JadeTrack Raises $312K, Kickstarts Hiring for its Cloud-based Sustainability Management Solution

JadeTrack, a Columbus based startup that combines sustainability management with a cloud-based software platform, announced today that it has raised $312,500 in seed funding from angel investors to fuel the development of it’s technology and hire the necessary resources for expansion into markets across the United States.
In an economic climate where the price of electricity, gas, and water will redefine the way we do business, JadeTrack provides visibility into key operational metrics that lower utility costs, improves engagement, and drives long-term growth strategies.
Key features of the JadeTrack platform include:

• Real-time monitoring for electricity, water and gas usage
• Analytics designed to identify performance anomalies
• Utility bill reconciliation correlates real-time usage with monthly utility invoices
• Survey tools designed to maximize engagement

“We saw an opportunity to help customers gain better visibility and insight into how their organization’s operate. Sustainability is a driving factor of today’s global economy and companies around the world are investing in sustainability in an effort to enhance corporate social responsibility and manage costs” said Ryan Prestel, JadeTrack’s co-founder and CEO. “JadeTrack was designed to simplify the daunting process of capturing, analyzing and reporting on facility resource consumption.”
Over the past 12 months, JadeTrack has helped two large Ohio school districts implement these capabilities in over 50 buildings, which is driving an anticipated $250,000 in savings. JadeTrack uses automation and highly visual, real-time monitoring and alerting to allow facilities leaders to simplify the way they understand and mitigate escalating utility costs.