Braemar et al. back Sefaira

The investment had already been underwritten in March this year, according to Sefaira.

The company has several new products to announce in the remaining months of 2013. The investment by its existing consortium of backers will allow Sefaira to continue further product development.

Previous funding
In April 2012, Sefaira secured a $10.8m series-A investment from Braemar, Chrysalix and Hermes.

Company
Founded in 2009, Sefaira has bases in London and New York. The company employs 50 staff and expects to generate revenues of $1.5m in 2013.

Sefaira provides cloud-based energy efficiency software for architects, aiding the design of highly sustainable buildings. The company claims its software allows architects to analyse and compare multiple building strategies much quicker and at a far cheaper cost.

The company's software can quantify and optimise the energy, water and carbon benefits of certain design strategies, which claims to help architects minimise energy and water use when designing buildings.

People
Mads Jensen is the CEO of Sefaira. In conjunction with the funding round, Sefaira has announced that former Oracle Corporation senior vice president Philip Crawford has joined the company's board of directors as chairman.

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• Topics
• UK / Ireland
• Expansion
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• United Kingdom
• Hermes GPE
• Silicon Valley Bank (SVB)