Sealed @sealed

Startup, New York, NY – 11-50 employees

Sealed® is the first and only company that finances home improvements with energy savings. An initial target market of 4 million homes in the Northeast US alone represents $14+ billion in high-return investment potential.

Fifty percent of US homes report drafty rooms reflecting air leaks and poor insulation (EIA). Homeowners with uneven temperatures, cold floors, or high energy bills often know that they need to - and very much want to - fix up their home, but many things can stand in the way - the projects can be costly and many homeowners do not like the idea of taking on more debt.

Sealed is redefining energy services for homeowners. We are the first and only company to finance home improvements directly with energy savings, with HomeAdvance, a unique product that leverages our proprietary data, analytics, and software. July 20141,400,000 per yrSealed has sold more than 125 home energy efficiency projects. Here's what customers said:

"My bedroom is ACTUALLY warm for a change. I’m a believer.”
— Josh G., East Meadow, NY

"Choosing Sealed was a no-brainer! Lower energy bills with $0 down.”
— Cat G., Malverne, NY

Upfront sales revenue averages $3,000-$4,000 when selling directly and $500 to $1,000 when selling via channels.
Recurring revenue from the savings brings ~$6,000 to Sealed after financing and operational costs. Sealed's long term billing relationship enables monthly touchpoint to up-sell additional products and services.Sealed began direct sales of our first product, a Guaranteed Savings offer which led us to build PAYS, in Long Island in July 2014. Since launching, we have conducted 600+ home energy assessments (with 20 more each week). Twenty percent of assessments turn into customers. Project sales in 2015 were worth $1.4M, gross.

Sealed has reached customers via events, retail partnerships, community partnerships, partnerships with large energy companies, door-to-door canvassing, and phone marketing as well as referrals.