We are excited to announce our lead investment in CIM’s $10m Series A round! CIM’s property automation software enables teams to work more collaboratively, accelerating the journey to net zero emissions. This will be Five V Capital’s fifth investment from its Venture Capital Fund II, which recently achieved its first close. We are joined in this round by Carthona Capital and former Stockland CEO Mark Steinert.
CIM is a fast growing Australian technology company that empowers property operation teams to work smarter - generating significant operational efficiencies including improved financial performance, reduced climate impact and superior customer experience. Headquartered in Sydney, CIM also has established operations in Europe with landmark clients globally including Charter Hall, Intel, Scentre Group, Lendlease, Dell, QIC and the GPT Group.
David Walsh, Founder and CEO, says, “The built environment accounts for approximately 40% of all carbon emissions globally and our goal is to help the sector reduce more than one gigatonne of emissions. I’m excited to initiate the next stage of our growth by expanding into Asia and North America and getting closer to our vision of positively impacting the daily lives of the two million facilities managers currently managing buildings globally.”
Ed Bigazzi, from Five V Capital says, “CIM is unique in that it solves three problems at once. First, it reduces the carbon footprint for a building which moves us towards net-zero and makes the building more valuable. Second, it saves the building owner running costs and improves the bottom line. And third, it closes the loop between detecting a fault and fixing a fault through smart workflow. We see a significant global market opportunity, and we are still in the very early innings.”
Congratulations CIM and David Walsh!