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Based in New York, New York, Enertiv provides operational intelligence and automated utility data management solutions for the commercial real estate sector. The company utilizes circuit-level sensors and Internet of Things technology to facilitate predictive maintenance, energy benchmarking, and indoor air quality monitoring, which reduces average operating expenses by 10 to 15 percent. Operating on a subscription-based model with multi-year contracts, the platform serves industrial, retail, multifamily, and office property owners, including major clients like Related Companies and Colliers International. Enertiv has raised $9 million in total funding, including a 2022 seed round co-led by Commonweal Ventures and GroundBreak Ventures, alongside previous backing from Fifth Wall. The enterprise software provider currently maintains a post-money valuation of approximately $27.9 million after completing eleven deal transactions. Enertiv was founded in 2009 by Connell McGill and Pavel Khodorkovskiy.
Enertiv has raised $14.0M across 3 funding rounds.
Enertiv has raised $14.0M in total across 3 funding rounds.
Enertiv has raised $14.0M across 3 funding rounds. Most recently, it raised $9.0M Series A in May 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2022 | $9M Series A | — | Commonweal Ventures, ONE WAY Ventures, Wilshire Lane Capital, Naveen Selvadurai | Announced |
| Jan 1, 2018 | $4M Seed | — | Wilshire Lane Capital | Announced |
| Aug 1, 2014 | $1M Seed | — | — | Announced |
Enertiv has raised $14.0M in total across 3 funding rounds.
Enertiv's investors include Commonweal Ventures, One Way Ventures, Wilshire Lane Capital, Naveen Selvadurai.
Enertiv is a SaaS platform providing operational intelligence for commercial real estate, focusing on utility data collection, ESG reporting, expense control, workflow digitization, and asset optimization to boost net operating income (NOI).[1][2][3][4] It serves asset managers, property managers, engineers, sustainability teams, landlords, and tenants, addressing challenges like incomplete data coverage, manual processes, and decarbonization by automating reporting for standards like Energy Star, GRESB, SFDR, CSRD, and TCFD while enabling services such as demand response and energy procurement.[1][2][6] Deployed across over 100 million square feet by major owners like Starwood Capital, Prologis, Panattoni, Related, AvalonBay, and Brandywine Realty Trust, Enertiv delivers savings of 21-34 cents per square foot in operating and capital expenses, with strong growth evidenced by $27.8M in total funding, including a recent $9M round.[1][4][5]
Founded around 2009-2011 in New York City, Enertiv began with hardware innovation: developing affordable sensors for equipment-level energy tracking to enable pilot projects across property types.[1][3][5] CEO and Founder Connell McGill led the effort, evolving from energy data focus to a comprehensive platform as clients revealed broader operational pain points like preventive maintenance, utility billing, equipment health, and CAPEX planning.[1][3] Early traction came from on-site work tagging equipment, installing meters, and integrating building systems, building deep expertise that transitioned the company beyond hardware to a proactive, software-driven model responsible for effective implementation.[3]
Enertiv rides the commercial real estate decarbonization wave, fueled by regulatory mandates (e.g., CSRD, TCFD) and investor demands for ESG transparency amid climate goals, where incomplete tenant-controlled data has been a key barrier.[1][2] Its timing aligns with AI advancements in building ops and the shift to data-driven asset management, enabling portfolios to turn utility insights into revenue (demand response) and cost reductions (procurement, solar) while influencing the ecosystem through partnerships like Voltus for virtual power plants.[1][6] By powering top global owners across industrial, office, and multi-family assets, Enertiv accelerates industry-wide adoption of proptech for NOI growth and sustainability, setting standards for operational intelligence in a market projected to prioritize net-zero transitions.[2][4]
Enertiv is poised to expand its platform dominance as AI refines predictive maintenance and decarbonization roadmaps, potentially capturing more revenue from emerging services like scaled solar and demand response in a tightening regulatory environment.[1][2] Trends like portfolio-wide AI optimization and hardware-software hybrids will shape its path, evolving influence from data provider to full-stack real estate operations partner for the world's largest owners. This positions Enertiv to sustain high growth, transforming building data into enduring asset value as in its origins.[3][4]
