# Runwise

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

- Industry: Software
- Headquarters: New York, US
- Website: www.runwise.com
- Total disclosed funding: $49M
- Latest round: Series B (Jun 9, 2025)
- Investors on record: 21

## About

Founded in 2010 and based in New York, US, and founded in 2010 by Jeff Carleton (CEO), Lee Hoffman (President), and Mike Cook (CGO), Runwise, Inc. formerly known as Heat Watch operates as a provider of AI-based (artificial intelligence-based) hardware and software tools that control heating systems using mobile apps. In June 2025, Runwise, Inc. raised USD 55 million in series B funding led by new investor Menlo Ventures, with participation from other new investors MassMutual Ventures, Nuveen Real Estate, Multiplier Capital, and Munich Re Ventures. Returning investors Soma Capital, Alumni Ventures Group, Helium-3 Ventures, Cooley, and Fifth Wall Ventures also participated in the round. Runwise provides wireless control systems, sensor networks, and software platforms that allow small, medium, and large enterprises, as well as residential buildings with centrally heated systems, to operate their heating systems remotely, allowing them to save energy and reduce their carbon footprint. The firm's software offers smart heating systems that automatically detect problems and alert the appropriate team in real-time. The company will use the June 2025 funding for product innovation and hire new team.

## Funding rounds

- Series B, Jun 9, 2025, $30M — Menlo Ventures, Cooley, Nuveen Real Estate, Alumni Ventures Group, MassMutual Ventures, Soma Capital Management, Munich Re Ventures, Fifth Wall Ventures, Helium-3 Ventures
- Series A, Jun 2, 2022, $19M — NextView Ventures, Initialized Capital, Susa Ventures, Alumni Ventures Group, Notation, Soma Capital Management, Rudin Management Company, Fifth Wall Ventures, XY Ventures, MCJ, Helium-3 Ventures, Derive Ventures, SOJA Ventures, The Strykers, Silence VC, The Cannon Project

## Investors

- NextView Ventures (https://capitalatlas.ai/funds/nextview-ventures) — Series A
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Series A
- Susa Ventures (https://capitalatlas.ai/funds/susa-ventures) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A, Series B
- Notation (https://capitalatlas.ai/funds/notation) — Series A
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Series A, Series B
- Rudin Management Company — Series A
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series A, Series B
- XY Ventures — Series A
- MCJ (https://capitalatlas.ai/funds/mcj) — Series A
- Helium-3 Ventures (https://capitalatlas.ai/funds/helium-3-ventures) — Series A, Series B
- Derive Ventures (https://capitalatlas.ai/funds/derive-ventures) — Series A
- SOJA Ventures (https://capitalatlas.ai/funds/soja-ventures) — Series A
- The Strykers — Series A
- Silence VC (https://capitalatlas.ai/funds/silence-vc) — Series A
- The Cannon Project (https://capitalatlas.ai/funds/the-cannon-project) — Series A
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B
- Cooley — Series B
- Nuveen Real Estate — Series B
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series B
- Munich Re Ventures (https://capitalatlas.ai/funds/munich-re-ventures) — Series B