FA Company Spotlight: Enertiv
The average skyscraper wastes 30% of the energy it buys, and no one gets fired for it. In commercial real estate, opacity isn’t a bug, it’s the business model. And for a decade, Connell McGill has been quietly building the kill switch.
Enertiv didn’t start with carbon credit hype or ESG buzzwords. It started with data. Billions of hours of it. Collected from the underworld of CRE: chillers, boilers, submeters, motors, and ductwork most landlords never think about, until something breaks. Or the invoice lands.
Founded in 2011 at Babson College, McGill fused vision and voltage, a CEO with a gift for deal flow and capital strategy. Fast forward, and Enertiv’s not just running diagnostics, they’re rebuilding how the built world runs.
This isn’t software that lives in a dashboard graveyard. Enertiv’s platform wires into the soul of the building. Think ENERGY STAR-ready utility ingestion. AI-driven preventive maintenance. Real-time tenant billing that recovers seven figures per portfolio. Capital planning powered by digital twins. And Enertiv 360, a 3D data layer that turns buildings into breathing systems.
The results don’t whisper. They roar. Over 2,335 metric tons of CO₂ avoided. $100 million+ in recovered utility costs. An average 230% ROI with sub-one-year payback. When Colliers, Prologis, SL Green Realty Corp., Rudin, and Related Companies start wiring Enertiv into their portfolios, you’re not watching a trend, you’re watching the new operating system for CRE.
None of it’s accidental. Mark Smith joined as CFO in 2022, bringing three decades of finance discipline. Eldon Klaassen, founder of Cerium Investment Group, sits on the board with a signal: energy meets enterprise value here. With $13.25 million raised across rounds led by Fifth Wall, Rudin Ventures, Commonweal, and GroundBreak Ventures, this isn’t about raising, it’s about compounding.
While other proptechs chase point solutions, Enertiv is becoming the nerve center. Their integrations with MRI, Yardi, and Voltus prove it. No bolt-ons. No vaporware. Just velocity, delivered as a turnkey service from hardware install to software sync to ongoing optimization.
CRE is under siege from ESG mandates, margin pressure, and maintenance bloat. Enertiv’s not lobbying for change, they’re engineering it. And they’re hiring. If you want to work where data becomes action, and buildings become assets instead of liabilities, apply now. Build smarter. Move faster. Make it count.
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