Residential geothermal company Dandelion Energy has raised $16 million in series A funding from backers including Google's VC arm and big homebuilding player Lennar Corp., bringing total funding to $23 million.

Why it matters: The New York-based company, which spun out of Alphabet's R&D arm in 2017, said the cash will allow new R&D, the opening of new warehouses, and personnel additions.

Details: Comcast Ventures led the round with GV (once called Google Ventures).

  • Other backers in the new round include NEA, Collaborative Fund, Ground Up, and Zhenfund.
  • Dandelion declined to disclose the size of its current customer base, but a spokesman said they're the largest residential geothermal installer in the state.

The big picture: The company is marketing geothermal heating and cooling to displace electric and fossil fuel-based systems, including propane and fuel oil common in the Northeast.

The intrigue: Lennar's role appears to provide Dandelion a chance to expand more quickly.

  • Lennar's Eric Feder said in a statement that they've wanted to include geothermal heating and cooling systems in new homes for years but "the math never made sense."
  • Dandelion is "finally making geothermal affordable" so they're exploring the idea of including it in the homes they build, Feder writes.

Go deeper:

Go deeper

8 hours ago - Health

Fauci says if people won't wear masks, maybe it should be mandated

Anthony Fauci. Photo: Graeme Jennings- Pool/Getty Images

NIAID director Anthony Fauci told CNN on Friday evening that if "people are not wearing masks, then maybe we should be mandating it."

Why it matters: Fauci made the comments the same day the U.S. hit its highest daily COVID-19 case count since the pandemic began.

Harris to Black voters: Casting a ballot is about honoring your ancestors

Democratic vice presidential nominee Kamala Harris speaks at a "Get Out The Vote" rally at Morehouse College. Photo: Elijah Nouvelage/AFP via Getty Images

Sen. Kamala Harris appealed to Black voters in Georgia on Friday, urging them to "honor the ancestors" by casting ballots, and again calling President Trump a "racist."

Why it matters: The U.S. saw a significant decline in African-American voter turnout between 2012 and 2016, reaching its lowest point since 2000. Higher turnout among Black Americans this year could tip the balance in favor of Democrats in key battleground states, including Georgia.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Fauci: Trump hasn't been to a COVID task force meeting in months.
  2. Sports: The youth sports exodus continues — Big Ten football is back.
  3. Health: U.S. hits highest daily COVID-19 case count since pandemic began —AstraZeneca to resume vaccine trial in U.S.How to help save 130,000 lives.
  4. Retail: Santa won't greet kids at Macy's this year.
  5. World: Spain and France exceed 1 million cases.