Sealed
Sealed is a New York-based climate tech company that operates a three-sided platform connecting homeowners, vetted contractors, and utility/state program administrators to deliver home weatherization and electrification projects financed through performance-based rebates and measured energy savings across eight U.S. states.
- Company typePrivate
- Founded2012
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Sealed does
Sealed, Inc. is a New York-based, privately-held climate tech company that operates a three-sided platform connecting residential homeowners, independent home-performance contractors, and utility/state program administrators to deliver home weatherization and electrification projects. The company acquires homeowners through a website-based intake questionnaire, matches them with vetted local contractors, and finances the upgrades primarily through federal, state, and utility rebate programs. As the first ENERGY STAR Home Upgrade Service Provider (designated by the U.S. EPA in May 2024), Sealed serves residential customers — including low- and moderate-income households eligible for IRA-funded rebates — across California, Connecticut, Maryland, New Jersey, New York, Pennsylvania, Illinois, and Wisconsin.
The company's core technology is Sealed Pro, a software, data, and analytics platform that performs real-time energy-savings calculations in the home, guarantees a minimum rebate amount at the point of sale, manages rebate submission paperwork, and pays contractors upfront at the time of install while Sealed retains the performance risk on measured energy savings. Following the January 2023 acquisition of InfiSense, a wireless-sensing and building-data software firm, the platform also ingests post-installation energy and indoor air-quality data to verify savings and inform program administration. The same data infrastructure underpins Sealed's measured-savings program-administration offering for state energy offices and utilities, and is positioned by the company as the foundation for Virtual Power Plant development.
Sealed monetizes through a performance-risk-bearing aggregator model: it pays rebates to contractors and households upfront upon installation, bears the risk if measured savings fall short, and is reimbursed by utility/state programs over time, capturing a spread plus value-added service fees. Revenue is supplemented by managed-services revenue from the Sealed Pro contractor platform and professional-services revenue tied to Energy Star Home Upgrade delivery. The company has raised approximately $97.5M across debt and equity rounds since 2016, with Fifth Wall's Climate Technology Fund and Keyframe Capital Partners as lead institutional backers, and is led by co-founder/CEO Lauren Salz and founder/President Andy Frank.
Sealed firmographics
Firmographics- Name
- Sealed
- Legal name
- Sealed, Inc.
- Website
- https://sealed.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Sealed is a New York-based climate tech company that operates a three-sided platform connecting homeowners, vetted contractors, and utility/state program administrators to deliver home weatherization and electrification projects financed through performance-based rebates and measured energy savings across eight U.S. states.
- Ownership category
- akta.pro rank
Sealed industry classification
Industry- Product category
- Residential Energy Efficiency Services
- akta.pro primary industry
- Waterproof Coatings & Leak Sealing (Basements, Foundations, Roof Coatings) (HSAGADAI)
- akta.pro secondary industry
- Weatherstripping, Seals & Draftproofing (Door sweeps, Thresholds) (HSAGAEAE)
Keywords
Where Sealed is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Sealed business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Program aggregator / rebate performance-risk spread: Sealed acts as a Program Aggregator: it pays rebates to contractors and households upfront upon installation, takes on the performance risk of projects (if measured savings fall short, Sealed absorbs the loss), and is paid back by utility/state programs over time. Revenue is effectively a spread between upfront payments to contractors/households and reimbursement received from programs, plus value-add services to programs.
- Sealed Pro contractor platform / lead generation: Sealed provides contractors with qualified leads, project matching, energy-savings and rebate calculation tools, rebate submission services, and upfront payment. Contractors are matched to households via Sealed; revenue derives from the program/admin fees and value-add services provided through this contractor channel.
- Energy Star Home Upgrade Service Provider services: As the first ENERGY STAR Home Upgrade Service Provider, Sealed connects homeowners with vetted performance-focused contractors and administers the upgrade program; revenue tied to delivered upgrades across multiple state markets (CA, CT, MD, NJ, NY, PA, IL, WI).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Other | Custom quote per home; qualifying homes receive upgrades at no upfront cost with energy-savings guarantee |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels7 records
Sealed product offering
Product offeringCore offering
Sealed is a climate tech company that designs, manages, and finances home weatherization and electrification projects. It operates Sealed Pro, a software, data, and analytics platform that connects vetted contractors with homeowners, calculates energy savings in real time, guarantees rebate amounts in-home, handles rebate submission, pays contractors upfront at time of install, and takes on the performance risk of measured savings. Sealed also acts as a Program Aggregator for state energy offices and utilities, aggregating residential retrofit portfolios that serve as the foundation for Virtual Power Plants.
Product overview
Sealed operates a single unified climate tech platform spanning homeowners, contractors, and program/policy stakeholders. The core offering for households (Sealed Homeowner Service) is delivered via Sealed Pro, the contractor-facing software platform that powers energy savings calculations, in-home rebate guarantees, rebate submission, upfront contractor payments, and measured-savings performance verification. Sealed also serves state energy offices and utilities as a program aggregator (Sealed for Programs & Policy Makers), and following the January 2023 acquisition of InfiSense, the company incorporates wireless sensing and building data software to expand access to home energy and indoor air quality data. Sealed is also the first ENERGY STAR Home Upgrade Service Provider, delivering a curated six-upgrade whole-home efficiency package.
