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3 Latest Announced Rounds

  • $10,500,000
    Unknown

    3 Investors

    HVAC and Refrigeration Equipment Manufacturing
    Nov 5th, 2024
  • $4,000,000
    Series A
    Financial Services
    Nov 5th, 2024
  • $9,500,000
    Seed
    Software Development
    Nov 5th, 2024
$1,416.01M Raised in 71 Funding Rounds in the past 7 Days - View All

Funding Round Profile

Parity, Inc.

start up
Canada - Toronto, Ontario
  • 12/06/2024
  • Series B
  • $19,000,000

Parity is a remote HVAC Optimization as a Service company. Our software delivers guaranteed utility cost savings and revenue from grid services to multifamily residential buildings and hotels. We remotely control and optimize HVAC systems to deliver energy-efficient levels of heating, ventilation, and cooling 24/7/365. As energy efficiency and GHG emissions regulations tighten, Parity opens new, low-cost opportunities for compliance and access to incentive programs.

Parity is currently trusted by 200+ multifamily buildings and hotels (65M SQFT) in Toronto, NYC, Boston, and D.C. On average, Parity saves building owners $50,000 in energy costs. Parity investors include Idealist Capital, ArcTern Ventures, Wyse Meter Solutions Inc. (Wyse), and RET Ventures. Parity has received various awards, including Wood and Mac - Companies to Watch (2019), Globe and Mail - Top Growing Companies 3 years in a row (2020-2022) The company was recently recognized as the first service provider to be awarded the designation of LEADER by the NYC Accelerator (2023).


Related People

Brad PilgrimCo Founder

Brad Pilgrim Canada - Toronto, Ontario

Experienced entrepreneur with a demonstrated history of working in the clean energy industry With a strong focus in Sales, Team Building, Operations Management, Start-ups, Strategy.