Investment News-1
Congrats Lauren Salz and Team!
Sealed Secures $30 Million in Funding
Sealed, a New York-based climate tech company dedicated to combating home energy waste, recently announced a successful funding round, raising $30 million to further its mission.
Lead Investor: Keyframe
Participating Investors: Cyrus Capital, CityRock Venture Partners, Fifth Wall, and others joined in the investment.
Utilization of Funds:
- The company intends to utilize the capital infusion to expand its operations and bolster development efforts.
Leadership:
- CEO: Lauren Salz, co-founder, and CEO, leads the team at Sealed.
Introduction of Sealed Pro:
- Sealed recently launched "Sealed Pro," a software platform aimed at accelerating home energy improvement and electrification projects.
- The initial focus of Sealed Pro is to streamline the process of securing rebates for home energy contractors involved in weatherization and electrification projects.
Key Offerings:
- Empowering Contractors: Sealed provides software and solutions to contractors, enabling them to combat home energy waste by installing more weatherization and electrification projects, thus fostering business growth.
- Climate Impact: By facilitating the installation of more energy-efficient solutions, Sealed aids in reducing carbon footprints and combating climate change.
- Software Features: The software incorporates data analytics and tools such as a comprehensive rebate solution, investment-grade energy savings predictions, and customer qualification and education resources.
- Aggregator Role: Sealed acts as an aggregator of projects for utility and government incentives, handling rebate processing and payments on behalf of contractors.
- Reduced Friction: By managing rebate processing and payments, Sealed enables contractors to participate in various programs, including measured savings and Virtual Power Plant (VPP), with minimal additional costs or friction.
Sealed's innovative approach aims to revolutionize the residential energy efficiency landscape, benefiting both contractors and homeowners alike.
#Sealed #ClimateTech #EnergyEfficiency #Innovation #Startup #Congratulations #TeamEffort
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