{"id":655,"date":"2017-07-06T15:16:06","date_gmt":"2017-07-06T19:16:06","guid":{"rendered":"http:\/\/dandelionenergy.com\/?post_type=press_release&#038;p=655"},"modified":"2025-09-26T15:44:11","modified_gmt":"2025-09-26T19:44:11","slug":"launch","status":"publish","type":"post","link":"https:\/\/dandelionenergy.com\/launch","title":{"rendered":"Geothermal Startup, Dandelion, Raises $2 Million Seed Round, Led by Collaborative Fund"},"content":{"rendered":"<p>July 06, 2017, New York, NY \u2013 Today, home geothermal startup, Dandelion, announced it has raised a $2 million seed round to kick-off its sales and operations. The round was led by Collaborative Fund and includes ZhenFund and Borealis Ventures.<\/p>\n<p>\u201cDandelion\u2019s business model enables homeowners to make the sustainable choice the most economic choice, which is a powerful combo.\u201d<\/p>\n<h2>A Mission Born at Alphabet\u2019s X Lab<\/h2>\n<p>After two years in X, Alphabet\u2019s \u201cmoonshot factory\u201d, Dandelion has set up as an independent company (outside of Alphabet) to be led by Kathy Hannun and James Quazi. While at X, Kathy, now CEO of Dandelion, led a team that investigated how to make geothermal systems more affordable and accessible to homeowners. James, who formerly founded a home improvement company that was sold to SolarCity, will lead Dandelion\u2019s technology development.<\/p>\n<h2>Tackling Carbon Emissions Through Home Heating and Cooling<\/h2>\n<p>In the U.S., buildings account for 39% of all carbon emissions. Most of these emissions come from heating and cooling. Dandelion&#8217;s solution will cost consumers about half of traditional geothermal installations. It will also be less expensive than fuel oil or propane heating.<\/p>\n<h2>How Dandelion Geothermal Works<\/h2>\n<p>Home geothermal systems harness thermal energy from below the earth\u2019s 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.<\/p>\n<h2>Why Geothermal Makes Sense for Homeowners<\/h2>\n<p>Kathy Hannun, CEO of Dandelion, says, \u201cWe started this project because we realized millions of homeowners are using expensive, truck-delivered fuels because they don\u2019t have access to better options today. We knew if installing a geothermal heat pump was a simpler and more affordable process, these homeowners would have access to a better product that\u2019s also better for the climate.\u201d<\/p>\n<p>\u201cThere is a macro shift in the economy towards businesses that can align the self interest with the broader interest,\u201d says Craig Shapiro, Founder and Managing Partner at Collaborative Fund. \u201cDandelion\u2019s business model enables homeowners to make the sustainable choice the most economic choice, which is a powerful combo.\u201d<\/p>\n<p>Dandelion\u2019s low-cost geothermal installations are available for zero down for qualifying homeowners, enabling many homeowners to begin saving on monthly heating and cooling expenses immediately by switching to geothermal. The system will provide homeowners with renewable heating, cooling, and hot water and include monitoring and a smart thermostat. Dandelion is now operational in the New York Hudson Valley and Capital Region.<\/p>\n<h3><b>About Dandelion<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Dandelion\u2019s <a href=\"https:\/\/dandelionenergy.com\/how-i-built-this-with-guy-raz\">mission<\/a> is to provide earth-powered heating to every home. Its geothermal marketplace connects homeowners looking for cleaner, more affordable heating with local companies selected to install Dandelion home geothermal. Dandelion began at Google parent company Alphabet\u2019s X lab before launching as an independent company in May 2017. Dandelion now operates out of New York City. To learn more, visit us at <\/span><a href=\"http:\/\/www.dandelionenergy.com\/\"><span style=\"font-weight: 400;\">www.dandelionenergy.com<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><strong>About X<\/strong><\/h3>\n<p>X, the innovation engine of Alphabet, incubates new breakthroughs in science or technology that, we hope, could solve huge problemThese challenges affect millions of people. Our inventors, engineers, designers, and makers apply bold thinking and radical new technology to solve them. We tackle ideas that carry the risks of research. Then, we run at them with the focus and speed of a startup. Our goal is to develop and de-risk early-stage technologies. We aim to turn them into products that can support large, sustainable businesses. To learn more about how the moonshot factory works, see this blog post from Astro Teller, our Captain of Moonshots. To receive regular updates on X, follow us on Instagram, Twitter or Facebook.<\/p>\n<h3><strong>About Collaborative Fund<\/strong><\/h3>\n<p>With over $150 million in assets under management, Collaborative Fund is a leading source of capital and support for entrepreneurs pushing the world forward. Our portfolio success fuels great organizations including the Kaiser Family Foundation, Sesame Workshop, California Endowment, and Oxford University Endowment. For more information, please visit us at: <a href=\"http:\/\/www.collaborativefund.com\">www.collaborativefund.com.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>July 06, 2017, New York, NY \u2013 Today, home geothermal startup, Dandelion, announced it has raised a $2 million seed round to kick-off its sales and operations. The round was led by Collaborative Fund and includes ZhenFund and Borealis Ventures. \u201cDandelion\u2019s business model enables homeowners to make the sustainable choice the most economic choice, which [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":7438,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[194],"tags":[],"class_list":["post-655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcement"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dandelion Raises $2M Seed Round for Affordable Geothermal- Dandelion Energy | Residential Geothermal Heating &amp; Cooling<\/title>\n<meta name=\"description\" content=\"Dandelion, the home geothermal startup from Alphabet\u2019s X lab, raises $2M in seed funding led by Collaborative Fund.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dandelionenergy.com\/launch\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dandelion Raises $2M Seed Round for Affordable Geothermal- Dandelion Energy | Residential Geothermal Heating &amp; 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