What is Runwise?
Headquartered in New York, Runwise has evolved from a specialized heating system monitor into a holistic smart building management powerhouse. The company provides a sophisticated software-driven ecosystem that enables property owners and operators to gain granular visibility into building performance, energy consumption, and mechanical health. By digitizing the physical environment, Runwise addresses critical inefficiencies in the real estate sector, positioning itself as an essential partner for modern property management firms seeking to reduce operational costs and improve sustainability metrics. Its market position is bolstered by a deep understanding of the Built World ecosystem, allowing it to bridge the gap between legacy infrastructure and modern, data-driven operational standards.
How much funding has Runwise raised?
Runwise has raised a total of $85M across 3 funding rounds:
Unspecified
$11M
Series A
$19M
Series B
$55M
Unspecified (2021): $11M with participation from Initialized Capital, Susa Ventures, Notation Capital, and NextView Ventures
Series A (2022): $19M led by Fifth Wall
Series B (2025): $55M supported by Multiplier Capital, Munich Re, Fifth Wall, Menlo Ventures, Soma Capital, and Massachusetts Mutual Life Insurance
Key Investors in Runwise
Fifth Wall
Fifth Wall is the largest venture capital firm focused on technologies for the global real estate industry, connecting major property owners with innovative technology entrepreneurs.
Menlo Ventures
Menlo Ventures is a Menlo Park-based firm that invests in early and growth-stage technology companies across sectors such as enterprise software and infrastructure.
Multiplier Capital
Multiplier Capital is a growth debt platform specializing in providing secured loans and tailored financing solutions to rapidly growing, professionally-backed technology companies.
What's next for Runwise?
With the successful closure of its Series B round, Runwise is poised to scale its enterprise-level operations significantly. The strategic backing from a diverse group of institutional investors and industry-focused venture firms provides the necessary runway to expand its product roadmap and deepen its footprint in the commercial and multi-family real estate markets. Future initiatives will likely focus on enhancing predictive maintenance capabilities and integrating broader sustainability analytics, ensuring that the company remains at the forefront of the PropTech revolution. As the industry continues to prioritize energy efficiency and operational transparency, Runwise is strategically aligned to capture increasing demand for intelligent building management systems.
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