# Retrofit

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

- Industry: Healthcare IT
- Headquarters: Chicago, US
- Website: www.retrofitme.com
- Total disclosed funding: $13M
- Latest round: Series B (Dec 20, 2013)
- Investors on record: 6

## About

Retrofit, Inc. specializes in enhancing user experiences within the retrofit market by providing cutting-edge solutions focused on energy efficiency and sustainability.Founded in 2011 and headquartered in Chicago, US, Retrofit, Inc. integrates modern technology into existing infrastructures. Key founders Geoffrey Lloyd, Gloria C, and Suhrd Joshi have previously contributed to the industry. The firm has raised a total of USD 1.90 mn through 7 deals, with the latest round occurring in April 2018, where the company was acquired by Livongo Health, Inc. for an undisclosed amount.Retrofitme.com offers innovative solutions designed to improve user experiences within the retrofit market. The company provides products that facilitate the integration of modern technology into existing infrastructures, addressing challenges faced by homeowners and businesses. Their core offerings include advanced energy management systems that optimize energy consumption and smart devices that enhance operational efficiency. Primarily targeting residential and commercial clients, Retrofitme.com operates in North America and Europe, meeting regulatory standards while delivering long-term user value.Retrofitme.com's revenue model combines direct-to-consumer sales with business-to-business partnerships. Transactions are structured through subscription-based services, providing clients with ongoing support and updates for energy management systems. Additionally, the company engages in direct sales of flagship products, catering to individual homeowners and commercial clients. Their competitive pricing structure reflects the value provided through energy savings and efficiency improvements, supported by strong relationships with retailers and wholesalers for broad market reach.Looking ahead, Retrofit, Inc. aims to design and launch new energy management products to meet increasing market demands by 2023. The company plans to expand into new geographic regions, specifically targeting markets in Asia and Australia by 2024. The recent funding of USD 1.90 mn will support these initiatives, facilitating product development and market entry strategies, following its acquisition by Livongo Health, Inc. in April 2018.

## Funding rounds

- Series B, Dec 20, 2013, $5M — Draper Fisher Jurvetson, Cambia Health Solutions
- Series A, Nov 13, 2012, $8M — Draper Fisher Jurvetson, Pritzker Group Venture Capital, Correlation Ventures, Chicago Ventures, Hyde Park Venture Partners

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series A, Series B
- Pritzker Group Venture Capital (https://capitalatlas.ai/funds/pritzker-group-venture-capital) — Series A
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series A
- Chicago Ventures (https://capitalatlas.ai/funds/chicago-ventures) — Series A
- Hyde Park Venture Partners (https://capitalatlas.ai/funds/hyde-park-venture-partners) — Series A
- Cambia Health Solutions — Series B