Parity Raises CA$8M in Funding
- Parity, a Toronto, Canada-based urban buildings sustainability company, raised CA$8M in funding
- Backers included Wyse, RET Ventures, and ArcTern Ventures
- The company intends to use the funds to scale its Canadian operations and expand the reach of its SaaS HVAC control technology throughout the United States
- The company helps make urban buildings sustainable by eliminating energy waste in multi-tenant buildings
- The company’s algorithm driven Energy Management Platform autonomously optimizes HVAC equipment performance and guarantees energy savings while maintaining comfort for building residents
- The tech platform leverages a capital-light, non-intrusive model that can be integrated into any property’s existing operating system
