Energy management startup Parity Go Inc has raised $5 Million (CAD) in a Series A round led by ArcTern Ventures, the company announced in a press release.
What they do: The clean-tech startup optimizes existing HVAC equipment in multi-family properties to reduce the amount of electricity and gas consumed. Because they use existing mechanical equipment, there are no major capital investments required to replace equipment.
Primer: “Cleantech” refers to technology that increases performance and efficiency by minimizing negative effects on the environment. This includes technologies relating to recycling, renewable energy, and electric motors.