What is WegoWise?
WegoWise, now integrated under the Measurabl umbrella, provides a sophisticated web-based platform designed to streamline utility usage tracking for property managers and owners. The software enables users to benchmark energy and water consumption, identify specific cost-saving opportunities, and generate actionable insights across diverse real estate portfolios. By facilitating comparisons against similar building profiles, the platform empowers stakeholders to make informed decisions regarding sustainability and operational efficiency.
The company's market position is defined by its ability to process vast datasets, having tracked millions of utility bills to date. This analytical depth allows property managers, energy service providers, and financing partners to move beyond simple reporting, instead utilizing the platform to drive tangible reductions in utility expenses and improve the overall environmental performance of their assets.
How much funding has WegoWise raised?
WegoWise has raised a total of $4.9M across 2 funding rounds:
Series A
$1.9M
Series B
$3M
Series A (2012): $1.9M with participation from Boston Community Capital
Series B (2013): $3M led by Boston Community Capital.
Key Investors in WegoWise
Boston Community Capital
Boston Community Capital is a nonprofit community development financial institution that focuses on investing in projects that provide affordable housing and economic opportunities in under-served communities.
What's next for WegoWise?
With the support of its recent strategic financing, WegoWise is well-positioned to deepen its penetration into the enterprise real estate market. The focus moving forward will likely involve the integration of more advanced predictive analytics and the expansion of its service ecosystem to address the growing regulatory requirements for building emissions and sustainability reporting. By leveraging its established track record, the company aims to further bridge the gap between utility data and financial performance, ensuring that property owners can maximize asset value while meeting increasingly stringent energy efficiency standards.
See full WegoWise company page
