Fundraising FoxDarcy Solutions
Excelsior, US · Founded 2018 · Minnesota corporation · 3 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
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 · 3
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)
▶$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
▶$525KraisedJan 2020 · 7 investors · Other EnergyRule 506(b)
▶$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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
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In the news
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, 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.