Daisy, a national home technology installation and services company, has announced its $7 million Series B funding, bringing its total investment to date to over $20 million in its first year.
The round was led by technology and software investors Goldcrest and Bungalow, who also led the company’s Series A and seed rounds. Additional Series A investors also participating in this round include consumer-oriented investors Bullish and Burst Capital.
“Our goal is to be the brand that curates home technology for our clients throughout their lives,” comments Hagan Kappler, co-founder and CEO, Daisy. “This Series B will ensure we can continue the momentum achieved since our first acquisition 6 months ago in building a trusted national brand. Goldcrest and Bungalow are great partners that share our passion and vision for this critically needed service offering.”
Daisy is the first national company to offer recurring, consistent, and reliable home technology services and support, including audio/video (AV), security systems, smart lighting, automated shades, home networking, control systems, and more. This latest raise allows Daisy to continue to build out its support team and branches, as well as its innovative branch support center.
Since announcing its intention to become the first smart home servicing company in January [2024], Daisy now operates coast-to-coast with 9 locations across 5 states. In addition to acquiring integrators in Connecticut, Northern California, South Florida, and Colorado, Daisy has onboarded franchise locations in Southern California, Florida’s Gulf Coast, Virginia, and the Mountain West.
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Committed to sustainable growth, the debt-free company has long-term investment partners and a clear path to industry leadership with a current $35 million revenue run rate, putting it on track to become the industry leader by revenue and footprint over the next 12 months.
“It’s rare and exciting to see a company like Daisy not only delivering on their commitments to customers and investors but exceeding them so early in their journey,” notes Adam Ross, Goldcrest co-founder and partner.
Dave Ambrose, Ambrose, co-founder and partner of Bungalow and Daisy board member, stresses that he looks forward to future with the national integration company.
“We’re thrilled to continue our support of the Daisy team on their journey to build out a beloved national brand through M&A and franchising,” adds Ambrose. “Daisy has become a win-win-win for integrators joining the platform, homeowners utilizing the product and technicians delighting their customers.”
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