Outer Spaces launches with $8M for solar-powered backyard gear
What's the deal? Outer SpacesDealroom has a profile for this one. Try Dealroom →, a startup building outdoor furnishings embedded with solar panels and batteries, launched with $8 million in pre-seed funding, chief executive officer Jiake Liu told Axios Pro.
What's the endgame? The company designs backyard products — furniture fitted with solar and storage — that let home owners generate and store power outdoors.
Why now? As the cost of solar panels and batteries falls, the technology is being designed into consumer products aimed at home owners.
The signal: The round is a standout for its market. Against all-time seed deals in New Zealand's real estate sector, Outer Spaces' raise lands in the 99th percentile — a sign that investors see room for climate hardware to move into the backyard.
Read more: Axios
Image credit: Outer Spaces
