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Sustainable Living Innovations Announces Closing Of Fundraising Round

Sustainable Living Innovations Announces Closing Of Fundraising Round

03/22/22, 2:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgseattle
Today Sustainable Living Innovations (SLI) announced that it has closed its Accelerated Growth fundraising round with approximately $53 million of corporate equity raised from existing and new investors. The round closed January 7, 2022.

Company Info

Company
Sustainable Living Innovations
Location
seattle, washington, united states
Additional Info
Sustainable Living Innovations (SLI) is a building technology and product development company that is disrupting the world’s largest addressable market by reimagining how buildings are designed, built, and operated. The company is revolutionizing the built environment by producing technology-enabled finished buildings that exceed the world’s most stringent sustainability standards and also help solve the affordable housing crisis. SLI designs, develops, and manufactures complete technology-enabled buildings using proprietary, high-performance building panels complete with integrated mechanical, electrical, plumbing, fire safety and network systems infrastructure. SLI’s finished buildings are more sustainable, as well as faster to design and complete versus conventional buildings. The company employs more than 80 people with offices in Seattle and Denver and operates a showroom in Seattle and a manufacturing facility in Tacoma, Washington. 303 Battery The 15-story, 112-unit 303 Battery, located in downtown Seattle’s Belltown neighborhood, will be the world’s first multifamily tower to meet the stringent net zero energy requirements set by the International Living Future Institute’s Living Building Challenge program, the same organization that certified Seattle’s Bullitt Center. Features include solar panels on the building’s roof, exterior walls and balconies, greywater and waste heat recovery systems, ultra-efficient hydronic heating and cooling systems, regenerative elevator motors, distributed DC power systems, and SLI’s advanced network systems and data management platform to ensure optimal building operations. 303 Battery will be complete this fall and has been pre-sold to Equity Residential (NYSE: EQR). Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties located in urban and high-density suburban markets.