July 17, 2020
Cohesion, an early-stage smart building SaaS company headquartered in Chicago, raised $6.5 million in seed funding to further invest in its platform, designed to help commercial real estate operators integrate their buildings’ systems, enhance tenant experiences, and provide actionable insights.
Led by Hyde Park Angels (HPA), the seed round also includes investments from Singapore-based Frasers Property Group; Raj Gupta, executive chairman of ESD Global; Ken Griffin, Citadel founder and CEO; Michael Sacks, GCM Grosvenor CEO and chairman; global proprietary trading and investment firm CMT.
As part of the investment, Steve Koch, formerly global chair of M&A at Credit Suisse and HPA member, is joining Cohesion’s board of directors.
“COVID-19 has presented the commercial real estate industry with never-before-experienced pressure, forcing adaptation to reprioritized tenant needs of health and safety,” said Thru Shivakumar, Cohesion CEO. “Cohesion’s technology makes it much easier for owners and operators to meet this moment.”
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