What is Runwise?
Runwise, originally founded as Heat Watch in 2010 and rebranded in 2021, is a New York-based technology firm dedicated to enhancing smart building management. The company has evolved its mission beyond just heating systems to encompass the comprehensive optimization of all building operations. This strategic pivot and expansion are reflected in its increasing market presence and the substantial backing it has received from the investment community.
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, Susa Ventures, Notation Capital, and Initialized Capital
Series A (2022): $19M led by Fifth Wall
Series B (2025): $55M supported by Munich Re, Fifth Wall, Massachusetts Mutual Life Insurance, Soma Capital, Menlo Ventures, and Multiplier Capital
Key Investors in Runwise
Fifth Wall
Fifth Wall is the largest venture capital firm focused on technologies for the global real estate industry (property technology or "proptech"). With $1 billion capital under management across three funds, Fifth Wall connects the world's largest owners and operators of real estate with the technology entrepreneurs who are redefining the future of the physical environment.
Susa Ventures
Susa Ventures is an early-stage venture capital firm that invests in seed-stage startups, aiming to help build the next billion-dollar companies. Since its inception in 2013, the firm has partnered with over 100 startups, with 10% achieving unicorn status.
Munich Re
Munich Re is a global leader in reinsurance, primary insurance, and risk solutions, offering coverage for a wide range of traditional and extraordinary risks. Through its reinsurance, ERGO, and investment segments, the company provides innovative, tailor-made financial protection to businesses, institutions, and individuals worldwide.
What's next for Runwise?
With its latest round of financing, Runwise is poised for accelerated growth and further development of its smart building management platform. The substantial capital injection, particularly the recent strategic investment, suggests a focus on scaling operations, expanding market reach, and potentially enhancing its technological capabilities. Investors are likely betting on Runwise's ability to capture a larger share of the proptech market by offering integrated solutions for building efficiency and operational intelligence.
See full Runwise company page
