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Aquicore Secures a New Funding Round with the Participation of A/O PropTech

August 4, 2020

WASHINGTON, July XX, 2020— Aquicore, a leading platform digitizing real estate operations and optimizing buildings,

We’re thrilled to have Aquicore join 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.

Today announced it has secured $14 million in funding in a round lead 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enables leading commercial real estate portfolio and property teams to remotely monitor their facilities and transform outdated operations and maintenance routines into sophisticated resource-saving projects.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

“With a low barrier to adoption (costs, diversity of analytics features and workflow orchestration) Aquicore has already established itself as a leader in the US, and we look forward to accompanying them as they expand to the European market.” said Gregory DEWERPE, Founder at A/O PropTech

“ The timing couldn’t be better. With new regulatory initiatives coming in to force soon in Europe (RE2020 climate and energy package) to reduce carbon emissions, Aquicore is a perfect partner platform.” said Othmane ZRIKEM, CDO at A/O PropTech.

The financing builds on an exceptional year for Aquicore, which saw a rapid expansion in square footage, key board 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.

“We are beyond excited to reach this critical milestone for the consort. After building a leading solution in energy and facility analytics, we are excited to be expanding on those original offerings,” said Logan Soya, founder and CEO of Aquicore. “With the advancements in mobility, IoT, and AI/ML we see the opportunity to make digitization and smart building analytics easily accessible to the real estate industry and unlock a new era of smarter and more resilient buildings. Aquicore is excited to be partnering with industry leading real estate organizations to push forward the forefront of this space.
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