The round was co-led by LENX, the corporate venture arm of Lennar, one of the nation's leading homebuilders, and NGP ETP, the energy transition investing platform of NGP. The funding round included participation from Breakthrough Energy Ventures, NEA, GV, Collaborative Fund, and Building Ventures.

As the nation's leading residential geothermal company, Dandelion Energy helps homeowners free their homes from fossil fuels. By making geothermal heating and cooling systems accessible and affordable for modern homeowners, Dandelion is working to mitigate climate change with renewable technologies that decarbonize homes. Today, Dandelion's heating and cooling solutions allow homeowners to save up to 50 percent on their heating and cooling bills and help the environment by moving away from conventional systems to reduce homes' carbon dioxide emissions by up to 80 percent. The state-of-the-art geothermal heat pump system offers wifi-enabled monitoring, creating a smarter, more responsive, and more innovative approach than any other HVAC system on the market.