CTSS Episode 10: ecomedes
Creating a marketplace for sustainable and certified corporate procurement
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ecomedes is a startup working on reducing the cost, energy and impact of commercial buildings. Commercial buildings represent a staggering environmental footprint: they consume 70% of electricity generated; produce 40% of emissions; and use 17% of water supplies. The Gates Foundation found that the rate of construction pre-pandemic was equivalent to building a new New York City every month for the next forty years. ecomedes works to make commercial buildings more sustainable by serving as a product catalog, connecting standards (LEED, et al.) and product certifiers with sellers, vendors and brands. By providing a centralized source of truth for sustainable procurement, ecomedes is lowering the environmental impact of commercial buildings.
CEO Kathleen Egan walks me through a company overview and how ecomedes is helping to address the environmental footprint of commercial properties.
Enjoy the show!
Synopsis
Mission: Reducing the cost, energy and impact for commercial buildings.
Team:Kathleen Egan (Co-Founder & CEO); Hung Vo (Co-Founder & CTO); Paul Shahriari (Co-Founder & Chief Innovation Officer)
(total of six people)
Product: A marketplace for sustainable products, featuring information from standards and certifiers, to supply commercial buildings.
Traction: Raised a $1.5M seed round from Saint-Gobain NOVA External Ventures and PivotNorth Capital (announcement); currently generating $850K in ARR; partnering with brands like Herman Miller and the U.S. Federal Government.
Help Sought: Open to connecting with prospective advisors and investors as well as enterprise Chief Sustainability Officers seeking a path to profitable sustainability.
Jobs: Hiring a product manager with marketplace experience, API strategy understanding and the passion to make the world a better place using technology (submit your resume here).