Ecomedes, Pioneer of Cutting-edge Sustainable Building Product Platform, Receives $1.5M Seed Funding from Saint-Gobain NOVA External Ventures and PivotNorth Capital
September 21, 2020
San Francisco, Calif.(Sept. 22nd, 2020) – Ecomedes announced today 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 toEnvironment + Energy Leader the green building materials market worldwide is expected to grow by $187 billion from 2020-27, an 8.6 percentCAGR. Ecomedes delivers across-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.
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.”
Tim Connors, Managing Partner ofPivotNorth 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.”
Ecomedes streamlines the processes of collection, maintenance, discovery, comparison, documentation and performance analysis for over 700,000 sustainable building products carrying over 35 different ecolabel certifications across 10,000 manufacturing brands.Building owners, design teams and general contractors like the US GeneralServices Administration, KMD Architects and DPR Construction use ecomedes to save valuable time searching for and documenting product selections while ensuring that sustainability guidelines are met. Building product manufacturers like Armstrong, CertainTeed, Humanscale, and Tarkett also save valuable time for their sales and marketing teams by capturing, presenting and updating product certification information in a way that supports their buyers’ needs. Asa result, ecomedes contributes to critical advances in building industry practices that support people and planet as well as profitability. Ecomedes is headquartered in San Francisco. For information visit www.ecomedes.com.
About SAINT-GOBAIN &NOVA by SAINT-GOBAIN
Saint-Gobain, which operates in 70 countries, designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.
NOVA, the external venturing arm of Saint-Gobain identifies forward-thinking startups around the world whose philosophies align with Saint-Gobain’s focus on well-being and sustainability.
It helps those startups nurture their ideas and grow their companies to scale through partnerships and investment. With a presence in Asia,Europe, North and South America, NOVA connects the global startup community with the power, resources and experience of Saint-Gobain to address the needs of today and challenges of tomorrow.
To learn more about Saint-Gobain and NOVA by Saint-Gobain goto www.saint-gobain.com or www.nova-saint-gobain.com and follow us on Twitter @saintgobain or @sgnova
About PivotNorth Capital
PivotNorth Capital works to be the first and most-trusted investor in world-class technologists solving problems of importance to society. The firm's founder, Tim Connors, has had billion dollar exits as an operator and as a VC both via M&A and IPO. Tim is a 2020 Midas List member.PivotNorth is based in Menlo Park, Calif. http://www.pivotnorth.com @PivotNorth @timconnors