# Coral

> Coral is a New York-based climate fintech that lets HVAC and electrical contractors turn complex government and utility rebates into instant, upfront discounts at the point of sale. Its AI-powered platform verifies rebate eligibility on the spot, files the paperwork directly with programs, and advances the rebate funds - typically within one business day - so homeowners can knock thousands off a heat pump install at the kitchen table. Coral raised a $7.5M seed round in March 2026 and works with 100+ installers across the Northeast.

- **Founded:** 2023
- **Headquarters:** New York, New York, United States
- **Founders:** Samir Pendse (Co-Founder & CEO), Nizar Dhamani (Co-Founder)
- **Team size:** ~11 employees
- **Products:** Instant Rebate Processing, Rebate Management & Filing, Rebate Fund Advancement, Financing Solutions, ServiceTitan Integration
- **Notable:** Raised $7.5M seed round in March 2026 with a strategic investment from Watsco Ventures., Onboarded 100+ leading installers across the Northeast., Contractors using Coral report a 20-30% lift in sales conversions.

## Products & services

- **Instant Rebate Processing** — Real-time eligibility validation and rebate confirmation so contractors can deduct incentives from the contract price at signing.
- **Rebate Management & Filing** — Coral files rebate applications directly with utility and government programs and handles the paperwork on the contractor's behalf.
- **Rebate Fund Advancement** — Coral fronts the rebate amount and delivers funds within one business day of installation, removing months-long payout delays.
- **Financing Solutions** — Low-cost financing options paired with rebates to further lower upfront costs for homeowners.
- **ServiceTitan Integration** — Fits into contractors' existing ServiceTitan workflow so rebates run inside tools they already use.

## Achievements

- Raised $7.5M seed round in March 2026 with a strategic investment from Watsco Ventures.
- Onboarded 100+ leading installers across the Northeast.
- Contractors using Coral report a 20-30% lift in sales conversions.
- Delivers rebate funds within one business day of installation.

## Latest updates

- **2026-03** — Announced a $7.5M seed round led by ResilienceVC with strategic backing from Watsco Ventures, plus a new debt facility to advance rebate funds.
- **2026-03** — Reported working with 100+ installers across the Northeast and a 20-30% sales conversion lift for participating contractors.

## Links

- Website: https://startcoral.com
- LinkedIn: http://www.linkedin.com/company/startcoral

---

Profile page: https://yespress.io/coral
Published by YesPress — https://yespress.io
Last updated: 2026-07-06