Deals
Crunchbase – May 3
Denver-based Redaptive added another $50 million to its Series E. Led by long-time investor Linse Capital, the new investment brings the round total to $250 million. Redaptive helps customers conserve energy and be more efficient, lowering costs and meeting goals to reduce the carbon footprint.
Tech Crunch – April 11
Infogrid, a startup that uses AI to collect and analyze data on things like air quality, occupancy, and energy consumption, has raised $90 million in a Series B round led by Northzone. Via IoT sensors manufactured by an ecosystem of hardware partners, Infogrid can measure domains such as the number of people, air quality, and cleaning needs throughout a building, so that customers can make adjustments impacting sustainability scores and operating costs.
Los Angeles Business Journal – April 17
PropTech venture capital firm Fifth Wall was announced as the lead investor of a $9 million series B funding round for leasing platform Vero, which comes nearly four months after the firm closed a multi hundred-million-dollar real estate technology fund. The $9 million in capital brings Vero’s total funds raised to-date to $26.7 million and will help to deepen the company’s technology stack.
CityBiz – April 12
Renew, a New York startup developing software to manage tenants and speed up rental renewals, has emerged out of stealth and announced the closing of a seed round of over $8 million. Investors include Upfront Ventures, Goldcrest Capital, Allen & Company LLC, and Walkabout Ventures. Apartment operator RXR and executives of another real estate firm, WC Smith, also participated.
The Real Deal – April 5
Startup ReSeed Partners will provide up-and-coming operators with the cash and support to source deals, and will help source investor funds to close on those deals. ReSeed will pay successful candidates a stipend for living expenses, cover the cost of lead generation, and more. It hopes to make revenue through taking fees on LP capital it secures for the operators and asset management fees.
FinSMEs – April 13
Built Technologies, a Nashville-based construction and real estate software provider, received a strategic investment from Citi through its SPRINT program. The amount of the deal was not disclosed. The company intends to use the funds to accelerate its growth in commercial real estate asset management and enable further operational and technological enhancements.
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