SAN FRANCISCO–(BUSINESS WIRE)–Gradient Comfort, a company built by thermal scientists to rethink heating, ventilation, air conditioning (HVAC) and build products that are good for the planet and great at cooling and heating homes, announced today that it closed a Series A follow-on round of funding of $9 million, bringing its total Series A funding to $27.5 million. The round is led by Climate Investment (“CI”), a specialist decarbonization climate investor. Cindi Bough, Managing Director Ventures at CI, will join the Gradient Comfort Board and Rick Cutright, Technology Director at CI will join as an observer.
Gradient Comfort is CI’s latest investment in the built environment space. The firm currently has a number of investments in its built environment portfolio, including 75F and Aeroseal.
“With 30% and 50% of the energy footprint of U.S. buildings and homes, respectively, coming from heating and cooling, it is essential that buildings have carbon neutral solutions that are effective and affordable,” said Cindi Bough. “Heat pumps are increasingly recognized as a critical technology for buildings’ decarbonization. Innovations are needed to lower purchase and installation costs, reduce complex renovations, improve energy performance, and leverage heat pumps for grid and flexibility. We believe Gradient Comfort’s solution suite delivers on all of these elements.”