Parity closed $19M Series B raise led by Idealist Capital to expand geographic presence and target new verticals.
Parity closed $19M Series B raise led by Idealist Capital to expand geographic presence and target new verticals.
06/11/24, 1:14 PM
Location
torontoMoney raised
$19 million
Industry
software
energy
Round Type
series b
Investors
Ret Ventures, Wyse Meter Solutions, Arc Tern Ventures, Idealist Capital
Parity, a remote platform for multifamily and hospitality HVAC management, closed a $19 million Series B raise led by Idealist Capital. The funding will enable the company to focus on geographic expansion across the United States and target new verticals, including senior and student housing.
Company Info
Location
toronto, ontario, canada
Additional Info
Parity is a remote HVAC Optimization as a Service company. Our software delivers guaranteed utility cost savings and revenue from grid services to multifamily residential buildings and hotels. We remotely control and optimize HVAC systems to deliver energy-efficient levels of heating, ventilation, and cooling 24/7/365. As energy efficiency and GHG emissions regulations tighten, Parity opens new, low-cost opportunities for compliance and access to incentive programs.