Runwise raises $55 million

Runwise , a software platform focused on building heat management, has recently completed its Series B and debt rounds, securing $55 million. This new funding brings the company’s total funding to $95.39 million.

The $30 million Series B round saw participation from investors including MassMutual Ventures and Munich Re. The debt financing was provided by Multiplier Capital.

Founded in 2010, Runwise develops hardware and software solutions designed to manage energy and water consumption in buildings. The company describes itself as a fast-paced, customer-focused climate-tech startup that controls and runs key energy systems, such as heating and water, in over 7,000 buildings throughout the United States.

Runwise maintains offices in New York and Boston. The company operates as a remote-first product/engineering company, a model they have followed since their inception. Based on LinkedIn data, Runwise has a team of 125 total employees, showing a 28% growth in the past year.