Proptech platform SensorSuite inks funding from Hazelview

• The funds raised will be used by SensorSuite to drive product and market expansion
• SensorSuite also announced the appointment of Kristian Lavereau as its new CEO
• Hazelview Ventures is the venture capital arm of Hazelview Investments, a Canadian real estate investment firm

SensorSuite, a Toronto-based provider of building controls solutions provider, has secured an undisclosed investment from Hazelview Ventures.

The funds raised will be used by SensorSuite to drive product and market expansion.

SensorSuite’s other investors include Business Development Bank of Canada and Greensoil Building Investment Fund, managed by Greensoil Investments.

The company also announced the appointment of Kristian Lavereau as its new CEO.

“Having implemented SensorSuite’s controls platform within our building portfolio, we have seen firsthand the impact this technology can have to help us achieve sustainability goals while ensuring resident comfort remains a top priority” says Roger Poirier, co-founder of Hazelview Ventures, in a statement. “We are confident that SensorSuite will continue to play a pivotal role in helping organizations reach their sustainability goals, and we look forward to working with Kristian and his team.”

Hazelview Ventures is the venture capital arm of Hazelview Investments, a Canadian real estate investment firm. The arm invests in proptech, buildtech and cleantech companies.