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.

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Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 20,755,406 — Total deaths: 752,225— Total recoveries: 12,917,934Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 5,246,760 — Total deaths: 167,052 — Total recoveries: 1,774,648 — Total tests: 64,831,306Map.
  3. Politics: House Democrats to investigate scientist leading "Operation Warp Speed" vaccine projectMcConnell announces Senate will not hold votes until Sept. 8 unless stimulus deal is reached.
  4. 2020: Biden calls for 3-month national mask mandateBiden and Harris to receive coronavirus briefings 4 times a week.
  5. States: Georgia Gov. Brian Kemp to drop lawsuit over Atlanta's mask mandate.
  6. Business: Why the CARES Act makes 2020 the best year for companies to lose money.
  7. Public health: Fauci's guidance on pre-vaccine coronavirus treatments Cases are falling, but don't get too comfortable.

Trump says he intends to give RNC speech on White House lawn

President Trump speaking to reporters on South Lawn in July. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump told the New York Post on Thursday that he plans to deliver his Republican National Convention speech from the White House lawn, despite bipartisan criticism of the optics and legality of the location.

Why it matters: Previous presidents avoided blurring staged campaign-style events — like party conventions — with official business of governing on the White House premises, per Politico.

Fauci's guidance on pre-vaccine coronavirus treatments

Illustration: Aïda Amer/Axios

Antibody drugs and various medicine cocktails against the coronavirus are progressing and may provide some relief before vaccines.

The big picture: Everyone wants to know how and when they can return to "normal" life, as vaccines are not expected to be ready for most Americans for at least a year. Two therapies are known to be helpful, and more could be announced by late September, NIAID Director Anthony Fauci tells Axios.