Enertiv Closes $4.25 Million Round with Investment from Fifth Wall

NEW YORK, Jan. 25, 2018 /PRNewswire/ -- Enertiv, Inc., a PropTech company that uses data and analytics to enhance building operations in commercial real estate portfolios, has closed a $4.25 funding round, including investment by venture capital firm Fifth Wall. The technology has been implemented in some of the largest real estate portfolios in the country, including Related Companies and Colliers International, facilitating an average 10-15% decrease in energy and maintenance-related operating expenses. The company tracks every critical piece of equipment and indoor environmental condition to deliver targeted insights around building operations and tenant comfort in real time. With $250M in assets under management, Fifth Wall is backed by CBRE, Lennar, Hines, Equity Residential, Prologis, Macerich, Host Hotels, and Lowes Home Improvement. Fifth Wall invests in businesses from all sectors of the Built World, including retail, industrial, hospitality, multi-family, homebuilding, office, and brokerage and structures real estate partnerships that accelerate the growth of its portfolio companies.