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Venture Capital News: Gridium Bags $14M Funding

2023-02-25
MENLO PARK, CA, Gridium, a decarbonization partner to leading real estate firms, announced total funding of over $14M.
Gridium, a decarbonization partner to leading real estate firms, announced total funding of over $14M from investors who see the potential to decarbonize commercial buildings. Lead investor Navitas Capital joined other luminaries from the commercial real estate space-Lincoln Property Company and Tim Naughton, current Chairman and former CEO of AvalonBay-in providing additional equity funding following a year of record revenues across Gridium's software and decarbonization project financing offerings.

Gridium also entered into a revolving debt financing facility sized at $10M with Mitsubishi HC Capital America, Inc.
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