Daisy, a home and small business technology installation and services company, announced its $11 million Series A funding round, bringing the total funding to $13.3 million. This funding round was led by Goldcrest and Bungalow with participation from Bullish, Burst Capital, and angel investors.
This funding round will be used to onboard new partners, further develop Daisy’s innovative branch support center, and continue the company’s goals of creating a supportive environment for franchisees and customers.
Daisy is now positioned as the first company to unify the integrator market with a national brand and solution that addresses the needs of smart home and small businesses and the dedicated integrators serving them today. And Daisy announced franchising availability earlier this year and is now operating coast-to-coast with the franchise conversions of Brilliant AV, Daisy’s flagship operation based in Southern California, and Digital Homes in Tampa Bay area, Florida.
Plus, 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. Committed to sustainable growth, the company 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 industry-first franchisee support center was built to restore a healthy work-life balance for business owners by transforming inefficiencies and easing pain points for integrators. From personalized business coaching to dedicated technician support, a 24/7 call center, sophisticated training tools, marketing support, and recurring service offerings, Daisy empowers integrators every step of the way. For customers, Daisy provides a personalized experience with ongoing support and curation, simplifying smart home and office technology for optimal performance.
KEY QUOTES:
“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. 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.”
- Hagan Kappler, founder and CEO of Daisy
“Goldcrest is very excited to partner with Daisy given the huge market opportunity, as well as the strength of the Daisy team. 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.”
- Adam Ross, co-founder of Goldcrest, Daisy’s lead investor
“We are very excited to work with Hagan and her team. Hagan has built an impressive team and relentlessly executed the business case for Daisy.”
- Dave Ambrose, co-founder of Bungalow and a member of Daisy’s board of directors
