See the pitch deck a startup that monitors building ventilation used to raise $8 million during the pandemic
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- Clockworks Analytics raised $8 million in December, its second round of funding in 12 years.
- The company saw an uptick in demand as facilities managers tried to keep tenants and residents safe.
- Here’s the pitch deck Clockworks used to land its funding during the pandemic.
While the pandemic ushered in a year of uncertainty for many business owners, Nicholas Gayeski faced the opposite issue: An increased demand in his company’s analytics platform, which tracks the operation of filters and ventilation, lead him to raise the startup’s second round of funding in 12 years.
Clockworks Analytics — which Gayeski cofounded in 2008 — raised $8 million in December, bringing its total funding to $13 million. The round was prompted by the pandemic, which put an emphasis on proptech such as sanitizing UV-C technologies, movement trackers that enforce social distancing, and upgraded HVAC systems.
Clockworks’ technology monitors the performance of building systems to track maintenance, energy usage, and overall health while simultaneously collecting data on those functions. Clockworks then uses that information to help customers determine the most pressing issues to fix and how to avoid equipment degradation.
“The meat and potatoes are at the system level,” said Gayeski, who also serves as CEO. “By turning data at the system level into actionable information and insight, we can help an organization realize savings and improve comfort.”
Gayeski plans to use the $8 million to accelerate both the growth of Clockworks’ product and its customer base, which spreads across 420 million square feet of space around the world, Gayeski said (At the time of fundraising, it was across 370 million square feet of space). He also used the announcement to change the company’s name from KGS Buildings to Clockworks Analytics.
Gayeski walked Insider through the pitch deck he used, noting what investors liked and which details were the most important to landing the deal.