BuildingIQ Closes $9M Venture Funding

BuildingIQ, Inc., a San Mateo, CA- and Sydney, Australia-based building energy management software company, closed a $9m venture funding round.

Backers included Aster Capital, SFS VC, the Venture Capital unit of Siemens Financial Services, and Paladin Capital.

The company intends to use the capital to accelerate growth and execute energy efficiency projects for commercial buildings in North America and Australia.

Founded in 2009 and led by CEO Michael Zimmerman, BuildingIQ provides a cloud-based energy management platform that automates and optimizes HVAC operations in commercial buildings, providing property owners and operators. The company currently runs large-scale implementations and pilot programs with commercial enterprises, REITs, institutional owners, property management firms, and utilities across North America and Australia.

In conjunction with the investment, Todd Dauphinais, partner at Aster Capital, Ken Pentimonti, principal at Paladin Capital Group, and Gerd Goette, investment partner at Siemens Venture Capital, will join BuildingIQ’s Board of Directors.



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