Aquicore Raises Seed Round From 1776
Aquicore announced today it raised a $3.1M seed round, led by the 1776 Seed Fund. The DC company’s technology is used in over 500 buildings to measure electricity, water and gas consumption in real-time for clients like MRP, Douglas Development and Tower Cos. The money will be used to expand into new markets and add to its team of 28. Launched by Logan Soya (above) in 2013, it was one of a handful that won a $125k Digital DC Tech Fund grant earlier this year.
It also moved into its first office on 7th Street and grew its team of advisers to include HelloWallet co-founder Revell Horsey and former Bloomberg BNA Legal president Dimitri Mehlhorn. Former SocialRadar VP Shana Glenzer was recently brought on as CMO. 1776’s seed fund closed this week at $12.5M and has invested in 20 pre-Series A startups since launching last year. It focuses on companies in health, education, energy, transportation and smart cities.