KODE Labs Closes $30 Million in Series B
KODE Labs, a Detroit, MI-based autonomous smart building startup, has closed $30 million in Series B funding.
KODE Labs, a Detroit, MI-based autonomous smart building startup, has closed $30 million in Series B funding.
Investors
The round was spearheaded by Maverix Private Equity. Notable participation came from esteemed partners such as TELUS Ventures and existing investor I Squared Capital.
Maverix Private Equity is a private equity firm focused on technology-enabled growth and disruption. Based in Toronto, Canada, the firm prefers to make investments in the healthcare, wellness, financial services, transportation, logistics, and retail sectors.
KODE Labs Use of Funds
The company will use the funds to scale its operations, innovate its technology, and expand its global footprint. KODE Labs plans to enhance its AI development to innovate building operations and experiences. Additionally, it intends to accelerate its expansion and market share, building upon partnerships established with renowned companies across North America, Europe, and Australia.
About KODE Labs
Founded in October 2017 by Edi Demaj, Etrit Demaj, and Gentrit Gojani, KODE Labs specializes in transforming real estate management and experience through its innovative, data-centric operating system, KODE OS. It leverages a software-as-a-service (SaaS) model to optimize building performance, integrating data from building management systems, IoT, and operational systems into a unified, cloud-based solution. Its technology has demonstrated significant outcomes, including reducing energy consumption and carbon emissions by up to 30%.
Funding Details
Company: KODE Labs, INC
Raised: $30.0M
Round: Series B
Funding Month: April 2024
Lead Investors: Maverix Private Equity
Additional Investors: TELUS Ventures, I Squared Capital
Company Website: https://kodelabs.com/
Software Category: Autonomous Building Software
