ENTOUCH, a Richardson-based provider of energy management solutions for multisite operators, has completed a $50 million funding round led by Florida-based Respida Capital.
“This is a tremendously validating and exciting opportunity for ENTOUCH,” CEO Jon Bolen said in a statement. “Our team has worked so hard to build the best, most customer centric energy management company in the industry. Partnering with Respida Capital expands our horizons and will allow us to accelerate the impact of our solutions and deliver even more value to our customers. With Respida’s demonstrated expertise in the multisite space and a unified vision to digitize facilities management, I am confident we have dramatically improved our ability to drive measurable sustainability and operational excellence in the built environment.”
ENTOUCH said the infusion of capital follows another record-breaking year for the company and will further accelerate its product development and go-to-market efforts. ENTOUCH said it has experienced rapid growth, driven by its ability to drive energy savings, operational efficiencies, and sustainability initiatives for multisite operators across retail, hospitality, banking, entertainment, fitness, healthcare, and senior living.
“We’re thrilled to be part of this exciting journey with ENTOUCH,” James Zubok, founder and managing member of Respida Capital, said in a statement. “We’re very impressed by what ENTOUCH has accomplished to date. We look forward to working together to accelerate the ENTOUCH growth trajectory by developing new product offerings and expanding the client value proposition.”
Founded in 2008, ENTOUCH is a leader in energy management as a service and smart building technology. It said it creates “a path to a healthier planet” by delivering sustainable solutions that reduce energy usage, drive profitability, and simplify facility management for multisite operators.
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