Round13's equity investment will support Alvéole's continued growth and ambition to cultivate environmental change in cities worldwide.
MONTREAL, Nov. 10, 2022 /CNW Telbec/ - Alvéole, the world’s largest urban beekeeping company has just closed an $8.1M Series A investment from Round13 Capital’s EarthTech Fund. The investment will help the company grow its ESG data-driven platform, expand to new markets, and extend its current product offering - all to continue cultivating environmental change and support pollinator education in cities worldwide.
As a leading Canadian venture capital firm and well-known in the commercial real estate industry, Round13 was a natural fit for Alvéole. "We are proud to support Alvéole as they continue to empower the commercial real estate industry to execute on their sustainability and tenant wellness strategies," says Craig Strong, partner at Round13 Capital. "Round13 is particularly excited to help facilitate the expansion of their digital offerings, thereby unlocking Alvéole's ability to provide measurable environmental ROI for green building certification and investor reporting. We look forward to working with Alvéole's talented management team as they steward the Company through this next stage of growth."
"We are proud to be one of the first investments within Round13’s new EarthTech Fund", says Alex Mclean, Alvéole's Co-Founder and CEO. “Their software domain expertise, their experience with high-growth companies,, as well as their success within the commercial real estate industry are fantastic assets for us at Alvéole.”
Alvéole: Skyrocketing since 2013
Alvéole's growth has been exponential since its founding in 2013. Pioneer in the field of nature-driven amenities for companies and commercial real estate assets, the company has grown to 40 cities in 6 countries over the past decade. Previously, Alvéole was able to count on financial support from Capital Financière agricole and edō Capital, who were instrumental in the early growth of the company.
"We were impressed by Alvéole's founding team, their vision, and the incredible response from early customers back in 2015, when we first partnered with them", mentions Hamnett Hill of edō Capital. "It's been an exciting privilege to see them rapidly scale their B2B offering to support customers across North America, and throughout Europe, ultimately defining the entire market - while connecting hundreds of thousands of tenants and employees with the wonders of nature. I am excited to see them continue that important mission.”
Starting in 2023, customers will benefit from the company's new product offering, specifically designed for commercial real estate partners to make cities greener and more resilient, a critical transition as the consequences of climate change are already impacting cities across the globe.
MyHive: Round13's experience in tenant engagement apps instrumental in growth
Alvéole also counts on Round13's savoir-faire to support the development of its trademark platform MyHive, a digital interface allowing clients to stay connected with their nature-driven amenities, and assess and measure their social and environmental impact.
"Clients have been asking for more ways to increase their impact and meet their ESG goals", comments Mclean. "We are at such an exciting stage of our journey in terms of the experiences that we offer - and we are and always have been optimists - yet the magnitude of the challenges we must overcome in the context of the green transition calls for nothing less than immediate, concrete actions to preserve biodiversity."
ABOUT ALVÉOLE
Alvéole is a Montreal-based social company cultivating greener cities and more connected communities in 40 cities worldwide. The certified B Corp and 1% for the Planet member brings nature-based solutions such as honey bee hives, pollinator habitat, and bee-friendly gardens to buildings in cities and monitors their impact with technology, to help clients meet their ESG goals and be agents of positive environmental and social change. www.alveole.buzz
ABOUT ROUND13 AND ROUND13 EARTHTECH FUND
Round13 Capital is a Toronto-based venture and growth capital firm that invests in software and technology-enabled businesses. The firm is managed by experienced investors and operators and uses a disciplined investment approach to identify exceptional entrepreneurs committed to opportunities and companies with market leadership potential. Round13’s environmentally-focused EarthTech Fund targets companies that have made a commitment to the environment and have sustainability and business performance as strategic imperatives.
SOURCE Alvéole Montréal inc.
Jennifer Ahken, EGS Group, [email protected], 514-952-2072
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