Investible Climate Tech has announced a $1.3 million investment in CIM, a leading building energy efficiency company, to support its international growth and innovative technology.
Target Company Overview
CIM (Continuous Intelligence Monitoring) is a frontrunner in building energy efficiency, known for its innovative PEAK analytics platform designed to optimize the performance of large buildings. Founded in 2011 by David Walsh, the company has established a robust foundation for growth by leveraging software and data science for enhanced energy management. CIM enables the integration of thousands of data points from various sources, including Building Management Systems, electricity feeds, and IoT sensors, requiring minimal hardware installation. This unique capability allows the company to optimize building operations and significantly reduce emissions.
The organization has garnered considerable attention in the energy efficiency landscape, securing a substantial $10 million in Series A funding. Recently, Investible Climate Tech led a secondary transaction with a $1.3 million investment to further propel CIM’s growth ventures.
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Industry Overview in Australia
In Australia, the buildings sector is a major contributor to greenhouse gas emissions, accounting for approximately 27% of total emissions. When including construction, the entire sector represents about 38% of emissions, highlighting a
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Investible Climate Tech
invested in
CIM
in 2022
in a Buyout deal
Disclosed details
Transaction Size: $1M
Equity Value: $10M