Kelvin Receives Funding to Hire, Build New Platform
Kelvin, a provider of decarbonized HVAC solutions for legacy buildings, announced the closing of $30 million in funding. Kelvin recently rebranded from Radiator Labs to reflect the company's growth beyond radiators, including expansion into the U.S. market and targeting older building decarbonization where emissions reduction is a vital climate goal.
The Series A round was led by climate-focused venture capital firm 2150, with participation from the Schmidt Family Foundation, the Partnership Fund for NYC, and several previous investors. The funds will be used for hiring and to build a scalable platform for accelerating the adoption of economically and environmentally sustainable HVAC options worldwide.