London-based Metrikus totals €5.6 million funding as it grows its smart building software platform

Proptech company Metrikus has announced the completion of its Series A funding, bringing its total raised since its founding in 2019 to around €5.6 million.

Metrikus provides a smart-buildings software platform that gives owners and occupiers a secure, ‘single-pane-of-glass’ view of the operation and performance of their building, allowing managers to plug in any type of sensor and monitor everything from footfall and energy use, to indoor air quality.

This Series A round attracted institutional capital, as well as private investment vehicles. RentaMarkets, the Spanish independent financial services group acted as the underwriter for itself and several other private investment vehicles. One of the principals of an institutional investor , which is working with Metrikus to open up Japan and South Korea, is among the individual investors.

The network of investments channeled via RentaMarkets comes with strategic introductory agreements for new business opportunities across Europe. Metrikus also expects to use this new funding to drive team expansion and build business momentum in the US, southern Europe, India, Japan and Korea, in addition to expanding within its existing core geographies.

Gary Cottle, CEO of Metrikus said: “Metrikus has been able to double its funding in the past year despite, or perhaps partly because of, the impact that COVID-19 has had on the commercial property sector. In all market conditions, knowledge is power, and our software provides building owners and occupiers with the most powerful platform available for insight and analysis of how their buildings are being used.”

Emilio Botín O’Shea, President of RentaMarkets, said: “The future of real estate lies in outstanding customer service for occupiers, coupled with sustainability and accountability for investors. Metrikus is the market-leading solution for smart buildings technology that enables huge steps forward in achieving these goals. Using Metrikus gives companies unprecedented insight and control over their buildings and creates data that validates policies and decisions. The Metrikus solutions will complement RentaMarkets offer to its institutional clients, with structuring and arranging financing solutions to make buildings more energy efficient. We’re very excited to be part of the company’s growth at this early stage.”

Philippe d’Ornano, a lead Metrikus investor and President of Sisley, said: “The digital transformation that many firms have been undertaking across all aspects of their commercial activity is inevitably going to start taking place across the physical space they occupy. All stakeholders – management, owners, clients and employees – will increasingly demand healthier, safer, and more productive buildings. The Metrikus platform can deliver all of these benefits in a single, highly effective solution across all types of commercial estate – office, retail, industrial, logistic or any combination thereof”.