{"id":61114,"date":"2021-11-03T11:13:14","date_gmt":"2021-11-03T11:13:14","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=81853"},"modified":"2021-11-03T11:13:14","modified_gmt":"2021-11-03T11:13:14","slug":"microshare-receives-15-million-in-financing-from-avenue-capital-sustainable-solutions-fund","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/microshare-receives-15-million-in-financing-from-avenue-capital-sustainable-solutions-fund\/","title":{"rendered":"Microshare receives $15 million in financing from Avenue Capital Sustainable Solutions Fund"},"content":{"rendered":"
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Aggressive expansion planned in growing Smart Building and ESG data space<\/h4>\n
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EverSmart by Microshare<\/h5>\n<\/div>\n
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Microshare provides Smart Building data solutions for some of the world\u2019s largest companies with a dramatic double bottom line: cost savings and sustainability<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

PHILADELPHIA, Nov. 03, 2021 (GLOBE NEWSWIRE) — Microshare Inc., a leading provider of Smart Building data solutions to multinationals and public sector institutions, has closed $15 million in financing from the Avenue Sustainable Solutions Fund, L.P., Avenue Capital Group\u2019s vehicle for supporting firms working to bring about a more sustainable world.<\/p>\n

Microshare\u2019s EverSmart suite of Smart Facilities solutions help global enterprises like GlaxoSmithKline, Aramark and Rent-A-Center reassure workforce, tenants and customers about the safety of indoor spaces while producing operational efficiencies as well as data insights that boost ESG (Environment | Social | Governance) performance.<\/p>\n

\u201cThe Avenue Sustainable Solutions Fund investment represents a major vote of confidence in the transformational nature of our EverSmart solutions,\u201d said Microshare CEO and Co-Founder Ron Rock. \u201cAs the pandemic hopefully subsides, our ability to create data where none existed before has never been more relevant as workers and tenants grappled with new concerns about indoor spaces, and companies rethink their real estate footprint and face new global expectations on climate and other ESG issues.\u201d<\/p>\n

\u201cMicroshare is a natural fit for our strategy,\u201d said\u00a0Sean Coleman, co-manager of the Avenue Sustainable Solutions Fund. \u201cWe are excited to back Microshare\u2019s strategy to address growing corporate demand for improvements in building energy efficiency and water consumption, both of which are critical considerations for a sustainable future.\u201d<\/p>\n

Philadelphia-based Microshare provides Sensing-as-a-Service solutions to clients in Commercial Real Estate, Corporate, Healthcare, Manufacturing and Pharmaceuticals sectors. The company received international attention for the Universal Contact Tracing wearables it introduced early in the pandemic, a solution credited with preventing major outbreaks at essential manufacturing industries like pharmaceuticals and logistics.<\/p>\n

Microshare will use the funds to expand its sales and development teams, grow its business in North America, Europe and the Middle East, and to solidify the complex supply chain and reseller relationships that underpin its efforts to deploy its data solutions at scale.<\/p>\n

Microshare\u2019s solutions create Digital Twins clients\u2019 real-world assets that enable better decisions on operational systems and the data to inform and fuel impactful sustainability initiatives.<\/p>\n

The company recently reached a number of milestone agreements, including:<\/p>\n