Enertiv provides an operational intelligence platform for commercial real estate, aggregating asset- and equipment-level data to drive cost savings and ESG visibility across portfolios. The platform is deployed across more than 100 million square feet and has captured over 18 billion hours of asset and equipment data. Enertiv reports it has delivered $0.21 per square foot in savings, translating to nearly $500M in net asset value for the industry. The company plans to use new capital to accelerate development of a comprehensive ESG solution and to expand core software offerings including Maintenance, Tenant Billing, and Capital Planning. It also intends to enhance its AI algorithms to further automate insights related to asset-level optimization. Leadership is led by CEO Connell McGill and the company is NYC-based. Enertiv deploys IoT devices and analytics to continuously track equipment and tenant spaces and feed data into its Operations Performance System to reduce operating costs and maximize tenant comfort. Led by co-founder and CEO Connell McGill, the company captures detailed equipment telemetry and tenant data across commercial buildings. Its product suite includes Enertiv AI (asset intelligence), Enertiv ATB (automatic tenant billing), and the in-house Enertiv E2 IoT device that tracks 200–500 real-time equipment data streams per building. Enertiv’s technology has been implemented in large real estate portfolios, including Related Companies and Colliers International. The company closed a $4.25M funding round led by Fifth Wall Ventures, reflecting a recent infusion of capital for its operations and platform.

Total raised

$13M

Funding rounds

2

Latest round

Equity

Latest activity

May 2022