Cove.Tool Closes Seed Round to Automate Sustainable Building
Summary
Atlanta-based Cove.Tool, an energy efficiency automation platform for the building industry, has closed a $750K seed round to ramp up their marketing, sales and development. While Ahuja was happy about her work “to save the planet in small ways,” she felt frustrated about how many projects were out there that sustainability consultants couldn’t touch, due to cost or time constraints. Thus far, the team has been operating on the $100K investment from TechSquare Labs that they received following their presentation at the fourth Atlanta Startup Battle in summer of 2018. Ahuja says the new funding will give them a 14-month runway during which they can ramp up marketing across the U.S. to solidify their sales cycle and customer acquisition. Ahuja’s goal is for there to be “absolutely nothing in the visual realm of the software competition that could take away any business from us.” In the long run, the company may expand the platform to cover use cases like building renovations or product recommendations.