Runwise, a New York-based building control solutions provider, raised $19M in Series A funding.
The round was led by Fifth Wall with participation from Rudin Management, SOJA Ventures, Friedman Management, MCJ Collective, Derive Ventures, Helium-3, Silence VC, The Cannon Project, Waterman Ventures, Initialized Capital, Notation Capital, Susa Ventures and NextView Ventures. This round brings the total equity funding to $24 million.
The company intends to use the funds to expand operations for increased building efficiency and emissions reductions.
Led by CEO Jeff Carleton, and President Lee Hoffman, Runwise is a building control services provider whose mission is to enable buildings to run efficiently using wireless hardware and software. Today, Runwise technology is installed in over 4,000 buildings with almost 400 customers – including many of the largest building owners and operators, such as Related, Blackstone, Lefrak, Equity Residential, Fairstead, and Douglas Elliman.
FinSMEs
03/11/2022