Infogrid secures $90M to transform commercial real estate sustainability
Infogrid, a sustainability-focused smart building technology company, has announced it raised $90 million in a Series B funding round.
Specifically, it raised $90 million in equity and converting CLNs, and $30 million in debt facilities. The investment was led by Original Capital, SoftBank Vision Fund 2 and Northzone.
“Building sustainability and health are mission-critical today, yet most commercial buildings live in the dark ages with no data or way to measure basic things like air quality and energy consumption,” says Sean Wright from JLL Spark. “Infogrid is the only solution in the market that provides the data — and the AI capabilities to harness that data — to take action on building health and sustainability.”
Infogrid is an AI-powered smart building platform designed to optimize and automate facilities management to reduce carbon emissions, waste and costs while promoting employee safety and well-being.
The company works with IoT technologies and sensor providers to collect, combine and analyze data to give owners and landlords a complete understanding of a building’s performance. The Infogrid platform measures the impact of this data and provides useful insights to owners and landlords.
The company says over 200 global blue-chip customers use Infogrid.
“In the aftermath of Covid, there has been a pincer movement of inflation and climate pressures on businesses, leading to widespread concern over the cost and carbon emissions of owning and operating commercial buildings,” says Will Cowell de Gruchy, the CEO of Infogrid. “This created a clear need for solutions that lower costs while reducing the environmental and health damage caused by commercial real estate.”
This funding comes after 5x growth in 2022. The company says InfoGrid will use the money to improve the sustainability and automation of buildings for the health of employees and the planet.
The company has published several reports, such as the Air Quality and Health in the Workplace and a 2022 Energy Crisis Report.
Article Topics
energy management | ESG | Infogrid | IoT | smart buildings | smart city | SoftBank | venture capital
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