CIM, a Sydney, NSW, Australia-based property operations software solution that enables teams to work more collaboratively and accelerates the journey to net zero emissions, announced that it raised AU$10 million in Series A funding.
The round was led by Five V Capital alongside Carthona Capital and included seasoned property executives such as Mark Steinert, former CEO of Stockland.
The new capital will be used to expand CIM internationally into Asia and North America and build out the team, with a doubling of headcount expected in the next 12 months.
David Walsh, Founder, and CEO, said, “The built environment accounts for approximately 40% of all carbon emissions globally, and our goal is to help the sector reduce more than one gigatonne of emissions. I’m excited to initiate the next stage of our growth by expanding into Asia and North America and getting closer to our vision of positively impacting the daily lives of the two million facilities managers currently managing buildings globally.”
CIM recently won the Telstra Business Awards (NSW) for embracing innovation and the sustainability project of the year at the Analytics and AI Awards. It is also listed in the Australian Financial Review’s Fast 100 growth companies and the Financial Times Asia-Pacific High-Growth Companies.
Company: CIM Environmental Pty Ltd
Raised: $10.0M
Round: Series A
Funding Month: September 2022
Lead Investors: Five V Capital
Additional Investors: Carthona Capital
Company Website: https://www.cim.io/
Software Category: Property Operations Software solution
About the Company: CIM is a fast-growing Australian technology company that empowers property operation teams to work smarter—generating significant operational efficiencies, including improved financial performance, reduced climate impact, and superior customer experience. CIM creates innovative building analytics software that helps run large buildings at their peak performance. The award-winning PEAK platform integrates building intelligence, machine learning, and technical engineering support to improve efficiency, sustainability, and comfort across property portfolios. CIM’s customers include large real estate investment trusts, high-tech manufacturers, major cultural institutions, airports, and property management firms in Australia and Europe. Headquartered in Sydney, CIM also has established operations in Europe with landmark clients globally, including Charter Hall, Scentre Group, Lendlease, Dell, QIC, and The GPT Group. They are also partnering with CBRE, Australia’s largest property management company.
Source: https://www.cim.io/news/cim-raises-au-10-million