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Sydney-based technology company, Avani Solutions, will use its recent investment funding to enhance its platform’s ability to reduce inefficiencies in the property management process.
The smart building efficiency platform Avani Solutions has secured a $4.4 million investment from proptech innovation incubator EGX to help address the global property industry’s contribution to global emissions.
The Avani platform uses live data from building systems and sensors to help property owners and managers reduce their buildings’ carbon footprint by eliminating wasted resources and enhancing operational efficiency.
Funding from EGX will enhance the Avani platform’s algorithms and integrated platform, improving sustainability and addressing rising cost pressures in the property industry.
Avani Solutions CEO, Nicolette Maury, said property owners and operators are under “immense pressure” to balance cost control with environmental accountability and carbon reduction targets.
“By enhancing our technology platform, we can ensure it remains cutting-edge and capable of meeting evolving customer needs in an increasingly complex market, deepening our value proposition and extending our market leadership,” Maury said.
While the company recorded a 54 per cent revenue increase in the past 12 months, the funds will secure Avani’s future expansion as it plans to enter global markets such as the UK and Europe.
Avani’s estimates show that the industry inefficiencies could cost property owners and managers approximately $200 billion annually.
The company further noted that data-saving solutions have the potential to yield savings of up to $77 billion by optimising operations and reducing inefficiencies in the property management process.
“By expanding this innovation into new markets, this funding will also enable us to accelerate our mission to make sustainable, efficient property management more available for property owners across Australia and globally,” Maury said.
EGX CEO, Adam Geha, said the company was proud to support Avani Solutions and its goal of driving financial savings and environmental outcomes for the property sector.
“This investment aligns perfectly with our commitment to backing innovative solutions that deliver lasting positive impact across the industry,” Geha said.
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