San Francisco startup Redaptive snagged $20 million in venture capital funding in April 2018 from real estate services and investment firm CBRE Group, as well as ENGIE New Ventures and GXP Investments.
So what does it do? Redaptive helps make corporate clients' facilities more energy efficient, billing itself as a "leading provider of commercial Efficiency-as-a-Service."
"What makes our program unlike any other is that Redaptive makes the investment in your facilities, takes on all project execution and technology performance risk and covers maintenance costs, it says on its website. "Once we have designed and installed efficiency upgrades, you only pay for actual metered savings at a level that ensures you see immediate operating savings on day one."
It was cofounded in 2013 by Goldman Sachs veteran John Rhow, its co-CEO, and Ryan Martineau, SVP, Channel Sales.