Daisy, a national home and small business technology installation and services company, has announced the successful completion of its $15 million Series C funding round.
“I am so grateful to our incredible team of owners, technicians, salespeople, team members, and franchisees who have continued to exceed all expectations since our launch last year,” comments Hagan Kappler, founder and CEO of Daisy. “We are excited to continue to invest in this space and to provide a truly forward-thinking approach to home and small business technology installation and services.”
According to the company, this new funding will reinforce its continued investments in acquisitions and propel further growth for its franchise operations. To date, Daisy has raised $35 million, through multiple rounds of funding. The national smart home services provider emphasizes that its Series C investment solidifies its balance sheet, while providing significant cash resources and ensuring continued financial stability.
By funding its operations through long-term investment partners with no debt, Daisy asserts that it is building a sustainable business that can fulfill the ongoing needs of its partners, teams, and clients — encompassing home technology services such as custom audio/visual, shades, control systems, home security and smart lighting design and installation, all backed by a comprehensive service offering.
Daisy points out that it has invested half of each dollar raised to acquire new businesses and half to build out systems to support the integration and success of its branch operations. This support system includes its recurring services business, recruiting and retention platforms, marketing and sales support, and a tech stack to enable day-to-day business operations.
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“At Daisy, delighting our clients and partners is at the core of everything we do,” says Dion Persson, co-founder and chief growth officer of Daisy. “This additional funding enables us to further invest in innovative tools and resources that enhance the experience for our local branches, their teams, and through them, the clients we serve. It’s about building a company that prioritizes both exceptional service and enduring relationships.”
Daisy recently announced its 10th acquisition, opened its seventh franchise location, and now has leading market positions in California and Florida with other locations in Connecticut, Colorado, Virginia, and Arizona.
“Daisy’s execution has been impressive” adds Andy Spellman, founder of Fifth Down, and lead investor in Daisy’s Series C commitment. “Fifth Down’s top criterion for direct investment is backing compelling founders, and Hagan and Dion exceed our views of compelling. We are excited about Daisy for all involved; especially the customers.”
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