VICTORIA, BC—- Audette, a proptech business that develops data-driven decarbonization strategies for commercial real estate portfolios, has acquired USD 9.5 million in investment from a consortium of top cleantech investors.

The seed round, led by Chicago-based Buoyant Ventures and including Energy Impact Partners, Johnson Controls, Active Impact Investments, Osgoode Properties, Powerhouse Ventures, Turnham-Green Capital, and Undivided Ventures, will be used to launch Audette’s game-changing technology across 150 North American cities over the next 24 months.

Audette CEO and Founder Christopher Naismith:

“Closing an oversubscribed investment round with some of the most prominent investors in the proptech and cleantech industries reinforces the need for large-scale real-estate decarbonization, beginning with every commercial building in North America. Decarbonizing real estate is one of the most important financial reallocations in human history, with the zero-carbon transition estimated to produce USD 10 trillion in worldwide transactions.”

Allison Myers, Co-Founder and General Partner at Buoyant Ventures:

“Audette embodies the promise we see for data and tech to drive climate action. Energy audits and retrofit plans cost hundreds of billions of dollars each year, and Audette is directly decreasing those expenses on a per-building basis. More crucially, our system enables real-estate operators to immediately prioritize decarbonization and energy savings across their portfolios, allowing them to begin retrofitting sooner and with more efficiency. Buoyant is thrilled to be a part of such an incredible team working on such an important issue.”

According to Managing Partner Mike Winterfield:

The 2021 investment in Audette was made by Active Impact “because Christopher is an entrepreneur with hustle and accountability who accomplishes results. We’re excited to expand on our initial investment as Canada’s largest climate tech seed fund because Audette automates the net zero roadmap of a sector that accounts for 19% of global GHG emissions, has found product-market fit among an exciting customer base of real estate asset managers, and is ready to scale.

Audette’s software parses geospatial images on top of its large and ever-expanding sea of private and public data to identify every rooftop feature of a neighborhood’s building stock. It then uses models from a collection of thousands of digital twins spanning vintages, usage kinds, and HVAC topology to provide an interactive platform for carbon reduction at regional and building-specific sizes. These interactions at the building level retrain the platform’s AI models, which increases macro-scale accuracy and produces a flywheel effect.

Audette, who is based in Victoria, British Columbia, is on a quest to establish a carbon-transition strategy for every structure on the earth. Audette’s innovative data-driven technology accelerates emissions reduction and allows it to scale internationally by offering a viable way forward to decarbonization throughout the real estate market. The future is carbon-free, and Audette is already serving those demands.

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Kshitij does business research and content writing for VCBay. Pursuing BBA from Symbiosis Center Of Management Studies (SCMS) Pune, he is skilled in Financial Modeling, Stock valuation and Microsoft Excel. He is passionate about Entrepreneurship and Finance.

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