Kode Labs Raises $30M in Funding for Expansion and Market Share

Kode Labs' Series B Funding

Key Highlights:

• Series B Funding: Kode Labs, an autonomous smart building startup, raised $30 million in Series B funding.
• Investors: Maverix Private Equity led the round, with participation from TELUS Ventures and existing investor I Squared Capital.
• Expansion and Market Share: The funding will be used to accelerate Kode Labs' expansion and increase its market share.

Kode Labs' Target Market

• Real Estate Management: Property management companies and real estate developers looking to optimize building performance and enhance tenant experience.
• Commercial and Residential Buildings: Owners and operators of commercial and residential buildings seeking smart building solutions to improve energy efficiency and reduce costs.
• Global Corporations and REITs: Partnerships with global corporations and real estate investment trusts (REITs) across various industries and verticals.

What Kode Labs Needs to Buy

• Technology and IoT Solutions: Collaborations with technology providers and IoT companies to enhance their smart building platform.
• Partnerships with Real Estate Companies: Building relationships with real estate companies and property management firms to expand their customer base.
• Marketing and Sales Support: Services to support marketing efforts and sales activities, including lead generation and customer acquisition.