Daisy, which is the first national home and small business technology installation and services company, announced the completion of its $15 million Series C funding round. And this new funding round will reinforce the company’s continued investments in acquisitions and propel further growth for its franchise operations. So far, Daisy has raised $35 million, emphasizing its exceptional financial and operational performance in its first year in business.
The Series C funding enhances Daisy’s balance sheet, providing significant cash resources and ensuring continued stability. By funding its operations through long-term investment partners with no debt, Daisy is building a sustainable business that can fulfill the ongoing needs of its partners, teams, and clients. This encompasses home technology services like custom audio/visual, shades, control systems, home security, and smart lighting design and installation, all backed by a comprehensive service offering.
Daisy invested half of each dollar raised to acquire new businesses and half to build systems to support its branch operations’ integration and success. And 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.
Daisy also recently announced its tenth 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.
KEY QUOTES:
“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. 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.”
– Hagan Kappler, founder and CEO of Daisy
“At Daisy, delighting our clients and partners is at the core of everything we do. 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.”
– Dion Persson, co-founder and chief growth officer of Daisy
“Daisy’s execution has been impressive. 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.”
– Andy Spellman, Fifth Down founder and lead investor in Daisy’s Series C
