The funding round led by Kiddar Capital will strengthen Aquicore’s innovative approach to energy management
WASHINGTON, D.C. (June 8, 2016) – Today Aquicore, a leader in real-time data collection and analytics for commercial real-estate, secured $5 million in Series A funding led by Kiddar Capital, a forerunner in smart city venture capital, with Navitas Capital, a Silicon Valley-based venture capital firm focused on real estate, and intelligent building solutions. Founded by Logan Soya, Aquicore offers owners and operators of commercial portfolios a powerful and flexible platform to deploy, collect and analyze real-time electricity, water and gas data with unprecedented ease. “With this new round of funding we will bring even more ambitious innovations to market, strengthening our vision to connect the physical and global environments to our digital one more seamlessly than ever before imagined.”
“We are excited and proud to gain support from both Kiddar Capital and Navitas Capital. Kiddar Capital is an influential member of the real estate and construction industry and Navitas is a seasoned investor in this space – the perfect springboard for Aquicore to expand in an impactful and deliberate way for our current and future customers,” said Logan Soya, Aquicore’s Founder and CEO.
Founded in 2013, Aquicore’s client portfolio includes industry leaders such as Vornado, Under Armour, and Lincoln Property Company. Building owners, managers, engineers and sustainability teams rely on Aquicore’s scalable cloud-based platform and robust data visualization for the intelligence they need to operate more efficiently and effectively.
Kiddar Capital, founded by construction and real estate veteran Todd Hitt, is committed to helping Aquicore realize explosive sales growth. “Logan Soya and Aquicore exemplify Kiddar’s dedication to strategic investments in leaders in the sphere of technology and real estate,” says Cheryl Foil, Kiddar’s Principal of Technology and Venture investments. “We were introduced through 1776 and have been impressed with their momentum since day one.”
In addition to the funding release, Aquicore announced that James Pettit, Managing Partner at Navitas Capital, joined its Board of Directors. “Aquicore is filling an important, unmet need in today’s real estate world by delivering data-driven solutions that unlock significant value for stakeholders,” said Pettit. “It is poised for exceptional growth, and I am personally excited to join the Board of Directors.”
Several industry-recognized funds and angels also contributed to the round, including 1776, Acceleprise.vc and CAH Capital.
Aquicore offers comprehensive energy analytics and automation solutions for commercial real estate, with a vision for better building economics and sustainable portfolios. An emerging leader for uniting the connected environment, Aquicore delivers an integrated, full-stack building portfolio solution that enables rapid deployment, flexibility and scalability to fit the needs of each customer. Founded in 2013 by Logan Soya, Aquicore technology is now deployed in over 500 buildings across the United States. For more information, visit www.aquicore.com.
About Kiddar Capital
Kiddar Capital, founded by construction and real estate industry veteran Todd Hitt, is a private equity firm that originates, structures, and manages strategic equity investments across a variety of business disciplines. Based in the DC metro region, Kiddar’s core investments span all real estate sectors as well as technology and innovation focused on strategic equity investments in the intersection of real estate and smart technologies. For more information, visit www.kiddar.com.
About Navitas Capital
Navitas Capital is a venture capital firm dedicated to technology and innovation applied to the physical world of real estate, buildings, cities, and infrastructure. Over the last eight years, Navitas has invested in a spectrum of “Best in Class” startups that make the built environment more energy and asset efficient, as well as more productive, intelligent, and comfortable. Navitas’ primary investment themes are focused on energy management, construction tech, enterprise software and the Internet of Things. For more information, visit www.navitascap.com.