Greentech startup Green Badger receives $1.125m seed funding to manage sustainable construction
Green Badger, the SaaS developer for managing sustainable construction, announced it has received seed funding of $1.125 million in a financing round led by venture capital firm Shadow Ventures with participation from GroundBreak Ventures, Hamilton Ventures, and additional private investment partners. The capital will be used to continue to augment Green Badger's functionality to automate green construction compliance and enhance the sustainability of the built environment.
Tommy Linstroth, CEO, Green Badger: ''Everyone in the built environment is facing increasingly complex requirements for achieving LEED and ESG compliance. Green Badger simplifies and streamlines these processes, including reducing the time spent managing LEED and ESG reporting by 65 percent to save builders hundreds of thousands of dollars. We're excited by this infusion of capital as well as the significant experience our investors bring to the table in terms of helping to advise and grow successful businesses.''
Green Badger provides the most comprehensive LEED certification, ESG, and green-building automation software, making it the predominant choice for the construction industry. The global green construction market is predicted to reach more than $774 billion by 2030, increasing at a CAGR of more than 11.8 percent over the next eight years.
K.P. Reddy, General Partner, Shadow Ventures: ''Green Badger can be likened to the TurboTax of LEED and ESG for the construction industry, since it eliminates manual spreadsheets, instantly verifies thousands of green construction products, enables real-time collaboration, and easily exports review-ready forms required for external validation. We're pleased to lead this funding round for Green Badger and look forward to partnering with Tommy and his team to further penetrate the market for environmentally friendly building solutions.''