Tech Company Financing Transactions
Parity Funding Round
Parity closed a $19 million Series B financing round on 6/11/2024. Backers included Idealist Capital and private investors.
Transaction Overview
Company Name
Announced On
6/11/2024
Transaction Type
Venture Equity
Amount
$19,000,000
Round
Series B
Investors
Idealist Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to focus on geographic expansion across the United States, as well as targeting new verticals, including senior and student housing, and to continue rolling out new products and services to further drive automated building efficiency and grid interactivity.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
462 Wellington St. W 201
Toronto ON, m5v 1e3
Canada
Toronto ON, m5v 1e3
Canada
Phone
Website
Email Address
Not Recorded
Overview
At Parity we install a 'brain' in a building to adapt its energy use to the demands of its residents. This has the potential to save thousands of tonnes of CO2 from entering our atmosphere each year. We use AI to optimize building operations and provide our customers with data on the state of their mechanical systems and energy use.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Brad Pilgrim
VP - Sales
Jon England
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