Optimum Energy, a US-based company which increases energy efficiency in buildings, has completed a $12.2 million financing round led by a new investor, venture capital firm Navitas Capital (backed by a venture capital advisory relationship with industrial technology company Johnson Controls). The round includes existing investor Columbia Pacific Capital Management.
The financing round will accelerate Optimum Energy’s strategic focus on augmenting its next-generation energy optimization solution.
James Pettit, Navitas’ managing partner, said: “We believe that Optimum is the clear market leader in providing optimization solutions for smart buildings, leveraging a scalable software design, a deep knowledge base in building systems and strong strategic partners, including Johnson Controls.”
John Murphy, vice president of Johnson Controls Building Efficiency, said: “We have partnered with Optimum Energy to foster innovation in building optimization technology.”