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Daisy Secures $11M Series A Funding Round

Daisy has been putting its stamp on the home technology integration industry as it rapidly expands its location base and franchise conversions. To aid in doing so, the home and small business installation and services firm, has announced it closed an $11 million Series A funding round, bringing total funding to $13.3 million.

The latest round was led by technology and software investors Goldcrest and Bungalow with participation from Bullish, Burst Capital, and angel investors.

The funding will be used to onboard new partners, further develop Daisy’s innovative branch support center, and continue the company’s mission to create a supportive environment for franchisees and customers alike, according to the company.

With a market opportunity estimated at $29 being served by 20,000, Daisy is quickly positioning itself to unify the integrator channel with a national brand and solution that addresses both the needs of smart home and small businesses and the dedicated integrators serving them today.

Daisy announced franchising availability earlier this year and is now operating coast-to-coast with the franchise conversions of Brilliant AV, Daisy’s CE Pro 100 flagship operation based in Southern California, and Digital Homes in Tampa Bay area, Florida.

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Additionally, Daisy has acquired integration companies serving Connecticut, Northern California, and South Florida and envisions being in at least 16 markets this year with plans for nationwide coverage by 2025.

“This funding marks a pivotal moment for Daisy, enabling us to accelerate our mission of simplifying smart home and office technology for users across the nation,” says Hagan Kappler, founder and CEO of Daisy.

“We are grateful for the support of our investors, and we are eager to continue providing comprehensive support to our customers and franchisees as we scale our business to meet market demand.”

Daisy Backs Dealers with Loads of Resources

Committed to sustainable growth, the company says it expects to be profitable within two years and is operating at a $20 million run rate, on track to become a top 10 player in the market within the next few months.

Daisy’s franchisee support center is designed to restore a healthy work-life balance for business owners by disrupting inefficiencies and easing pain points for integrators, the company explains.

The company supports dealers with a slew of resources and tools. From personalized business coaching to dedicated technician support, a 24/7 call center, robust training tools, marketing support, and recurring service offerings, Daisy backs integrators.

For customers, Daisy ensures a personalized experience with ongoing support and curation, simplifying smart home and office technology for optimal performance.

“Goldcrest is very excited to partner with Daisy given the huge market opportunity, as well as the strength of the Daisy team,” says Adam Ross, co-founder of Goldcrest, Daisy’s lead investor.

“We have been impressed with how much progress this team has made in a short amount of time toward building the first national brand in home automation.”

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