75F Closes $23 Million Series a to Make Building Automation Cleaner News provided by Share this article Share this article MINNEAPOLIS, March 16, 2021 /PRNewswire/ -- 75F, the IoT-based Building Management System based in Minneapolis, today announced a close of an additional $4.75 million, bringing 75F's total Series A to just under $23 million. The additional funding was provided by a syndicate led by WIND Ventures - the corporate venture capital (CVC) group of Copec. The company intends to use the funds to further expand innovations in energy savings and market reach. Commercial buildings are the fourth-leading contributor to greenhouse gas emissions globally. At 20 percent of emissions around the world, roughly half of that is from heating and cooling spaces. HVAC and Lighting account for 65% of the total energy consumption in commercial buildings, and traditional systems can guzzle a lot of energy as they are reactive and depend on system operators to manually tweak them. Building inefficiency will remain an important emissions target — the world's building footprint is expected to grow by 2.5 trillion square feet by 2060, which equates to building another New York City every month for the next 40 years.