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Omnidian's $15 million financing tops recent funding news in Seattle

Photo: Carl Attard/Pexels
By Hoodline - Published on July 01, 2019.

Seattle-based solar panel company Omnidian has secured $15 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced June 25 and led by IA Capital Group.

According to its Crunchbase profile, "Omnidian is a provider of comprehensive protection plans for investments in residential solar energy systems. It serves both individual homeowners and financial institutions, such as funds and third-party owners, that manage large portfolios of residential solar assets. The company's lifetime performance guarantee includes real-time monitoring, proactive service alerts and 100% covered hardware and software through a nationwide network of field service professionals, as well as a 100% guarantee on energy or plan owners will be reimbursed for energy loss."

The four-year-old startup has raised four previous funding rounds, including a round in 2018.

The round brings total funding raised by Seattle companies in sustainability over the past month to $35 million. The local sustainability industry has seen 11 funding rounds over the past year, securing a total of $49 million in venture funding.

In other local funding news, virtual reality company Against Gravity announced a Series A funding round on June 9, financed by Sequoia Capital.

According to Crunchbase, "Against Gravity is an augmented and virtual reality software company that operates in the technology industry. They also shared a passion for VR, AR, social, and multiplayer experiences. The company was founded in on April 1, 2016, and is headquartered in Seattle, WA."

Founded in 2016, the company has raised two previous rounds, including a $5 million seed round in 2017.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.

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