Tech Company Financing Transactions
Runwise Funding Round
Runwise, based in New York, secured $19 million from Fifth Wall Ventures, Derive Ventures and Friedman Management.
Transaction Overview
Company Name
Announced On
11/3/2022
Transaction Type
Venture Equity
Amount
$19,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to expand operations for increased building efficiency and emissions reductions.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
256 West 36th Street 4th Fl
New York, NY 10018
USA
New York, NY 10018
USA
Phone
Website
Email Address
Overview
Runwise is the first end-to-end boiler and heating system management platform. The company combines a proprietary heat computer and sensor network, machine learning systems, and a team of trained boiler experts, to reduce fuel consumption by an average of 20-25% across over 2,000 buildings in New York City. Runwise's customers include some of the smallest owners, all the way up to the biggest, including The Related Companies, Lemle & Wolff, Bettina Equities, Winn Residential and the Lefrak Organization. Runwise's platform is the only end-to-end boiler monitoring and management system that saves owners money, increases tenant comfort, and radically lowers carbon output across New York City.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jeffrey Carleton
Co-Founder
Michael Cook
Co-Founder
Lee Hoffman
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