isolates the slab and guards it from damaging soil swells, contractions and unexpected movement caused by light earthquakes.
The system has been used in DFW as well as Austin and San Antonio. Lennar Homes recently signed on as the first volume production builder to use Tella Firma throughout their Irving subdivision.
FinSMEs
04/11/2015