Thank you to Emmalyn Shaw, Sarah Morgenstern, Crystal Sun, and the entire Flourish Ventures team for your support and belief in empowering households and businesses to accelerate the shift toward a more sustainable future. We’re so excited to be on this journey with you and to be part of the Flourish Ventures family!
Achieving net-zero emissions by 2050 will require millions of U.S. households and businesses to embrace large-scale electrification efforts, including the installation of EV chargers, heat pumps, and energy storage systems at an unprecedented scale. Yet, the $233B U.S. electrical contracting industry faces significant hurdles that hinder scalability, from labor shortages to fragmented operations. Add to that the complexities of navigating a landscape filled with financing options and tax credits—bolstered by the $360B+ allocated to clean energy initiatives under the Inflation Reduction Act (IRA)—and it becomes clear that streamlined solutions are essential to accelerating this critical transition. We believe Treehouse, a software-enabled turnkey installation platform for electrification projects, is uniquely positioned to help solve these challenges and play a pivotal role in this transformation. How? Simply put, Treehouse’s software-enabled installation platform streamlines electrification projects at scale. Rather than simply connecting customers with installers, it manages the entire customer journey, from providing instant, accurate quotes to handling permits, designing projects, and offering post-installation support. Leveraging AI-powered technology, advanced machine learning and third-party data integration, their platform automates key stages like load calculations, wire runs, and permits to deliver a seamless, transparent experience for customers, partners, and electricians alike. Further, their platform holds the potential to integrate financing options, rebates, and warranties directly into the customer journey to help remove affordability barriers and accelerate adoption on a larger scale. And the demand for such a platform speaks for itself. Since its launch, they’ve completed thousands of installations nationwide and now support partners like CarMax, Assurant, Holman, Emporia, Quilt, and ChargePoint. We are proud to lead the company’s $16.6M Series A funding round, in partnership with new co-investors Eaton, MassMutual Ventures, Veriten, and inVest Ventures, and with continued participation from CarMax, Montage Ventures, Acrew Capital, Holman, Virta Ventures, and Invest Detroit. With this new round of funding, Treehouse will expand its footprint across the U.S. to support OEMs, utilities, fleet managers, and hardware manufacturers looking to launch electrification programs at scale. Congrats Eric Owski and the entire Treehouse team. We couldn’t be more excited to partner with you and support your journey toward a more electrified, sustainable future!