Green Buildings Software Startup, Retroficiency, Closes $800,000 Seed Financing
March 09, 2011 at 10:45 AM EST
A Boston startup that makes energy auditing software for the commercial buildings industry, Retroficiency, raised $800,000 in a seed round led by energy management services firm World Energy Solutions ( NASDAQ: XWES ), and joined by a number of angel investors including Jean Hammond and Jill Preotle (both early investors in ZipCar ) the companies announced today. Facility managers, auditors or engineers who need to improve the energy efficiency of an aging building input whatever basic information they know about that building into Retroficiency's system. The software uses the available details, and a comprehensive set of data about tens of thousands of other buildings with similar traits, then uses predictive analytics to generate an energy model for that building...