Daisy, the national home technology installation and services company, has secured $7 million in Series B funding, bringing its total investment to date to more than $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.
Daisy has said that its goal is to provide recurring, consistent, and reliable home technology services and support, including audio/video (AV), security systems, smart lighting, automated shades, home networking, and control systems. This latest raise allows the company to continue to build out its support team and branches, as well as its branch support center.
Since announcing, in January, its intention to become a national smart home servicing company, Daisy now operates coast-to-coast with nine locations across five 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.
“Our goal is to be the brand that curates home technology for our clients throughout their lives,” said Hagan Kappler, co-founder and CEO. “This Series B will ensure we can continue the momentum achieved since our first acquisition six 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.”
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,” said 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,” shared Dave Ambrose, co-founder and partner of Bungalow and Daisy board member. “Daisy has become a win-win-win for integrators joining the platform, homeowners utilizing the product and technicians delighting their customers.”
