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Efficiency Startup Gets $157 Million to Cut Carbon in Buildings

  • Redaptive investors include real estate, energy giants
  • Customers get efficient cooling, lights without buying systems
Wall Street Comes To Hell's Kitchen With Ackman's Office Project
Photographer: Johannes Berg/Bloomberg

A startup that lets building owners cut their carbon footprint without buying expensive equipment has raised $156.5 million from backers including a major real estate services company and one of Europe’s largest utilities.

Redaptive Inc. has now raised more than $181 million to date. The latest funding round was led by CarVal Investors LP and also included existing investors CBRE Group Inc., Engie New Ventures, Evergy Ventures and Linse Capital.