Dandelion Energy, a NYC-based home geothermal startup, raised $2m in seed funding.
The round was led by Collaborative Fund with participation from ZhenFund and Borealis Ventures.
The company intends to use the funds to expand operations and sales.
Started at Alphabet’s X and led by Kathy Hannun and James Quazi, Dandelion is a home geothermal company providing a renewable heating and cooling solution and a proprietary, low-cost installation process that allows homeowners to switch from conventional heating fuels to geothermal heating and cooling.
Home geothermal systems harness thermal energy from below the earth’s surface to heat and cool homes and produce hot water. The system pumps heat away from the home into the earth during summer to keep the home cool, and pumps heat from the earth into the home in winter to keep the place warm.
Dandelion’s system will provide homeowners with renewable heating, cooling, and hot water and include monitoring and a smart thermostat.