# Parity

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/parity

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.paritygo.com
- Total disclosed funding: $23M
- Latest round: Series B (Jun 11, 2024)
- Investors on record: 4

## About

Founded in 2016 and based in Ontario, Canada, Parity Inc. is a software company that provides remote heating, ventilation, and air conditioning optimization solutions. The company was founded by its CEO, Brad Pilgrim, and Brian Macleod. In June 2024, Parity Inc. raised USD 19 million in Series B funding led by Idealist Capital, ArcTern Ventures, Real Estate Technology Ventures, and Wyse Meter Solutions Inc.

Parity offers HVAC optimization automation software, which is a control optimization platform to control and manage HVAC systems in multifamily residential buildings and hotels. The firm’s software is designed to optimize these systems to reduce energy consumption and utility bill costs while also maintaining a comfortable temperature in the buildings.

The company plans to use the funds raised in June 2024 for geographic expansion across the United States and to develop new products and services for automated building efficiency and grid interactivity.

## Funding rounds

- Series B, Jun 11, 2024, $19M — ArcTern Ventures, RET Ventures, Wyse Meter Solutions Inc., Idealist Capital
- Series A, May 2, 2019, $3.7M — ArcTern Ventures

## Investors

- ArcTern Ventures (https://capitalatlas.ai/funds/arctern-ventures) — Series A, Series B
- RET Ventures (https://capitalatlas.ai/funds/ret-ventures) — Series B
- Wyse Meter Solutions Inc. — Series B
- Idealist Capital (https://capitalatlas.ai/funds/idealist-capital) — Series B