Differentiator
Problem solved
Functional benefit
Brands
- Sealed Pro: A software, rebate, and contractor enablement product launched in March 2024 to accelerate the market for electrification and other home energy improvements by paying contractors up front for rebates tied to home electrification projects.
Products and services
- Sealed Homeowner Service Climate tech homeowner service that matches households with vetted local contractors for high-performance home energy upgrades, including attic sealing and insulation, air sealing, smart thermostats, heat pump HVAC, heat pump water heaters, and full electrification projects. Backed by an energy-savings guarantee and offered at no upfront cost to qualifying homes.
- Sealed Pro Software and partner platform for energy efficiency contractors. Performs energy savings and rebate calculations in real time, guarantees in-home rebate amounts, manages rebate submission paperwork, pays contractors upfront at time of install, and assumes the performance risk of measured energy savings.
- Sealed for Programs & Policy Makers Aggregator offering for state energy offices, utilities, and rebate program administrators. Simplifies rebate programs for contractors and households, delivers performance-based measured savings programs, and aggregates a portfolio of home energy retrofit projects to support virtual power plant development.
- ENERGY STAR Home Upgrade Service First ENERGY STAR Home Upgrade Service Provider. Connects households to qualified, performance-focused contractors to install six high-impact, whole-home Energy Star upgrades: air-source heat pump, heat pump water heater, smart thermostat, attic sealing and insulation, ENERGY STAR windows, and all-electric ready electrical panel.
- Performance-Based Measured Savings Program Sealed's core program model that bases rebates on actual, verified post-installation energy savings (rather than modeled estimates), providing consumer protection, taxpayer accountability, and a foundation for valuing energy savings by time, location, and emissions.
Companies that use Sealed
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles3 records
Sealed technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature5 records
Sealed partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered minor, flagship and core.
- Ceres (with dsm-firmenich, Rivian, Akamai Technologies, HASI, Leopardo Construction, Leopardo Energy)minorSealed joined a coalition led by Ceres, along with dsm-firmenich, Rivian, Akamai Technologies, HASI, Leopardo Construction, and Leopardo Energy, that actively supported Illinois' Clean and Reliable Grid Affordability (CRGA) Act via a joint letter to Illinois leaders. The CRGA Act aims to reduce electricity costs, modernize grid infrastructure, and expand clean energy access.
- ENERGY STAR (U.S. EPA)flagshipSealed was selected as the first ENERGY STAR Home Upgrade Service Provider in May 2024. The partnership connects Sealed's contractor network to households performing the ENERGY STAR Home Upgrade — a set of six high-impact upgrades including heat pumps, heat pump water heaters, smart thermostats, insulation, ENERGY STAR windows, and electrical readiness — across California, Connecticut, Maryland, New Jersey, New York, Pennsylvania, Illinois, and Wisconsin.
- Pearl CertificationcoreSealed, Recurve, and Pearl Certification jointly released a sample application in February 2024 to help states implement HOMES modeled and measured pathways together — leveraging Pearl's third-party certification to maximize the market transformation potential of the program.
- InfiSensecoreSealed acquired InfiSense, a data software firm that develops wireless sensing solutions for buildings, in January 2023. The acquisition improves access to energy and indoor air quality data from homes to better manage and enhance energy efficiency projects, and now forms part of Sealed's data and analytics stack.
- RecurvecoreSealed and Recurve, in coordination with Pearl Certification, released a sample application in February 2024 for states to implement the IRA HOMES program's modeled and measured pathways together. The coalition also jointly developed early IRA timing guidance for state energy offices.
- Rockland Electric CompanyminorSealed partnered with Rockland Electric Company in October 2021 to modernize New Jersey homes' heating and cooling. Rockland Electric is also one of Sealed's utility partners listed on the Energy Star page.
- Con EdisoncoreCon Edison partnered with Sealed in February 2018 on a program for residential customers that pays for comfort upgrades. Con Edison is also one of Sealed's partner utilities listed on the Energy Star Home Upgrade page.
- AVANGRID (CNG, SCG, UI)coreCNG, SCG, and UI — part of the AVANGRID family of utilities — are listed as Sealed partner utilities on the Energy Star Home Upgrade page, supporting the delivery of home energy upgrades to their residential customers.
- NYSEG and RG&E (AVANGRID)coreNYSEG and RG&E — part of the AVANGRID family of utilities — are listed as Sealed partner utilities on the Energy Star Home Upgrade page, supporting home energy upgrades across New York State.
- Orange & RocklandcoreOrange & Rockland is listed as one of Sealed's partner utilities on the Energy Star Home Upgrade page, supporting residential energy upgrade delivery in its service territory.
- National FuelminorNational Fuel is listed as one of Sealed's partner utilities on the Energy Star Home Upgrade page.
