Entrepreneur

Tankfarm Hires Veteran Tech Investor as CFO


MILLBROOK, N.Y.–()–Tankfarm, a new kind of propane distribution company, announced today that it 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,’ said 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.”

Tankfarm invests in software and tank monitors to make deliveries more efficient and profitable for suppliers and more convenient for consumers. The company aims to improve the propane industry’s approach to technology, so it can begin to meet the expectations of today’s propane consumer. The U.S. propane industry is highly fragmented and has been slow to embrace new technology.

“In less than two years, Tankfarm has built a high-powered C-suite with over a hundred years experience in the propane, technology and financial industries, “Heaney explained. “Combined with our amazing and talented product, sales and customer support teams we’re well-positioned to develop the best customer experience in the propane industry.”

Tankfarm builds software and applications that connect propane customers with suppliers in an easy, intuitive, transparent way. The company is laser focused on the residential propane market and delivers a seamless customer experience. The software is free to use, Tankfarm does not charge any hidden nuisance fees, and customer service is a priority. To fulfill deliveries, Tankfarm has partnered with top propane marketers in 30 states and from over 200 locations. Its mobile app communicates with a wireless monitor 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.

Tankfarm is headquartered in Millbrook, New York. For more information, visit: https://tankfarm.io

About Tankfarm

Tankfarm is a propane distribution company that invests in software and tank monitors to make deliveries more efficient and profitable for our suppliers, and to delight our users. Tankfarm’s free software connects residential propane customers with suppliers; offers transparent, upfront pricing; and provides superior customer service. The Tankfarm supplier network spans 30 states and over 200 locations. Our mission is to improve the propane industry’s approach to technology and improve the customer experience.

Tankfarm is a member of the National Propane Gas Association (NPGA), the Propane Gas Association of New England (PGANE), the Maine Energy Marketers Association, the New York Propane Gas Association (NYPGA), the New Jersey Propane Gas Association (NJPGA), the Pennsylvania Propane Gas Association (PAPGA), the Mid-Atlantic Propane Gas Association (MAPGA) the Virginia Propane Gas Association (VPGA), the Rocky Mountain Propane Association(RMPA), the Western Propane Gas Association (WPGA), the Pacific Propane Gas Association (PPGA), and the Texas Propane Gas Association (TPGA).



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