Fundraising Fox

Darcy Solutions

Excelsior, US · Founded 2018 · Minnesota corporation · 1 known investors

darcysolutions.com ↗

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.

CleantechClimate TechEnergy

Founders & leadership

LB
Larson BrianNamed on SEC filing
RJ
Randolph JimmyNamed on SEC filing
AS
Andrew SteinerNamed on SEC filing
FR
Frederick R. SteinerNamed on SEC filing
DK
Dan KingNamed on SEC filing
JR
Jimmy RandolphNamed on SEC filing
KJ
Kathy JenningsNamed on SEC filing
SI
Spencer IngaldsonNamed on SEC filing
AG
Andy GustafsonNamed on SEC filing
JR
James RubinNamed on SEC filing

Investors · 1

Evergreen Climate InnovationsChicago

Reported raises · per SEC filings

Form D private placements

$15.5M disclosed across 2 rounds · 2019–2026

▶$15MraisedAug 2026 · 16 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
▶$525KraisedJan 2020 · 7 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 2

by search overlap
Canary Media8 shared keywordsCanary Media is a media and journalism organization focused on the clean energy transition. The page shows an editorial and operational staff structure but provides no specific company mission or service details.
Dandelion Energy6 shared keywordsDandelion Energy designs and installs geothermal heating and cooling systems for homes, positioning geothermal as a primary heating and cooling solution for both new and existing residential buildings.

Companies competing with Darcy Solutions for the same Google search keywords, organic and paid, via search-intersection analysis.

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 Evergreen Climate Innovations.
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.