The round was led by GV (Google Ventures) and supported by Collaborative Fund, LenX, Breakthrough Energy Ventures, and NGP. The investment round will fuel the company's 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 company's $70M Series B1 funding completed in 2022, and founder Kathy Hannun's inclusion on CNBC's inaugural Changemakers List, and new Chief Revenue Officer, Lauren Howard, joining the team in 2024.

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, local, low-cost geothermal energy.