Fintech FinTech Funding News

$6.5 Million Seed Funding Raised for ESD Proptech Innovation

$6.5 Million Seed Funding Raised for ESD Proptech Innovation

cohesion, a spin-off venture of ESD, raised $6.5 million in seed funding to support their award-winning SaaS intelligent building platform, based on technology originally conceived and built at ESD.

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The cohesion intelligent building app is the first award-winning proptech SaaS to integrate siloed building systems with tenant experience. It provides building developers, owners and operators with useful tenant occupancy data, which can inform staffing needs and equipment schedules, enabling all stakeholders to optimize their investment and provide increased value to occupants through meaningful integration of building systems.

“Cohesion started through questions about the personal experience within commercial buildings. I was able to control many of the systems and appliances at home through apps on my phone – yet I couldn’t do this at the office,” said Kurt Karnatz, president, ESD. “Commercial products and systems offered proprietary software and sensors designed for specific functions. We saw opportunity to connect these disparate products to create a holistic, 360-degree view to further drive commercial real estate value.”

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ESD’s leadership commitment to innovation fostered development of the intelligent building SaaS platform in partnership with developers, building owners and building operators that eventually evolved into cohesion.

“Combining the expertise from our mechanical, electrical and plumbing engineers and the expertise of infrastructure communication technology, building automation systems and commissioning team members enabled ESD to approach the early iterations of this platform from a diverse perspective,” said Zac House, CEO, ESD. “As our clients became engaged, they offered a lot of insight about what is valuable to them – allowing our cross-functional team of engineers and technologists to further develop the platform while engaging entrepreneurially-minded people from our corporate functions to engage in growing this innovative proptech for our clients.”

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