Total amount raised
$97.5 Million
Latest funding date
03/01/2024
Location
Sealed has successfully raised funding over six rounds, with the latest being a Series B round involving four investors, including Keyframe Capital Partners. The company is backed by nine investors, with recent contributions from Fifth Wall and Cyrus Capital Partners.
Keep reading to explore the intricacies of Sealed's fundraising journey and the investors backing this innovative platform.
What Is Sealed?
Sealed is a climate tech company based in New York, New York, specializing in home energy efficiency. The company focuses on stopping home energy waste by enabling contractors to install weatherization and electrification projects.
Founded in an unspecified year, Sealed operates in various sectors, including Clean Energy, CleanTech, Consumer Lending, Energy Efficiency, GreenTech, Home Improvement, and Sustainability. The company employs between 51-100 people.
How Much Funding Has Sealed Raised?
- Seed Round
- Amount Raised: USD 4,000,000
- Date: May 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial projects in home energy efficiency.
- Series A
- Amount Raised: USD 13,000,000
- Date: March 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market reach and enhance its service offerings.
- Debt Financing
- Amount Raised: USD 5,000,000
- Date: May 2016
- Lead Investors: NY Green Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for scaling operations and funding new projects.
- Series B (2021)
- Amount Raised: USD 16,000,000
- Date: June 2021
- Lead Investors: Fifth Wall
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the company's technology and expand its customer base.
- Series B (2022)
- Amount Raised: USD 29,500,000
- Date: April 2022
- Lead Investors: Fifth Wall
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance the company's product offerings.
- Series B (2024)
- Amount Raised: USD 30,000,000
- Date: March 2024
- Lead Investors: Keyframe Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and develop the Sealed Pro software platform.
Total Amount Raised: USD 97,500,000. Current Valuation: Not publicly disclosed.
Key Investors
- Keyframe Capital Partners
- Details: Keyframe Capital Partners is a private investment firm that led Sealed's Series B funding round in 2024. They focus on providing growth capital to innovative companies.
- Investment Focus Areas: Technology, Energy, Infrastructure
- Notable Investments: Sealed
- Fifth Wall
- Details: Fifth Wall is a venture capital firm that participated in multiple funding rounds for Sealed, including Series B rounds in 2021 and 2022. They are known for investing in technology solutions for the real estate industry.
- Investment Focus Areas: Real Estate Technology, Sustainability, Energy Efficiency
- Notable Investments: Sealed
- NY Green Bank
- Details: NY Green Bank is a state-sponsored financial entity that provides capital for clean energy projects. They were a lead investor in Sealed's debt financing round in 2016.
- Investment Focus Areas: Clean Energy, Energy Efficiency, Renewable Energy
- Notable Investments: Sealed
- Cyrus Capital Partners
- Details: Cyrus Capital Partners is an investment firm that participated in Sealed's Series B funding round in 2024. They focus on a wide range of investment opportunities across various sectors.
- Investment Focus Areas: Technology, Transportation, Energy
- Notable Investments: Sealed
- CityRock
- Details: CityRock is an investment firm that also participated in Sealed's Series B funding round in 2024. They are known for their investments in innovative and sustainable companies.
- Investment Focus Areas: Sustainability, Technology, Infrastructure
- Notable Investments: Sealed
What's Next for Sealed?
Sealed is poised for significant growth with the recent introduction of Sealed Pro, a software platform designed to streamline home energy improvement and electrification projects. This platform not only secures rebates for contractors but also aggregates projects for utility and government incentives, presenting a substantial opportunity for expansion.
With a successful $30 million funding round led by Keyframe Capital, Sealed is well-positioned to attract further investments. The growing focus on residential energy efficiency and the increasing importance of securing rebates and incentives suggest a promising future for additional fundraising opportunities.
However, Sealed will need to navigate challenges such as the complexities of securing rebates and the scalability of their platform. Competing in the residential energy efficiency market and managing logistics will also be critical as they expand their services.
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