Aquicore, a Washington, DC-based platform for digitizing real estate operations and optimizing buildings, secured $14m in funding.
The round was led by Keyframe Capital Partners with additional participation by A/O Proptech and The Westly Group. This newest round of funding adds to previous investments from Navitas Capital and FifthWall and brings Aquicore’s total capital raised to $33m. In conjunction with the funding, Benjamin Birnbaum, partner at Keyframe Capital, joined the Aquicore Board of Directors.
The company intends to use the funds to continue advancing its cloud-based platform and expand into the European market.
Led by Logan Soya, founder and CEO, Aquicore is a smart building platform that enables commercial real estate portfolio and property teams to remotely monitor their energy and facilities and transform outdated operations and maintenance routines into sophisticated resource-saving projects. The system intelligently links on-site action with financial, energy and operational outcomes, helping executives and property teams know how buildings are performing, where to invest resources, coordinate project execution across a portfolio and measure the impacts of digital solutions across a portfolio. The platform is currently deployed with commercial real estate leaders at more than 1,000 commercial buildings nationwide, optimizing more than 275 million square feet of real estate.