By all accounts, 2013 was a pretty phenomenal year for
Aquicore, the B2B energy management startup for the commercial real estate and municipal sectors. At this time
last year, founder Logan Soya was excited about moving into Acceleprise, the B2B accelerator, and installing monitors for his first client.
Cut to the beginning of 2014. Soya is now helming a team of 15 employees (10 are full-time) and will be installing 70 new energy monitors across the city for private clients as well as the city of D.C., his largest contract.
"It's been a great journey," Soya says. "Being able to grow our team is the most exciting part. The acceleration has been phenomenal."
Aquicore's product monitors energy usage in commercial and municipal properties and generates detailed reports for building managers. Soya says that clients using Aquicore's data go on to save between 12 and 20 percent in energy costs.
"Now that we have our core product and mission, I'm looking to focus 100 percent on business growth and development in 2014," Soya says. In addition to the commercial real estate and municipal sectors in the Mid-Atlantic, Aquicore will be expanding to the West Coast and internationally, to Europe. "We've built relationships with companies and investors in San Francisco and we're looking for opportunities for growth." Two current team members hail from Croatia and Argentina, respectively, allowing Aquicore inroads for expansion in those markets.
According to Soya, the company closed a successful seed round, picking up "a number of new investors, including
New Dominion Angels." He declined to give the total amount of the seed round.
Aquicore is hiring team members in marketing and sales. "We're looking for people with relationships in green buildings and commercial real estate," Soya says. The company is also looking for interns from local universities.