Embue, a Worcester, MA-based provider of a building intelligence, monitoring, automation and control solution for multifamily apartment building portfolios, raised $2.3M in Seed funding.
The round was led by Shadow Ventures, with participation from Avesta Fund, Leder Investments, Julie Raymond, and Robert Sheppard.
The company intends to use the funds to accelerate platform development, partner recruitment and enablement, and sales to large apartment building portfolios.
Led by CEO Robert Cooper, Embue offers a building intelligence, automation and control solution for multifamily apartment building portfolios that gives owners and managers visibility and control of every apartment, common space and piece of equipment in the building. The company provides insight and control of the entire property, monitoring for resident discomfort and harmful conditions, like water leaks and high humidity, and makes the property more efficient to manage through a dashboard that provides control, automation and insight property-wide. Embue is installed or under contract in over 6,000 units at major national portfolios, with a growing footprint in ten states.
FinSMEs
10/11/2022