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Tetra Raises $10.5M In Funding To Support Bi-Coastal Expansion

Dec 14, 2023over 1 year ago

Amount Raised

$10.5 Million

BostonUtilities

Investors

1sharpe CapitalLerer HippeauGutter CapitalGreycroft

Description

Tetra, a rapidly growing home services company helping homeowners transition from fossil fuels to clean energy, announced that it raised a $10.5 million seed funding round led by Greycroft, Gutter Capital, Lerer Hippeau and 1sharpe Capital. The funds will be used to expand Tetra's offering into new markets including New York and California, and to continue investment into developing its proprietary technology designed to make it easier and more affordable for homeowners to lower their carbon footprint.

Company Information

Company

Tetra

Location

Boston, Massachusetts, United States

About

Tetra is leading the clean energy transformation by empowering homeowners to switch from fossil fuel heating and cooling systems to high-efficiency heat pumps. Tetra provides the top environmental options to homeowners, improves their experience, and coordinates the installation of home improvement projects. In doing so, Tetra is superpowering contractors by automating administrative tasks and allowing them to deliver installation excellence and customer happiness.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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