Boldr has raised €4.2 million ($5 million) in a pre-Series A round to expand its smart climate technology across North America, develop its contractor software platform, and move into a broader range of residential and commercial heating and cooling systems.
The round was led by Unconventional Ventures, with participation from Ada Ventures, Tetrad VC, DVC, Roxbury Asset Management, the Inclimo Climate Tech Fund, Prosegur, Techstars, the S20 Fund and Propelx.
Madi A, CEO and co-founder of Boldr, said, ““The next power plant won’t be one building. It will be millions of homes working together. But you don’t get there through a consumer app alone. You get there through the contractors who already install, service and replace the equipment that controls energy inside the home. Our job is to give them the technology to make that future possible.”
Alexis Horowitz-Burdick, Partner at Unconventional Ventures, said, “The team has identified HVAC contractors as a critical partner in the electrification of the home. By building technology that helps contractors serve customers better while creating a path to distributed grid capacity, Boldr is positioned to become a defining company in residential energy management.”
Its longer-term ambition is to bring equipment including heating and cooling systems, batteries, EV chargers and solar installations into a connected network capable of adjusting electricity demand when required by the grid.
This funding will be used to scale product development, expand contractor and wholesale footprint, and put Boldr technology to HVAC professionals across the U.S. and Canada.
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