Tech Company Financing Transactions
Parity Funding Round
On 5/3/2019, Parity received $3.7 million in funding from ArcTern Ventures and private investors.
Transaction Overview
Company Name
Announced On
5/3/2019
Transaction Type
Venture Equity
Amount
$3,712,500
Round
Undisclosed
Investors
ArcTern Ventures (Lead Investor)
Proceeds Purpose
Parity plans to use the funding to further its presence in the US, expanding its operations to New York, Boston, Chicago, Philadelphia, and other urban North Eastern cities, which Pilgrim stated to have the most need for energy consumption solutions.
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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