Sealed is a residential energy efficiency startup based in New York that provides software and solutions to contractors to accelerate home weatherization and electrification projects. The company recently launched Sealed Pro, a software platform focused on accelerating home energy improvement and electrification projects and initially focused on securing rebates for contractors. Its product suite includes a one-stop rebate solution, investment-grade energy savings predictions, customer qualification and education tools, and data and analytics for contractors. Sealed also acts as an aggregator for utility and government incentives, handling rebate processing and payments on behalf of contractors and enabling participation in measured savings and Virtual Power Plant (VPP) programs. The company raised $30M in funding and is using the proceeds to expand operations and development efforts. Sealed is led by co-founder and CEO Lauren Salz. Sealed provides end-to-end design, management, and financing of home weatherization and electrification upgrades, including insulation, air sealing, smart thermostats, lighting, and heat pump HVAC. After a remote home assessment Sealed prescribes the right combination of improvements and covers upfront costs, with a payment program based on actual energy reductions so the company is accountable for impact. The company says resulting efficiencies can cut energy use by as much as 50% and enable taking homes completely off fossil fuels. Sealed grew 350% from 2020 to 2021 and has expanded beyond New York State into Connecticut, New Jersey, the Philadelphia metro area and recently the Chicago metro area as it pursues national expansion. Management says surging homeowner interest positions the company to scale to millions of American homes. Sealed was founded in 2012 and is based in New York City. Sealed is an NYC-based home wellness company that empowers home heating and cooling with upgrades such as insulation and HVAC technology. The service matches homeowners with the right contractor, covers upfront costs, and gets paid if a house saves energy. Its performance-based financing is built on a patent-pending machine learning algorithm that uses real usage and consumption data to predict energy use and savings. Founded in 2012 by Lauren Salz (CEO) and Andy Frank (president), Sealed has partnerships with all major New York utilities, including Con Edison, Orange and Rockland Utilities, National Fuel Gas, Central Hudson Utilities, NYSEG and RG&E. The company intends to use the funds to accelerate nationwide expansion, beginning with launches in New Jersey and Connecticut and additional market entries over the next year focused on areas with older homes and extreme weather. Greg Smithies of Fifth Wall joined Sealed's board as part of the financing.

Total raised

$76M

Funding rounds

3

Latest round

Equity

Latest activity

Mar 2024