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1776 company that makes ‘Fitbit for buildings’ raises $5 million

By WTOP Staff

Aquicore, a D.C. energy software startup incubated by 1776, just closed a $5 million round of Series A funding.

The round was led by Falls Church-based private-equity firm Kiddar Capital and Silicon Valley venture firm Navitas Capital. The funding will help expand the reach of Aquicore’s cloud-based technology that enables operators of commercial buildings to analyze and curb electricity, water and gas usage in real time.

The technology is essentially a “Fitbit for buildings,” said Cheryl Foil, principal of technology and venture investments at Kiddar, founded by construction and real estate veteran Todd Hitt. The firm, which was part of a funding round for 1776 led by Steve Case in March, focuses on the intersection of smart technology and real estate, and invests about $20 million annually, she said.

Aquicore’s technology is easy to install and building managers can quickly track the impact of energy-saving efforts rather than waiting to see the bill at the end of the month, she added.

“When…

First Wharf apartments open for leasing in less than a week

By Washington Business Journal
Two apartment buildings within The Wharf on the Southwest D.C. waterfront, totaling nearly 650 units between them, will begin leasing, by appointment only, on May 15. Both are expected to welcome their first tenants in the fall, if not sooner. The Channel, the largest apartment building under construction in Greater Washington at 501 units, and Incanto, a luxury, 148-unit building, are both expected to open at roughly the same time as the rest of The Wharf's 12-acre first phase — although the Incanto website suggests its first residents might be able to move in by summer.
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