$5million funding to improve US building energy management
Aquicore, a leader in real-time data collection and analytics for commercial real estate, has secured $5 million in Series A funding in a step towards reducing energy consumption in the United States through real-time energy management solutions.
“With this new round of funding, we will bring even more ambitious innovations to market, strengthening our vision to connect the physical and global environments to our digital one more seamlessly than ever before imagined,” said Logan Soya, Aquicore’s Founder and CEO.
41% of total energy spending in the United States is consumed by buildings, while on average 30% of a building’s energy spending is wasted.
“We are excited and proud to gain support from both Kiddar Capital and Navitas Capital. Kiddar Capital is an influential member of the real estate and construction industry and Navitas is a seasoned investor in this space – the perfect springboard for Aquicore to expand in an impactful and deliberate way for our current and future customers,” he added.
The funding was led by Kiddar Capital, a forerunner in smart city venture capital, with Navitas Capital, a Silicon Valley-based venture capital firm focused on real estate, and intelligent building solutions.
Kiddar Capital, founded by construction and real estate veteran Todd Hitt, is committed to helping Aquicore realize explosive sales growth.
“Logan Soya and Aquicore exemplify Kiddar’s dedication to strategic investments in leaders in the sphere of technology and real estate,” says Cheryl Foil, Kiddar’s Principal of Technology and Venture investments.
“We were introduced through 1776 and have been impressed with their momentum since day one.”
Building owners, managers, engineers and sustainability teams rely on Aquicore’s scalable cloud-based platform and robust data visualization for the intelligence they need to operate more efficiently and effectively.
Founded by Logan Soya, Aquicore offers owners and operators of commercial portfolios a powerful and flexible platform to deploy, collect and analyze real-time electricity, water, and gas data with unprecedented ease.
Read the June 2016 issue of Construction Global magazine