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Sealed Expands Series B Funding To $45.5M As It Accelerates Its Mission To Stop Home Energy Waste And Electrify Homes In New Major Markets

Apr 28, 2022•over 3 years ago

Round Type

series b

Description

Sealed today announced the expansion of its Series B funding with an additional $29.5 million equity investment led by Fifth Wall Climate Tech with participation from Robert Downey Jr.’s FootPrint Coalition, CityRock Venture Partners, Cyrus Capital and Keyframe Capital, bringing its total capital raised to $62.5 million. The investment follows explosive company growth as homeowners adopt Sealed’s model for eliminating the complications and up-front costs of heat pump HVAC, weatherization and other home improvements that stop energy waste, enhance comfort and slash greenhouse gas emissions.

Company Information

Company

Sealed

About

Sealed is a climate tech company on a mission to stop home energy waste and electrify all homes. Sealed designs, manages and finances home weatherization and electrification projects, making it easy and affordable for people to be more comfortable while using less energy. Our proven holistic approach can reduce energy use by 50% and take a home completely off of fossil fuels with upgrades like high-performance insulation, air sealing, and heat pump HVAC. Our expert team designs the right solution, matches top-rated local contractors, and manages the project start to finish. Sealed covers the upfront costs, and we’re accountable to impact: if we don’t cut energy waste, we don’t get paid. Sealed is venture backed and based in New York City. Learn more at sealed.com.