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- Gradient - Heating your home efficiently, and in style. $9m Series A
Gradient - Heating your home efficiently, and in style. $9m Series A
โ๏ธ What is Gradient?
Gradient is a window heat/cooling pump that eliminates the need for professional installers and electricians. The startup removed harsh refrigerants in their core product to cut heating/cooling emissions by up to 95%.
๐คน Who are the founders?
Vince Romanin (Founder & CEO): ex-Researcher at UC Berkeley and otherlab
๐ฐ๏ธ More about the funding round:
Gradient closes its $9m Series A extension from lead and sole investor Climate Investment. The original Series A saw the startup raise $18m from lead investors Ajax Strategies and Sustainable Future Ventures. To date, the company has raised $48.5m from other venture rounds, grants and debt financing.
๐ Fun fact
According to the International Energy Agency, the number of AC units in buildings across the world is projected to increase to 5.6 billion by 2050