What is Runwise?
Headquartered in New York, Runwise has evolved from its origins as Heat Watch into a comprehensive building operations platform. The company specializes in the deployment of IoT-enabled solutions that monitor and control essential building systems, including heating, water, and energy consumption. By providing real-time visibility and automated control, Runwise enables property managers to reduce operational costs, improve tenant comfort, and meet increasingly stringent sustainability mandates. Its platform serves as a central nervous system for large-scale residential and commercial properties, effectively bridging the gap between legacy infrastructure and modern digital efficiency.
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 NextView Ventures, Initialized Capital, Susa Ventures, and Notation Capital
Series A (2022): $19M led by Fifth Wall
Series B (2025): $55M supported by Massachusetts Mutual Life Insurance, Soma Capital, Menlo Ventures, Multiplier Capital, Munich Re, and Fifth Wall
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 entrepreneurs.
Massachusetts Mutual Life Insurance
MassMutual Ventures is a venture capital investment firm that primarily invests in cybersecurity, healthtech, and enterprise SaaS.
Soma Capital
Soma Capital focuses on building deep relationships with exceptional individuals who are driving progress in humanity through innovative startups.
What's next for Runwise?
With this latest round of financing, Runwise is well-positioned to accelerate its expansion into new geographic markets and deepen its product capabilities. The company is expected to leverage this capital to enhance its predictive maintenance algorithms and broaden its integration ecosystem with other proptech solutions. As the demand for energy-efficient and automated building management continues to rise, Runwise is poised to scale its operations, focusing on long-term value creation for its institutional clients and property owners. The strategic backing from industry-leading firms provides not only the necessary liquidity for growth but also access to a vast network of real estate partners, facilitating rapid adoption of its core technology.
See full Runwise company page
