{"id":7247,"date":"2024-09-24T08:29:24","date_gmt":"2024-09-24T12:29:24","guid":{"rendered":"https:\/\/dandelionenergy.com\/?p=7247"},"modified":"2025-09-26T15:50:52","modified_gmt":"2025-09-26T19:50:52","slug":"dandelion-energy-closes-40m-series-c-funding-round-to-expand-geothermal-offerings-nationwide","status":"publish","type":"post","link":"https:\/\/dandelionenergy.com\/dandelion-energy-closes-40m-series-c-funding-round-to-expand-geothermal-offerings-nationwide","title":{"rendered":"Dandelion Energy Closes $40M Series C Funding Round to Expand Geothermal Offerings Nationwide"},"content":{"rendered":"

The new funding will accelerate Dandelion\u2019s nationwide expansion of both its revolutionary heat pump technology and its turnkey service to the nation\u2019s largest multifamily developers and home builders<\/span><\/i><\/p>\n

ARLINGTON, Va.\u2014 September 24, 2024 \u2014 <\/b>Dandelion Energy<\/span><\/a>, the nation’s leading home geothermal company, today announced the closure of a $40M Series C funding round led by GV (Google Ventures) and supported by Collaborative Fund, LenX, Breakthrough Energy Ventures, and NGP. The investment round will fuel the company\u2019s two-pronged nationwide expansion: distributing its revolutionary heat pump technology to installers and homeowners, and implementing large projects for production home builders and multifamily developers. This fundraise follows the <\/span>company\u2019s $70M Series B1 funding completed in 2022<\/span><\/a>, and founder Kathy Hannun\u2019s inclusion on <\/span>CNBC’s inaugural Changemakers List<\/span><\/a>, and new Chief Revenue Officer, Lauren Howard, joining the team in 2024.<\/span><\/p>\n

\u201cDandelion is becoming the preferred partner\u2014nationwide\u2014to the country\u2019s largest home builders and multifamily developers as they shift to building fully electrified homes,\u201d said Dandelion CEO, Dan Yates. \u201cDandelion\u2019s current and upcoming projects range from thousand+ single family home developments to multifamily buildings with hundreds of apartments,\u201d he continued.\u00a0\u00a0<\/span><\/p>\n

“Builders are choosing Dandelion geothermal because it’s the highest quality and least expensive option for building heating and cooling. Dandelion’s efficient, scaled operations give the company a unique position in the market. We’re proud to be repeat investors in Dandelion as they continue to have an enormous impact in geothermal energy,” said Erik Nordlander, General Partner at GV and Board Member at Dandelion.\u00a0<\/span><\/p>\n

In addition to this investment serving the builder market, Dandelion continues to lead the nation with novel product development to make geothermal installations increasingly simple and cost effective. The recent <\/span>launch of the groundbreaking Dandelion Geo<\/span><\/a> heat pump anchors Dandelion\u2019s leadership position in the geothermal heat pump market. The Dandelion Geo delivers the highest heating performance ever measured by industry standards organization AHRI for a production heat pump. Craig Shapiro from Collaborative Fund added \u201cDandelion is leading the geothermal industry in research and development. Their steady drum beat of product innovations promise a future of affordable, ubiquitous, geothermal heating and cooling across the country.\u201d\u00a0<\/span><\/p>\n

Lauren Howard, Dandelion\u2019s new CRO, serves as the commercial leader responsible for driving growth strategies and leading go-to-market teams. Before joining Dandelion Energy, Lauren served as Chief Revenue Officer at Airtower Networks, one of the Fastest-Growing Private Companies in America (Inc. 500). At Airtower she was responsible for leading, building, and scaling all aspects of the commercial organization.<\/span><\/p>\n

\u201cI am honored to join Dandelion at such a significant time for the company\u2019s growth and impact towards its mission:\u00a0 to make this renewable, cost-effective and healthy form of heating and cooling more accessible nationwide,\u201d said Howard. \u201cI look forward to working with our teams to make geothermal heat pumps a standard in new residential construction and to drive successful adoption for current homeowners as we build out our nationwide installation network.\u201d\u00a0<\/span><\/p>\n

About Dandelion Energy\u00a0<\/b><\/p>\n

Dandelion Energy is the nation’s leading home geothermal company. By making geothermal heating and cooling systems simple and affordable, Dandelion empowers modern homeowners and home builders to adopt premium, emissions-free heating without a premium price tag. Together with the customers we serve, we are shifting the built environment away from fossil fuels using resilient<\/a>, local, low-cost geothermal energy. To learn more, visit <\/span>https:\/\/dandelionenergy.com<\/span><\/a>.\u00a0<\/span><\/p>\n

Press Inquiries:<\/span>
\nKathy Berardi<\/span>
\nJMG Public Relations<\/span>
\nkathy@jmgpr.com<\/span>
\n678-644-4122<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The new funding will accelerate Dandelion\u2019s nationwide expansion of both its revolutionary heat pump technology and its turnkey service to the nation\u2019s largest multifamily developers and home builders ARLINGTON, Va.\u2014 September 24, 2024 \u2014 Dandelion Energy, the nation’s leading home geothermal company, today announced the closure of a $40M Series C funding round led by […]<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[54],"tags":[],"class_list":["post-7247","post","type-post","status-publish","format-standard","hentry","category-post"],"acf":[],"yoast_head":"\nDandelion Energy Closes $40M Series C Funding Round to Expand Geothermal Offerings Nationwide - Dandelion Energy | Residential Geothermal Heating & Cooling<\/title>\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\/dandelion-energy-closes-40m-series-c-funding-round-to-expand-geothermal-offerings-nationwide\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dandelion Energy Closes $40M Series C Funding Round to Expand Geothermal Offerings Nationwide - 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