- Central Hudson Gas & ElectricminorCentral Hudson is listed as one of Sealed's partner utilities on the Energy Star Home Upgrade page, supporting energy upgrade delivery in New York's Hudson Valley.
- BloombergminorBloomberg has covered Sealed multiple times including a March 2022 piece on weatherizing homes as energy prices rise and a March 2024 piece highlighting Sealed Pro's upfront rebate payment model for contractors.
- TechCrunchminorTechCrunch covered Sealed's $29.5M Fifth Wall-led deal (April 2022) and other funding milestones.
- Fast CompanyminorFast Company named Sealed to its World's Most Innovative Companies list in 2021 and has featured CEO Lauren Salz on multiple occasions.
Scale indicators9 records
Recent moves8 records
Expansion highlights7 records
Sealed competitors and assessment
Company assessmentDirect peers
- Recurve: Recurve develops the OpenEfficiency Platform for measured-savings M&V and was Sealed's explicit coalition partner on the IRA HOMES sample application. Both firms target utility and state program administrators with measured-savings methodologies, making them the closest direct comparator.
- BlocPower: BlocPower finances and manages residential and small-commercial building electrification and energy-efficiency retrofits, with a software-led project platform. It competes with Sealed for contractor-driven residential electrification and decarbonization program delivery.
- Pearl Certification: Pearl Certification provides third-party certification of high-performance homes and was Sealed's partner on the HOMES sample application. Pearl sits in the same residential energy-upgrade verification stack that Sealed's program-aggregator model is built around.
- EnergySage: EnergySage operates a leading online marketplace where homeowners compare quotes for solar, heat pumps, and home energy upgrades from vetted installers. It overlaps with Sealed's homeowner-acquisition and contractor-matching motion in residential electrification.
Broad incumbents
- Franklin Energy: Franklin Energy designs and delivers utility energy-efficiency programs, including residential weatherization and electrification, across multiple U.S. states. It is a broad incumbent competing with Sealed for utility rebate program administration work.
- ICF International: ICF is a large consulting and digital services firm with a major energy efficiency and climate practice serving utilities, state agencies, and DOE. It frequently competes with Sealed on program design, evaluation, and administration engagements.
- CLEAResult: CLEAResult is one of the largest North American energy-efficiency program administrators, running utility demand-side management programs at scale. It is a broad incumbent Sealed competes with for large utility and state program-administration contracts.
Emerging players
- Arcadia: Arcadia operates a clean-energy data platform that connects utility data to residential clean-energy products, including community solar and home electrification. It is an emerging adjacent platform with partial overlap in residential energy data and program enablement.
- Span.IO: Span develops smart electrical panels that enable whole-home electrification and load management. It is an emerging hardware player whose electrification focus overlaps with Sealed's heat-pump and panel-upgrade project scope.
Others
- Generate Capital: Generate Capital is a specialty financier of sustainable infrastructure, including residential and community-scale energy efficiency. It is adjacent to Sealed as a capital partner for performance-based residential efficiency financing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Sealed social profiles
Digital presenceSealed compliance and trust
Trust signalCompliance2 records
Sealed financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sealed leadership team
Management profileNumber of profiles
Profiles6 records
Sealed subsidiaries and ownership
Company hierarchySubsidiaries1 record
Sealed funding detail
Funding detailFunding overview
Funding rounds6 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sealed M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sealed
What does Sealed do?
Sealed is a climate tech company that designs, manages, and finances home weatherization and electrification projects. It operates Sealed Pro, a software, data, and analytics platform that connects vetted contractors with homeowners, calculates energy savings in real time, guarantees rebate amounts in-home, handles rebate submission, pays contractors upfront at time of install, and takes on the performance risk of measured savings. Sealed also acts as a Program Aggregator for state energy offices and utilities, aggregating residential retrofit portfolios that serve as the foundation for Virtual Power Plants.
Is Sealed a public or private company?
Sealed is a private company. It is classified as venture growth investor backed and is currently operating.
When was Sealed founded?
Sealed was founded in 2012. It employs 51 to 100 people.
Where is Sealed based?
Sealed is headquartered in New York, United States, in the North America region.
How does Sealed make money?
Three revenue lines are on record. Program aggregator / rebate performance-risk spread is the primary driver. The others are sealed Pro contractor platform / lead generation and energy Star Home Upgrade Service Provider services.
Who are Sealed's main competitors?
Direct peers on record are Recurve, BlocPower, Pearl Certification and EnergySage. Broad incumbents are Franklin Energy, ICF International and CLEAResult. Emerging players are Arcadia and Span.IO. Generate Capital is listed as an others.
Does Sealed have an API?
No public API is recorded for Sealed.
What industry is Sealed in?
Sealed's product category is Residential Energy Efficiency Services. Its primary akta.pro industry code is HSAGADAI, Waterproof Coatings & Leak Sealing (Basements, Foundations, Roof Coatings), with a secondary code of HSAGAEAE, Weatherstripping, Seals & Draftproofing (Door sweeps, Thresholds).