What is Audette?
Audette assists asset and portfolio managers in identifying, prioritizing, and planning value-accretive retrofit investments. The company leverages data analytics to uncover retrofit opportunities that drive net operating income (NOI) while minimizing the costs and delays associated with traditional audits. By providing insights into portfolio and asset-level analyses, Audette enables clients to make informed capital replacement decisions that yield superior risk-adjusted returns. Their platform is designed to help clients deploy retrofit capital effectively, ensuring that investments are directed towards opportunities with the highest potential for value creation, positioning them as a key player in the real estate technology landscape.
How much funding has Audette raised?
Audette has raised a total of $10.5M across 2 funding rounds:
Angel/Seed
$1M
Angel/Seed
$9.5M
Angel/Seed (2021): $1M with participation from Panache Ventures, Active Impact Investments, Powerhouse, Turnham Green Capital, and Undivided Ventures
Angel/Seed (2022): $9.5M led by Turnham Green Capital, Energy Impact Partners, Active Impact Investments, and Powerhouse Ventures
Key Investors in Audette
Turnham Green Capital
Turnham Green Capital is an investment firm that partners with entrepreneurs, focusing on the Environmental, Social, and Governance (ESG) space. They provide capital ranging from $200k to $5 million, seeking equity positions and various forms of debt or preferred equity to support growth ambitions.
Energy Impact Partners
Energy Impact Partners (EIP) is an investment firm dedicated to transforming the energy industry towards a decarbonized, decentralized, digitized, and electrified future, collaborating with innovators and major energy companies.
Active Impact Investments
Active Impact Investments is a Certified B Corp venture capital firm focused on supporting environmental sustainability through profitable investment, backing early-stage climate tech companies with significant growth potential.
What's next for Audette?
With the recent influx of major strategic investment, Audette is poised for accelerated growth and market penetration. The company's focus on optimizing capital deployment for retrofits aligns with increasing industry demand for sustainable and performance-driven real estate solutions. Future endeavors will likely involve expanding their data analytics capabilities, enhancing their platform's predictive modeling for NOI enhancement, and forging deeper partnerships within the asset and portfolio management sectors. This strategic financing is expected to fuel innovation and solidify Audette's position as a leader in proptech, driving efficiency and profitability for its clients.
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