Tankfarm hires veteran tech investor as CFO

March 16, 2021 By    

Tankfarm has brought on veteran tech investor Edward Mirsepahi as its founding CFO.

“Edward comes to us after an investing career that spans over 25 years on Wall Street and, most recently, as a Silicon Valley-based investment manager who consistently delivered market-beating returns to his investors,” says Andrew Heaney, Tankfarm co-founder and CEO. “Edward’s experience in leading and managing organizations, plus his unique understanding of technology-enabled service businesses like Tankfarm, is going to be a tremendous asset to us, especially as we embark on raising our Series B.”

In May 2020, Tankfarm announced closing $3.5 million in Series A funding for its platform designed to modernize and streamline propane distribution in the United States.

Tankfarm is a propane distribution company focused on the residential market. It invests in software and tank monitors to make deliveries more efficient and profitable for propane marketers and more convenient for consumers.

Tankfarm partners with propane marketers across the country to fulfill deliveries to end users. It’s already joined with top marketers in 30 states and from over 200 locations. Its mobile app communicates with a wireless monitor that Tankfarm places on all tanks to help customers know how much propane they have in their tank, how much they’re using and when they’re using it.

The company will look to Mirsepahi to help continue that growth.

“In less than two years, Tankfarm has built a high-powered C-suite with over 100 years of experience in the propane, technology and financial industries,” Heaney says.

Heaney founded Tankfarm, headquartered in Millbrook, New York, in October 2016 after a long career in the liquid fuels industry.

Featured image: arthobbit/iStock/Getty Images

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About the Author:

Brian Richesson is the editor in chief of LP Gas Magazine. Contact him at brichesson@northcoastmedia.net or 216-706-3748.

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