National home technology installation and services company Daisy announced a $7 million Series B funding round, bringing the total investment to date to over $20 million in its first year. This funding round was led by Goldcrest and Bungalow, who also led the company’s Series A and seed rounds. The additional Series A investors joining this round include consumer-oriented investors Bullish and Burst Capital.
Daisy is the first national company to offer recurring, consistent, and reliable home technology services and support, such as audio/video (AV), security systems, smart lighting, automated shades, home networking, control systems, and more. This latest funding round enables Daisy to continue to expand its support team and branches and its innovative branch support center.
Since announcing an intention to become the first smart home servicing company in January, Daisy now operates coast-to-coast with 9 locations across 5 states. Along with 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.
The debt-free company has long-term investment partners and a clear path to industry leadership with a current $35 million revenue run rate, which puts it on track to become the industry leader by revenue and footprint over the next year.
KEY QUOTES:
“Our goal is to be the brand that curates home technology for our clients throughout their lives. 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.”
– Hagan Kappler, co-founder and CEO
“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.”
– Adam Ross, Goldcrest co-founder and partner
“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. Daisy has become a win-win-win for integrators joining the platform, homeowners utilizing the product and technicians delighting their customers.”
– Dave Ambrose, co-founder and partner of Bungalow and Daisy board member
