Omnidian Secures $15M in Series A Capital Raise to Deliver “Solar Without Fear” to Homeowners and Businesses
National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG)
US:NYSE Investor Relations:
investors.nationalgrid.com
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Source: Business Wire
The round, led by insurtech investor IA Capital, will enable the company to expand the reach of its solar protection plan to over 75 percent of the U.S. residential solar market SEATTLE--(BUSINESS WIRE)--Omnidian, the only nationwide provider of residential and C&I solar system protection plans and performance guarantees, today announced a successful $15 million capital raise. The round was led by IA Capital, a New York-based insurtech venture capital firm. Additional investors in the round include the venture arms of major utilities Evergy, National Grid (National Grid Partners) and Avista Corp, as well as investments from Blue Bear Capital, Congruent Ventures and City Light Capital.With this injection of capital, Omnidian will continue to support its multiple Fortune 1000 clients’ residential lease portfolios and grow its Elite Dealer Program, which allows residential solar dealers to include Omnidian’s comprehensive system protection and cash-back performance guarantees for all
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