• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • RCR Wireless News
  • Enterprise IoT
  • Editorial Calendar
  • Advertise
  • Webinars
  • Reports
  • White Papers
  • Subscribe

In-Building Tech

Connecting CRE building technology buyers with CRE tech sellers

720×90

  • Industry
    • Office & Commercial
    • Data Center, Network Hotels
    • Government
    • Healthcare
    • Higher Ed
    • Hospitality
    • K-12
    • Laboratory & Scientific
    • Manufacturing
    • Multi-Family
    • Transportation: Airports, Rail, Ports
    • Smart City
    • Stadiums, Arenas, Venues
  • Tech
    • Drones
    • AI-Machine-Learning
    • Wi-Fi
    • Augmented Reality
    • IoT (platform, gateway)
    • Networks
    • 5G Resources
    • Microcontrollers
    • Microprocessors
    • Data Analytics
    • Wired Networks, Fiber
    • Wireless (Cell, DAS, BDA, Repeaters, Boosters)
    • Positioning, GPS, Navigation
    • Security
    • Sensors
  • Systems
    • Energy
    • Lighting
    • HVAC
    • Security
  • Functions
    • Automation
    • Building Management
    • Construction
    • Asset Management (EAM)
    • Materials
    • Maintenace (MRO)
  • Smart Buildings
  • News & Event Coverage
  • In-Building Wireless
  • About In-Building Tech
  • Qualcomm 5G Insights
You are here: Home / Buildings / Internet connectivity rating firm WiredScore raises $9 million in Series A funding

Internet connectivity rating firm WiredScore raises $9 million in Series A funding

October 24, 2018 by Urvashi Verma

  •  
  •  
  •  
  •  
  •  
CBRE 360

WiredScore, a New York-based technology firm that rates buildings on internet connectivity, announced this week it raised $9 million in Series A funding- the move signals that investors see digital connectivity as a significant area of growth in the coming years.

The funding round was led by Bessemer Venture Partners, Fifth Wall, Sterling VC and commercial real estate investors Legal & General, KingSett Capital, U+I, Town Centre Securities, MOMENI Digital Ventures and Savitt Partners.

“Amenities are critical to today’s tenants and of the desired offerings, connectivity is paramount. However, it’s simply not enough to invest in the technology. Landlords need a strategy to be successful and we believe WiredScore is the best partner to help them succeed,” said Brad Greiwe, co-founder and managing partner of Fifth Wall, a leading U.S.-based PropTech venture capital firm.

WiredScore launched its certification in New York City in 2013 and since then has rapidly become the leading rating service for infrastructure, connectivity and tech capacity in commercial buildings in both the United States and globally.

WiredScore, formerly owned by Jared Kushner who sold his majority stake in the firm to Fifth Wall and Bessemer in October of last year, has nearly doubled its number of certified buildings by 45% and expanded to eight new cities including Chicago, Atlanta, Montreal, Glasgow, and Frankfurt among others, in the past nine months.

The company says it will use the $9 million in funding to continue expanding globally and into new vertical markets.

Part of the reason for the company’s strong growth has been an increasing recognition by commercial landlords that internet connectivity can drive return on income and differentiate them in an increasingly competitive marketplace.

“As businesses become more dependent on digital connectivity, we are seeing a shift in the landlord’s responsibility to deliver well-connected buildings. No longer does the solution to connectivity issues sit solely between a tenant and their internet service provider,” said Arie Barendrecht, founder and CEO of WiredScore in the company’s press release.

To date, more than 450 landlords and developers worldwide including EQ Office, Brookfield, Hines, Tishman Speyer, Boston Properties, Jamestown, Columbia Property Trust and Google use the company’s services.

Related

Filed Under: Buildings, Proptech

Primary Sidebar

Sponsors

Search

300×350

300×100

CommScope forsees CBRS taking shape

Categories

Top Posts & Pages

  • Zyter launches smart hospital solution
    Zyter launches smart hospital solution
  • Mobilitie to deploy 5G network at University of Cincinnati
    Mobilitie to deploy 5G network at University of Cincinnati
  • Schneider Electric deploys its EcoStruxure Workplace system in three of its UK offices
    Schneider Electric deploys its EcoStruxure Workplace system in three of its UK offices

RSS Enterprise IoT Insights

  • Verizon Ventures invests in Israeli security startup Vdoo
  • Federated Wireless on 2021: CBRS-based 5G takes hold – as Wi-Fi 6 is ‘dead on arrival’
  • Vodafone on 2021: IoT, 5G, MEC – and the move to performant industrial networking

Recent Posts

  • Schneider Electric deploys its EcoStruxure Workplace system in three of its UK offices
  • Nova Southeastern University, Mobilitie partner to deploy campus-wide 5G coverage
  • LineMetrics, Actility to launch smart building solutions in three European markets

Archives

Tweets by InBuildingTech
  • RCR Wireless News
  • Enterprise IoT
  • Editorial Calendar
  • Advertise
  • Webinars
  • Reports
  • White Papers
  • Subscribe

Copyright © 2021 • Arden Media Company, LLC

This site uses cookies to improve and personalize your experience and to display advertisements. This site may also include cookies from third parties. By using this site you consent to the use of cookies.AcceptPrivacy Policy