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Energy Tech Series A Founded 2013

Kelvin

Kelvin provides radiator upgrade solutions for temperature control and energy savings in legacy-heateded buildings, bringing radiator-heated buildings into the the 21st century with precise temperature control and efficient heating. The company's product line includes Cozy, a smart radiator cover that installs easily and provides proven comfort and efficiency improvements, and an Adaptive Electrification platform…

📍 Brooklyn, United States · Energy Efficiency Tech,

Funding snapshot

Last roundSeries A
Amount$30M
Date18 May 2023
Total raised$34M
Team size58

About

Kelvin provides radiator upgrade solutions for temperature control and energy savings in legacy-heateded buildings, bringing radiator-heated buildings into the the 21st century with precise temperature control and efficient heating. The company's product line includes Cozy, a smart radiator cover that installs easily and provides proven comfort and efficiency improvements, and an Adaptive Electrification platform that replaces window ACs with smart heat pumps. The products work with existing building boilers, controls, radiators, and windows, requiring no replacement of core heating infrastructure. Independent testing by NYSERDA has verified average 25.5% savings on heating costs, with additional benefits including temperature controls for residents, improved safety for children and pets, compliance with local sustainability laws, and eligibility for utility rebates and tax credits. The company offers solutions at no upfront cost through its service model, serving building owners and property managers seeking to reduce heating and cooling costs, generate new revenue, and avoid carbon fines. Founded in 2013 and headquartered in Brooklyn, United States, the company has raised approximately $34.3M in Series A funding from investors including 2150.VC, Schmidt Family Foundation, Partnership for New York City, MetaProp NYC, and Third Sphere.

Business model

Smart Homes > HVAC > Smart Heating Systems > Radiator Enclosure,

Energy Efficiency Tech > Thermal Products > HVAC > Radiator Fans,

Facility Management Tech > Building Management > Building Energy Management > HVAC

Team background

College Wise > Columbia University, Cornell University

Institutional investors

2150.VC Schmidt Family Foundation Partnership for New York City New Energy Nexus Clean Fight Dorm Room Fund America’s Seed Fund Avesta Fund MetaProp NYC Urban Future Lab Third Sphere GP Ventures Innovation Incubator 1776 Ventures

Backed by funds in our directory

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