SINGAPORE–(BUSINESS WIRE)–Accacia, a decarbonisation platform focusing on the Real Estate and Infrastructure sectors, has closed a US$6.5m pre-Series A round led by Illuminate Financial – a specialist VC firm focused on enterprise fintech companies building solutions for the financial services industry with offices in New York, London and Singapore. Southeast Asia based AC Ventures also participated in this round, alongside continued support from early backers Accel and B Capital.

Real estate and construction activity contribute to about 40 percent of global Greenhouse Gas (GHG) emissions. The sector lacks robust tools to measure climate risks and define decarbonisation pathways. Founded in 2022 by INSEAD alumni Annu Talreja and co-founders Piyush Chitkara and Jagmohan Garg, Accacia offers an AI-enabled SAAS platform that helps real estate asset managers, owners and developers track their emissions, and design their decarbonisation journey.

“This funding comes at a crucial juncture as the Securities & Exchange Commission (SEC) and Singapore Exchange (SGX) have announced regulations on carbon emissions’ reporting, underscoring the urgent need for comprehensive and real-time climate risk data. We have already deployed our solution to over 25m sqft of real estate and are poised to leverage this opportunity and scale globally,” said Annu Talreja, Founder and CEO at Accacia.

Illuminate Financial, with its extensive network of financial services’ industry LPs, has a unique perspective of this evolution where climate risk is becoming a must-have metric for investors. “Measuring and managing climate risks has become imperative for large financial institutions especially on real estate which is one of the most significant and most affected asset classes in their portfolio. With Annu’s background and industry experience in real estate, we felt Accacia is the right fit to take on a leading position in the global real estate decarbonization market and are pleased to partner with the Accacia team,” said Rezso Szabo, Partner at Illuminate Financial.

“While real estate is one of the single largest contributors to GHG emissions, it is also a very hard-to-decarbonize sector given the complexity of value chain emissions (construction vs operations) and the variety of asset uses. Given our deep interest in climate, we were confident that the sector demanded a custom solution designed for nuances of the real estate sector and loved what Accacia has built,” said Helen Wong, Managing Partner at AC Ventures.

Decarbonisation of real estate is one the biggest opportunities today – a staggering US$18 trillion of investment is required over the next decade to get the real estate industry to net zero. Accacia’s tech platform integrates with existing Property Management, Energy Management and Procurement systems to automate real-time data capturing and tracking, making it the quickest and most affordable solution for real estate companies on their path to net zero. The Real Estate industry has recently become the focus for climate solutions with several large VC funds raising dedicated capital to decarbonise buildings.

For more information about Accacia, please proceed here.

About Accacia

Accacia is an AI-enabled SAAS platform that provides Real Estate Developers, Asset Managers and Financial Institutions the key metrics and decisions they need to decarbonize their portfolio. The platform allows customers to measure and benchmark the Transitional Risks on their portfolios, while the AI-enabled recommendation engine suggests decarbonization strategies at the asset and portfolio level.

About Illuminate Financial

Illuminate Financial is a thesis-driven venture capital firm investing in enterprise fintech companies building solutions for the financial services industry. With offices in London, New York, and Singapore, Illuminate’s deep networks and trusted partnerships with major financial institutions for the past decade provide real insight into what the industry needs and helps their portfolio companies achieve their full potential.

About AC Ventures

AC Ventures (ACV) is a top venture capital firm that invests in tech-enabled businesses focused on Indonesia and Southeast Asia, with over US$500 million in assets under management. The firm empowers entrepreneurs with more than capital by combining operational experience, industry knowledge, deep local networks, and resources. ACV’s team has invested in over 120 regional tech companies since 2012. With a team of more than 35 professionals led by Adrian Li, Michael Soerijadji, Helen Wong, and Pandu Sjahrir, it has offices in Jakarta and Singapore.

About Accel

Accel is a leading venture capital firm that invests in people and their companies from the earliest days through all phases of private company growth. Atlassian, Braintree, Cloudera, CrowdStrike, DJI, Dropbox, Dropcam, Etsy, Facebook, Flipkart, FreshWorks, Jet, Qualtrics, Slack, Spotify, Supercell, UiPath and Vox Media are among the companies the firm has backed over the past 35 years.

About B Capital

B Capital invests globally in extraordinary founders and businesses shaping the future through technology. With more than $6 billion in assets under management and dedicated stage-based funds, the firm focuses on seed to early- and late-stage venture growth investments, primarily in the technology, healthcare and climate sectors. Founded in 2025, B Capital has an integrated, global team across nine locations in the U.S. and Asia. The firm’s value-add platform, together with the consulting expertise of its strategic partner, The Boston Consulting Group, provides entrepreneurs with the tools and resources to scale quickly and efficiently, expand into new markets and build market-leading businesses. For more information, click here.

