Microshare receives $15 million in financing from Avenue Capital Sustainable Solutions Fund
Microshare provides Smart Building data solutions for some of the world’s largest companies with a dramatic double bottom line: cost savings and sustainability
PHILADELPHIA, Nov. 03, 2021 (GLOBE NEWSWIRE) — Microshare Inc., a leading provider of Smart Building data solutions to multinationals and public sector institutions, has closed $15 million in financing from the Avenue Sustainable Solutions Fund, L.P., Avenue Capital Group’s vehicle for supporting firms working to bring about a more sustainable world.
Microshare’s EverSmart suite of Smart Facilities solutions help global enterprises like GlaxoSmithKline, Aramark and Rent-A-Center reassure workforce, tenants and customers about the safety of indoor spaces while producing operational efficiencies as well as data insights that boost ESG (Environment | Social | Governance) performance.
“The Avenue Sustainable Solutions Fund investment represents a major vote of confidence in the transformational nature of our EverSmart solutions,” said Microshare CEO and Co-Founder Ron Rock. “As the pandemic hopefully subsides, our ability to create data where none existed before has never been more relevant as workers and tenants grappled with new concerns about indoor spaces, and companies rethink their real estate footprint and face new global expectations on climate and other ESG issues.”
“Microshare is a natural fit for our strategy,” said Sean Coleman, co-manager of the Avenue Sustainable Solutions Fund. “We are excited to back Microshare’s strategy to address growing corporate demand for improvements in building energy efficiency and water consumption, both of which are critical considerations for a sustainable future.”