Tech Company Financing Transactions

Kelvin Funding Round

2150, HLM Partnership Fund for New York City and Schmidt Family Foundation joined a $30 million Series A funding round for Kelvin. The round was announced by the company on 5/18/2023.

Transaction Overview

Company Name
Announced On
5/18/2023
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series A
Proceeds Purpose
The company intends to use the funds to hire talent and build a scalable platform for accelerating the adoption of economically and environmentally sustainable HVAC options worldwide.

Company Information

Company Status
Private & Independent
Industry
Consumer
Mailing Address
Brooklyn Navy Yard 63 Flushing Ave. Unit 286 702
Brooklyn, NY 11205
USA
Email Address
Overview
Kelvin was founded in New York City in 2013 by Marshal Cox, a material science engineer with a Masters from Cornell University and a PhD in electrical engineering from Columbia University. The inspiration for the company came from Marshal's twin brother, who complained about the heat in his apartment while staying with him for a month. Marshal came up with a solution that eventually became the basis of Radiator Labs, the original name of the company. Unknowingly, from that day forward, he set out on a mission to decarbonize legacy building's heating and cooling systems.
Profile
Kelvin LinkedIn Company Profile
Social Media
Kelvin Company Twitter Account
Company News
Kelvin News
Facebook
Kelvin on Facebook
YouTube
Kelvin on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Marshall Cox
  Marshall Cox LinkedIn Profile  Marshall Cox Twitter Account  Marshall Cox News  Marshall Cox on Facebook
Chief Operating Officer
Ely Greenberg
  Ely Greenberg LinkedIn Profile  Ely Greenberg Twitter Account  Ely Greenberg News  Ely Greenberg on Facebook
Co-Founder
Ioannis Kymissis
  Ioannis Kymissis LinkedIn Profile  Ioannis Kymissis Twitter Account  Ioannis Kymissis News  Ioannis Kymissis on Facebook


 

 

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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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