Goby, a provider of sustainability-focused building management software, will be expanding its Chicago team to over 50 members in the upcoming year.
This planned expansion comes in the wake of a $5 million funding round announced last week. That round was led by Toronto’s Greensoil Building Innovation Fund (GBIF) and joined by Second Century Ventures. The deal is structured in two parts, with Goby receiving $4 million at close and the remainder at the beginning of next year.
“As you would expect, this should expedite a lot of stuff on our roadmap. We have a lot of features in beta that could have taken three to six months to roll out that now should hit the market sooner,” said Goby CEO Chris Happ.
The Chicago-based company will be rounding out its leadership team with new directors of product, marketing, and sales. They’ll also be hiring between five and seven new regional account managers.
Goby’s core product, SeaSuite, is a cloud based sustainability platform that captures utility usage data from buildings and presents them visually to help customers monitor and optimize sustainability performance. This in turn helps customers comply with sustainability and energy usage regulation and save money on utility bills.
"Goby's team has developed a proven, cost effective and scalable software solution that addresses rapidly evolving market needs in the real estate industry," said Thomas Espiard, Fund Manager at GBIF in a statement, citing the platform’s deployment in more than 500 million square feet across North America.
Espiard and GBIF CIO Jamie James will be joining Goby’s board of directors.
In addition to bolstering its core sustainability products, Goby will be adding a set of building operations features including tenant engagement, work orders, and vendor management to create a complete solution for real estate management.
The company is also working on partnerships with other organizations, to be disclosed at a later date.
