Sealed Raises $16M Series B to Make Homes More Energy Efficient
Summary
NYC-based green energy startup Sealed announced Thursday it raised $16 million in fresh funding, bringing it one step closer to its mission of taking homes off fossil fuels. “Accelerating residential energy efficiency and electrification is one of the fastest ways to reduce our dependence on fossil fuels and restore our environment,” Greg Smithies, a partner at Fifth Wall who will be joining Sealed’s board of directors, said in a statement provided to Built In. By modernizing their heating and cooling systems, customers will likely spend less on their energy bills — not to mention the fact that Sealed covers all the upfront costs. Now, this fresh funding will help the company expand nationally outside of New York, starting with New Jersey and Connecticut. The company also plans to double the size of its 60-person team in the next year, with more than a dozen open tech positions available now.