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.

Jun 30, 2020

Apartments for rent in Seattle: What will $3,700 get you?

Curious just how far your dollar goes in Seattle real estate? From budget apartments to luxury apartments, here's what you can get locally by price point, with photos and amenities. Read More

Jun 30, 2020

Top Seattle news: Boy, 16, dies in CHOP shooting; man shot, killed woman at home, police say; more

Here's the most recent top news in Seattle; see what headlines are trending among local readers, with links to full articles. Read More

Jun 30, 2020

The 4 best pet stores in Seattle

Here's a rundown of top businesses in the city. Did your favorite make the cut? Read More

Jun 30, 2020

Your weather today in Seattle

What's the weather today? What's the weather for the week? Here's your forecast. Read More