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David Energy, a startup led by James McGinniss, has secured $23 million in funding to challenge established energy incumbents. The investment aims to transform the retail energy market and build a clean, resilient grid that operates continuously on renewable energy. The funding round saw participation from Cathay Innovation, Union Square Ventures, and Equal Ventures. David Energy is based in New York City and focuses on grid technology to support clean energy initiatives. The announcement coincides with ClimateWeekNYC and was highlighted by TechCrunch.
Excited to continue supporting @DandelionEnergy in their $40M Series C. Revolutionizing residential geothermal at scale. โก๏ธ (heat)pumped ๐ to invest alongside our friends at @GVteam, @Lennar, @Breakthrough, and @NGPEnergyCap. https://t.co/bgA0GLBPpF
Thrilled to partner with @James_McGinniss & the whole @TheDavidEnergy team on this next chapter of growth๐๐ #ClimateWeekNYC #GridTech #CleanEnergy #VC https://t.co/7vAW1YV0H8
๐ Go #BehindTheTermSheet of our investment in @TheDavidEnergyโก๐ โ the NYC-based #gridtech co. building the OS for the #CleanEnergy grid! Excited to back @James_McGinniss & the team with @usv, @EqualVentures & more! Learn more ๐ https://t.co/lYLr5mxnAV #ClimateWeekNYC #VC