Contacts

Media Contact Information
Prosek Partners on behalf of Accacia

kkzhemanovska@prosek.com

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential REIT” or the “REIT”) today announced its April 2024 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The April distribution will be payable on May 15, 2024 to unitholders of record as at April 30, 2024.

About Dream Residential REIT

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns a portfolio of garden-style multi-residential properties, primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Contacts

Dream Residential REIT


Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its April 2024 monthly distribution of 8.333 cents ($1.00 annualized) per REIT Unit, Series A (“REIT A Units”). The April distribution will be payable on May 15, 2024 to unitholders of record as at April 30, 2024.

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

EV charging solutions provider achieves 10x year-over-year growth of its charging network and secures funding to further scale charger deployments in multifamily and commercial buildings across North America

TORONTO & BAAR-ZUG, Switzerland–(BUSINESS WIRE)–SWTCH Energy (“SWTCH”), a company pioneering electric vehicle (EV) charging solutions for multi-tenant buildings across North America, today announced that it raised $27.2 million in Series B funding. The round was led by Blue Earth Capital (“BlueEarth”), the specialist global impact investor, on behalf of its investment vehicles with participation from Alantra’s Energy Transition Fund, Klima. Additional Series B investors include Active Impact Investments and GIGA Investments Corp. This new funding will enable SWTCH to accelerate charging in multi-tenant buildings, following a tenfold increase in the company’s charging network since its Series A, and advance its innovative EV charging and integrated energy management solutions for real estate customers.

SWTCH is meeting the massive demand for multifamily EV charging as EV sales hit an inflection point and governments amend building codes and zoning ordinances to require properties to be EV-ready. SWTCH’s turnkey EV charging solutions tackle the main deployment challenges for new and aging multifamily buildings from upfront costs and limited electrical capacity to charger reliability. The company’s energy management solution, SWTCH Control™, for example, provides unmatched visibility into building electrical loads and available capacity for EV charging. It allows building owners to install and manage 10 times more EV chargers with existing electrical infrastructure, future-proofing properties while avoiding costly upgrades.

With this raise, SWTCH is leveraging machine learning and artificial intelligence to advance SWTCH Control and its other market-leading EV charging solutions. The company is also expanding integrations with industry-leading software solutions to create a seamless experience for both property managers and tenants who drive EVs.

“Today, a third of Americans live in multifamily buildings, largely without home charging access. As right-to-charge laws and energy efficiency mandates continue to gain traction, SWTCH is in a unique position to help real estate customers close this gap,” says SWTCH CEO Carter Li. “We’re always looking for ways to push our solutions forward to make EV charging a no-brainer. With this new capital, we will scale our EV charging solutions to ensure no building, and no driver, is left behind in the EV future.”

“As a mission-driven, global investment firm with a strategy of scaling companies addressing climate change, Blue Earth Capital is proud to invest in SWTCH’s work to expand EV charging access,” says Kayode Akinola, Head of Private Equity at Blue Earth Capital. “We’re pleased to see SWTCH’s innovative deployments and technological leadership to date, and are excited to partner with the company to support their pivotal growth stage. Electrification and supporting the energy transition is a key investment theme for our climate growth strategy, and an important component of this is the continued expansion of EV infrastructure. The multifamily space served by SWTCH offers a valuable market opportunity to grow our clean energy economy.”

“We think the multifamily housing market in North America is under-served with EV charging infrastructure. SWTCH’s capital efficient, building integrated model is the best we have seen in this space. We are proud to support SWTCH’s expansion, so it can make EV charging a better experience for drivers and property managers,” says Manuel Alamillo, Partner at Alantra’s Energy Transition Fund, Klima.

Notes to editors

About SWTCH Energy

Headquartered in Toronto, Ontario, with offices in Brooklyn and Boston, SWTCH is pioneering EV charging solutions for multifamily, commercial, and workplace properties across North America. SWTCH leverages the latest technology available to help building owners and operators deploy EV charging by tapping into their existing grid infrastructure. Through constant innovation and an extensive partnership network, SWTCH provides the most profitable and unique business model for multi-tenant buildings to stay competitive. For more information, visit www.swtchenergy.com.

About Blue Earth Capital

Blue Earth Capital is a global, independent, specialist impact investor, headquartered in Switzerland, with operations in New York, London, and Konstanz. Blue Earth Capital seeks to address the world’s most pressing social and environmental challenges by delivering measurable impact alongside aiming for attractive and market-rate financial returns. The company operates dedicated private equity, private credit, and fund solutions. Blue Earth Capital is owned by the Blue Earth Foundation, a Stiftung (charity/trust) registered in Switzerland that focuses on deep impact to support initiatives and business ventures to help deliver a more equitable and sustainable future.

