Tankfarm operates a propane distribution business that integrates proprietary software and sensors to provide free tank monitoring, transparent pricing, no fees, and a guarantee customers will not run out of propane. The company has a patent-pending technology platform it is continuing to develop to deepen its technology moat and drive operational efficiency. Tankfarm's supplier network spans 37 states and over 400 locations, and it targets a highly fragmented $35B U.S. propane market. The company invests in software and sensors to make deliveries more efficient and profitable while improving the customer experience. Tankfarm plans to use new capital to accelerate customer acquisition, further develop its platform, and extend its national delivery footprint. Leadership frames the business as being positioned to become one of the largest propane distribution companies in the U.S. Tankfarm builds software and tank monitors to modernize residential propane distribution, offering free, transparent ordering and prioritizing customer service. The platform connects customers with partner suppliers and automates delivery efficiency for suppliers. Tankfarm has established a supplier network across 22 states and more than 160 locations. The company emphasizes no hidden fees and a streamlined, consumer-friendly experience. With funding, Tankfarm plans to advance its software, expand its team, and grow the Tankfarm network to scale its market presence.

Total raised

$27M

Funding rounds

2

Latest round

Series B

Latest activity

Sep 2023