We’re thrilled to have Aquicore joining the A/O PropTech family. With Aquicore, we intensify our journey towards a smarter and greener built world, with technology being the enabler for landlords and tenants.
Aquicore secures today $14 million in funding in a round led by Keyframe Capital with additional participation by A/O PropTech, and Westly Group.
This latest round of funding adds to previous investments by Aquicore’s bench of PropTech investors, which also includes Navitas Capital and FifthWall, bringing Aquicore’s total capital raised to $33M.
Aquicore is a smart building platform that enables leading commercial real estate portfolio and property teams to remotely monitor their facilities and transform outdated operations and maintenance routines into sophisticated resource-saving projects.
The only industry player built from the ground up as a portfolio-wide solution, Aquicore intelligently links on-site actions and behavior to 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 Aquicore platform is currently deployed at more than 1000 commercial buildings nationwide, optimizing more than 275 million square feet of real estate.
The financing builds on an exceptional year for Aquicore, which saw a rapid expansion in square footage, keyboard appointments, an acquisition, and market momentum in the energy and smart building analytics space.
Aquicore will use the latest funding round to evolve its cloud-based platform capabilities, which equips portfolio and property teams with the tools they need to make data-driven operational decisions that improve the profitability and resiliency of their assets.
The world can’t access the economic (or emissions) opportunities of efficient buildings without deep penetration of analytics on building performance.
We have all known the opportunity is there for a decade, but without the data to baseline, substantiate capital allocation, and change operating behavior, building system efficiency/retrofits is all talk and no action.
We look forward to seeing what this investment can mean for accelerating growth and value created for Aquicore’s customers.
In 2020 and beyond, Aquicore will leverage the latest funding to imagine new ways by which digital building operations can more deeply connect the people of real estate with the built environment.