BuiltWorlds member Saint-Gobain recently announced that one of their portfolio companies, INOVUES, a window technology company that provides the only solution that enables existing building facades to be retrofitted with the latest energy-saving and smart glass innovations without removal or replacement, just closed its first equity funding round.
The round was led by Paulos Holdings and was oversubscribed with participation from new and pre-seed investors, including VC Fuel, Saint-Gobain NOVA, Fund4SE, Momentum Glass, Lateral Capital, E8 Angels, and the Central Texas Angel Network. The funding enables INOVUES to accelerate its plans to grow its team, expand commercialization efforts, and scale the adoption of its patented Glazing Shield™ technology.
Windows are responsible for up to 40 percent of the energy loss in buildings—the largest energy-consuming sector. Previously, to upgrade building windows, a full or partial replacement was required, which is an extremely expensive and disruptive process. INOVUES developed a non-intrusive retrofit solution that now provides the same benefits of full window replacement at a fraction of the cost and time and without disruption, offering up to 10 times faster payback period.
INOVUES’ insulating glass retrofits transform single- and low-performing double-pane windows—found in over 50 percent of all existing buildings—into high-performing multi-pane systems without removing or replacing any of their components, enabling them to incorporate the latest advancements in architectural glass. The non-invasive, overglaze retrofits improve window performance by up to 10-fold, reducing energy consumption by up to 40 percent while also increasing occupants’ thermal and acoustic comfort, among many other benefits.
All Standard and above BuiltWorlds members are invited to join us at our BuiltWorlds Venture West Conference in Palo Alto, CA from March 9th through 10th. Ben Price of Saint-Gobain’s NOVA External Ventures, who helped fund the round, will be a judge at our Demo Day on Day One of the Conference. We hope to see you there!