Raising $20M in first year, Daisy has quickly become the first national smart home services company
Costa Mesa, Calif., September 9, 2024 – Daisy, the first national home technology installation and services company, today is announcing its $7 million Series B, bringing its total investment to date to over $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 is the first national company to offer recurring, consistent, and reliable home technology services and support, including audio/video (AV), security systems, smart lighting, automated shades, home networking, control systems, and more. This latest raise allows Daisy to continue to build out its support team and branches, as well as its innovative branch support center.
Since announcing its intention to become the first smart home servicing company in January, Daisy now operates coast-to-coast with 9 locations across 5 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,” shared Hagan Kappler, co-founder and CEO. “This Series B will ensure we can continue the momentum achieved since our first acquisition 6 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.”
About Daisy
Daisy is a nationwide leader in smart home and small business technology installation and services, designing custom smart living spaces and providing ongoing technology support for audio/video (AV), security systems, smart lighting, automated shades, home networking, control systems, and more. Daisy is currently onboarding top integrators across the country, offering unparalleled training and support. To learn more or become a future business partner, franchisee, technician, or customer, please visit www.daisyco.com.