Parity Raises CA$8M in Funding

Parity Inc

Parity, a Toronto, Canada-based city constructions sustainability corporate, raised CA$8M in investment.

Backers integrated Wyse, RET Ventures, and ArcTern Ventures. 

The corporate intends to make use of the price range to scale its Canadian operations and amplify the succeed in of its SaaS HVAC regulate era all over america.

Led via CEO Brad Pilgrim, Parity is helping make city constructions sustainable via getting rid of power waste in multi-tenant constructions. The corporate’s set of rules pushed Power Control Platform autonomously optimizes HVAC apparatus efficiency and promises power financial savings whilst keeping up convenience for development citizens. The tech platform leverages a capital-light, non-intrusive type that may be built-in into any assets’s current running machine. As soon as attached, it optimizes HVAC apparatus efficiency and minimizes power waste, lowering capital funding prices and providing development control groups alternatives to take tangible steps in opposition to their ESG targets and objectives.

The platform used to be based in 2016, to start with focused on traits within the Canadian multifamily marketplace. After rising to 150 property national in Canada, Parity entered the U.S. marketplace in 2020 launching with over two dozen New York-based rental constructions in partnership with key trade leaders.



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