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Darcy Solutions
Excelsior, US · Founded 2018 · Minnesota corporation · 4 known investors
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Darcy Solutions develops the Darcy Dipole System, a groundwater-based geothermal heat exchanger designed around site-specific geology to provide thermal energy for heating and cooling buildings. Founded by University of Minnesota geologists, the company designs and builds geothermal systems to decarbonize building operations.
Founders & leadership
Investors · 4
How we know: Aligned Climate Capital's portfolio page · Not right? Tell us
How we know: Evergreen Climate Innovations's portfolio page · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$15.5M disclosed across 2 rounds · 2019–2026
▶$15MraisedAug 2026 · 16 investors · Other EnergyRule 506(b)
- Andrew SteinerExecutive Officer, Director
- Frederick R. SteinerExecutive Officer, Director
- Dan KingExecutive Officer
- Jimmy RandolphExecutive Officer
- Kathy JenningsExecutive Officer
- Spencer IngaldsonExecutive Officer
- Andy GustafsonExecutive Officer
- James RubinDirector
- Offering amount
- $20.4M
- Amount sold
- $15M
- First sale
- Jul 2026
- Incorporated
- Corporation, Minnesota
- Federal exemptions
- 06b
▶$525KraisedJan 2020 · 7 investors · Other EnergyRule 506(b)
- Larson BrianExecutive Officer, Director
- Randolph JimmyExecutive Officer, Director
- Offering amount
- $600K
- Amount sold
- $525K
- Minimum investment
- $25K
- First sale
- Dec 2019
- Incorporated
- Corporation, Minnesota, 2018
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
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Frequently asked questions
- What does Darcy Solutions do?
- Darcy Solutions develops the Darcy Dipole System, a groundwater-based geothermal heat exchanger designed around site-specific geology to provide thermal energy for heating and cooling buildings. Founded by University of Minnesota geologists, the company designs and builds geothermal systems to decarbonize building operations.
- Who are Darcy Solutions's investors?
- Darcy Solutions's investors include Aligned Climate Capital, Evergreen Climate Innovations, Moderne Ventures, Third Derivative.
- How much funding has Darcy Solutions raised?
- Darcy Solutions has disclosed $15.5M raised across 2 rounds.
- Where is Darcy Solutions headquartered?
- Darcy Solutions is headquartered in Excelsior, US.