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Runwise raised $55M in Series B funding led by Menlo Ventures to support product innovation, team expansion, and market entry.

Jun 09, 20252 months ago

Amount Raised

$55 Million

Round Type

series b

New YorkInformation Technology

Investors

Fifth WallCooleyHelium 3Alumni VenturesSoma CapitalMunich Re VenturesMultiplier CapitalNuveen Real EstateMass Mutual VenturesMenlo Ventures

Description

Runwise, a NYC-based smart operating system company for buildings, raised $55M in Series B funding. The round was led by Menlo Ventures with a diverse group of investors participating. The funds will be used for product innovation, team expansion, and entering new core markets. The company has saved customers over $100M in energy costs to date.

Company Information

Company

Runwise

Location

816 6th Avenue

New York, New York, United States

About

Runwise provides a vertically integrated platform that combines proprietary wireless technology and hardware, with cloud-based software to automate building operations with rapid deployment and payback in under five months. It has saved customers over $100M in energy costs to-date.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech