Ecomedes, Pioneer of Cutting-Edge Sustainable Building Product Platform, Receives $1.5 Million Seed Funding From Saint-Gobain Nova External Ventures and Pivotnorth Capital
Ecomedes announced that it raised seed financing from new investor Saint-Gobain NOVA and existing investor PivotNorth. The funding will be used to build SaaS collaboration and optimization tools for modern commercial building product selection.
Ecomedes is a breakthrough vertical SaaS platform saving time and money for manufacturers, designers, builders, and building owners. According to Environment + Energy Leader the green building materials market worldwide is expected to grow by $187 billion from 2020-27, an 8.6 percent CAGR. Ecomedes delivers a cross-company system of record for product certifications, requirements, compliance, lifetime energy simulation, and price-performance analysis. Ecomedes replaces preconceptions about unjustified cost premiums with ML-driven intelligence, fueling a new generation of building products and building professionals.
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Ryan Poole, global sustainability leader at DPR Construction, an ecomedes customer, says, “Ecomedes has been an excellent tool for our teams, helping increase collaboration and efficiency in locating responsible products with back-up documentation at our fingertips. We now have more efficient analytical capabilities to help guide our clients and design partners towards achieving the project’s sustainability goals.”
NOVA is the venture arm of Saint-Gobain, one of the world’s largest building materials companies and manufacturer of innovative material solutions. “At NOVA, we seek forward-thinking startups whose philosophies align with Saint-Gobain’s focus on well-being and sustainability” said Minas Apelian, Vice President of Internal and External Venturing. “Ecomedes has built a sophisticated, flexible platform to usher in a new era of efficient building product management, digitization, and wider use of sustainable building materials. This market needs ecomedes.”
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Tim Connors, Managing Partner of PivotNorth Capital, is a leading seed investor on the 2020 Midas List. “I look for teams with depth of knowledge and grit who can break through industry barriers with significant ROI, while benefiting society,” said Tim Connors. “The team at ecomedes has extensive understanding of SaaS, the building industry, and the buyer-seller mechanisms that shape commercial building product market behavior”.
“Tim has been an invaluable member of our team from the beginning and we are stoked to add the Saint-Gobain family. Saint-Gobain’s brands are the future of building product innovation” according to Kathleen Egan, ecomedes CEO and co-founder. “Driven by ESG investing and the voice of a new generation, the $1 trillion commercial building product market is changing rapidly. Current processes just can’t keep up, much less optimize the choices that will impact profit, planet, and people for decades. Ecomedes solves this with an aggregated single version of the truth, e-commerce efficiency, and digital collaboration tools that save time and remove the friction for sustainable buildings.”