Victoria cleantech startup Audette has raised a $1 million seed round led by Active Impact Investments, with participation from Powerhouse Ventures, Panache Ventures, and Turnham Green.
Audette’s software digitizes the outdated process of assessing conservation potential in buildings.
The end-to-end platform captures data to identify and assess opportunities for low-carbon building improvements and helps building owners source financing and incentives that reduce the cost of retrofit projects by up to 90%.
The capital injection will help Audette scale its technology and operations to serve more property portfolios leading the carbon revolution.
Earlier this year Audette has selected for the inaugural Google Cloud Accelerator Canada program.
“With the impacts of climate change growing more apparent, the need for low-carbon planning has never been greater,” says Christopher Naismith, CEO and founder of Audette. “Retrofitting the built environment represents an enormous opportunity for rapid decarbonization, and Audette is helping asset managers realize these ambitions.”
Since launching its core product last year, Audette has partnered with enterprise clients representing more than $120 billion in assets across Canada.
Over the next 12 months, Audette plans to work with its early customers to scale operations across B.C., Ontario, New York, and California. Audette will also launch the first version of its financing marketplace, giving users streamlined access to capital to fuel their carbon transitions.
Audette has recently grown into an eight-person and is hiring.