Worcester building efficiency startup raises $2.3M for expansion
Photo | Grant Welker
Embue is headquartered in Worcester's Printers Building
Embue, a Worcester-based startup that works with property owners to make buildings more energy and operationally efficient, raised $2.3 million in seed money.
The company will use the money to expand its hybrid workforce, CEO Robert Cooper told WBJ on Wednesday.
Embue is a technology company providing property owners whole building intelligence, monitoring, automation and control solutions for their property portfolios, creating greater energy efficiency and lower carbon emissions.
The company works with installers to get sensors and controls into buildings, and Embue uses its software to analyze data and improve the efficiency of buildings and reduce their carbon footprint Embue as well as improve the comfort and health of residents.
“Our sweet spot is senior and affordable housing,” said Cooper.
While the company has not had any major projects in Worcester County yet, it has projects in Greater Boston, Middlesex County, and Springfield.
“Winn has begun deploying Embue in several of our buildings and has seen a significant reduction in carbon emissions and improved energy savings,” Darien Crimmin, vice president of energy and sustainability at Boston real estate giant WinnDevelopment, said in a Wednesday press release. “Embue provides the whole building intelligence, monitoring and control we need to manage our buildings holistically, ensuring they are operating at peak efficiency from an emissions and energy standpoint and making them easier to manage while improving resident comfort.”
Cooper hopes the company can partner with developers in Worcester, where there are numerous residential projects in the pipeline.
Embue is headquartered in the Printers Building at 44 Portland St. in Worcester. The $2.3-million round of funding was led by Atlanta venture capital firm, Shadow Ventures with participation from Denver investment firm, Avesta Fund, and Canadian firm Leder Investments among others.
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