Boston: This company creates data collection and management software for professionals conducting commercial and industrial building assessments for the purpose of inventorying, maintaining, and identifying energy savings opportunities.
The company has developed a software application that can run on a Windows‐based touch‐screen tablet PC, laptop, or desktop; and a separate web application, comparable to Salesforce.com. The software solution opens up the $400B retrofit market opportunity in the U.S. alone. They created a platform to collect, manage, and connect building data ‐ eliminating every unnecessary manual task and reducing the opportunity for human error involved. The company is positioned to be the central hub for building data to flow through so that we become a one‐stop shop in the identification and implementation of energy conservation measures.
The software cuts the time and cost of conducting building assessments up to 30% and allows for less costly, less experienced individuals to collect data, saving companies thousands of dollars. To date, the company has been paying customers (including utilities), in contract negotiations with a top 10 global Energy Service Company (ESCO) representing a pipeline of $1mm in revenue, and have raised $405k from family & friends.
They are seeking $2,250,000 in investment to come out with multiple products beyond the core product. They are also be looking to hire key sales personnel to execute on our go-to-market strategy. Hiring 2-4 developers will also allow us to be compatible on the iPad, a huge element that will increase user base and allow us to monetize on data opportunity.
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