About Alantra and Klima Energy Transition Fund
Alantra is an independent global mid-market financial services firm providing investment banking, asset management, and private capital services. In Alternative Asset Management, Alantra offers its clients unique access to a wide range of investment strategies in five highly specialized asset management classes (private equity, active funds, private debt, energy, and venture capital). As of 31 December 2023, assets under management from consolidated and strategic businesses stood at €15.6bn.

Alantra’s Energy Transition fund, Klima, is a 210M€ late-stage VC fund. Alongside Enagas, as cornerstone investor, Klima is backed by relevant investors such as the European Investment Fund, Axis ICO and CPPI. Klima partners with companies located in Europe and North America that have high growth potential in sectors such as smart power grids and markets, energy storage and technologies.

Contacts

Media
SWTCH
Chelsea Nolan

Antenna Group for SWTCH

SWTCH@antennagroup.com

Blue Earth Capital
Kekst CNC

Simon Markebeck

+46 76 127 90 72

Blueearthcapital@kekstcnc.com

Amid rising demand for clean energy technologies, Auxilium adopts Elevated Signals’ manufacturing software to unlock the estimated $3.4 trillion in critical minerals trapped in mine tailings globally

VANCOUVER, British Columbia & TUCSON, Ariz.–(BUSINESS WIRE)–#CircularEconomy—Elevated Signals Inc. (“Elevated Signals”), a pioneering technology company that offers advanced Manufacturing Resource Planning (MRP) software, announces the continued diversification of its client base into the growing waste-to-value and critical minerals recovery sectors, highlighted by a new partnership with Auxilium Technology Group (“Auxilium”).

Auxilium‘s unique valorization technology efficiently extracts critical minerals from mine tailings and repurposes the reclaimed tailings to manufacture eco-friendly construction materials.

Mining waste is one of the largest waste streams generated globally, with an estimated 100 billion tons or more produced annually. The value of precious, critical, and strategic metals in these tailings is thought to exceed $3.4 trillion worldwide, and demand for these minerals, including cobalt, copper, lithium, nickel, and several other rare earth elements, is expected to more than double by 2040.

“Waste-to-value manufacturing businesses like Auxilium play a key role in providing critical minerals needed for the transition to renewable energy, which presents a significant opportunity within the mining sector,” said Amar Singh, CEO and co-founder of Elevated Signals. “As the industry expands, it has become increasingly clear that these reclamation processes can be better optimized with precise real-time inventory tracking and data-driven analytics. This is something that rigid ERP systems, spreadsheets, and paper-based processes are not equipped to deliver, which is where our platform comes in.”

“Our operation’s needs are complex and constantly evolving. At every stage of production, we must consistently monitor and evaluate the presence and quality of various measurable characteristics in the materials processed in our inventory,” said Michael Goedecke, Auxilium’s Lead Metallurgical Technician. “Elevated Signals gives us a centralized, user-friendly interface that provides a complete and clear view of the live inventory, which has really helped us simplify and optimize our processes.”

Auxilium currently operates a pilot plant in Arizona and is on a rapid growth trajectory. Its modular technology can be used to remediate old mine sites and can also be utilized by operating mines without disrupting operations. The company sees significant opportunities to expand its operations into South America, the U.S., Africa, Australia, and beyond.

About Elevated Signals

Elevated Signals Inc. (“Elevated Signals”) offers modern manufacturing software designed for the complex operations of rapidly expanding manufacturing businesses eager to scale quickly. The company caters to a wide range of clients across various sectors, including controlled environment agriculture, natural health products, critical minerals recovery, and more. Its advanced Manufacturing Resource Planning (MRP) platform sets new standards for operational efficiency with its user-friendliness, flexibility, and complete traceability. The cloud-based solution acts as a unified source of truth for managing live inventory, providing easy access across the company from any location. It streamlines operations and cuts waste by automating real-time tracking, digitizing records and custom forms, and ensuring clear inventory visibility. By removing manual processes and breaking down data silos, Elevated Signals enables quicker and more informed decision-making, allowing businesses to prioritize profitability.

Learn more at https://www.elevatedsignals.com/join-us and follow Elevated Signals on LinkedIn, Instagram, and X at @ElevatedSignals.

About Auxilium

Auxilium Technology Group (“Auxilium”) provides solutions that maximize value from mining waste while minimizing the environmental impact of the mining industry. The company uniquely offers complete tailings repurposing solutions using proprietary technologies. These solutions prioritize environmentally friendly practices, focusing on efficient metal recovery, water treatment, green energy generation, and building material production. Among its products, the Entail solution stands out as a groundbreaking regenerative tailings management system, enabling mining companies to enhance operational value and significantly reduce waste. Entail fully valorizes the input tailings feed, recovers critical elements necessary for the energy transition, produces eco-friendly construction materials, and substantially reduces carbon emissions.

Contacts

Elevated Signals:
Media inquiries: Media@elevatedsignals.com
Sales or product inquiries: Sales@elevatedsignals.com