Kelvin (formerly know as Radiator Labs), a New York-based provider of decarbonized HVAC solutions for legacy buildings, raised $30M in Series A funding.
The round was led by 2150, with participation from the Schmidt Family Foundation, the Partnership Fund for NYC.
The company intends to use the funds to hire talent and build a scalable platform for accelerating the adoption of economically and environmentally sustainable HVAC options worldwide.
Led by CEO Dr. Marshall Cox, Kelvin specializes in intelligent HVAC solutions for legacy buildings in major cities. It designs and installs systems that decarbonize, save money, and provide comfort and temperature control within buildings without prematurely retiring existing systems.
The flagship product, the Cozy, is an insulated radiator cover that enhances heating efficiency by preventing overheating and fuel wastage. The Cozy is installed in more than four thousand apartments across the northeastern United States, and has undergone extensive independent validation by multiple agencies.
Since 2011, Kelvin has sold over 15,000 intelligent HVAC solutions to a diverse range of customers, including universities, large real estate portfolios, COOPs, city agencies, and housing authorities.
FinSMEs
18/05/2023