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- Noda
Noda Funding, Investors & Competitors
Noda has raised $120M across 3 funding rounds, most recently a $13M Series B in April 2024.
Last Noda funding round
$13M
Series B · Apr 2024
Cumulative funding Noda raised
$120M
across 3 funding rounds
Key investors in Noda
Northzone
The Venture Collective
JLL Spark
SoftBank Group
noa
SignalRank
Committed Capital
Keyframe Capital Partners
About Noda
Noda is a London-headquartered proptech company that retrofits buildings with IoT sensors and AI analytics to automate HVAC, lighting, and occupancy management. Rebranded from Infogrid in 2023, the platform integrates with BMS like Honeywell and Schneider Electric, serving commercial portfolios for clients such as British Land. Noda processes data from thousands of sensors per site for fault detection.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Noda Funding History
Noda has raised a total of $120M across 3 funding rounds.
Noda's first fundraising round was a $16M Series A in November 2020. The most recent completed round was a $13M Series B in April 2024.
Noda funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2024 | Series B | Keyframe Capital Partners (lead); noa (lead); The Venture Collective; Northzone | $13M | Noda raised $13 million in a Series B - II funding round on April 22, 2024, with Keyframe Capital as a new investor. The round included participation from noa, Northzone, and The Venture Collective. This appears to be an extension round, similar to Infogrid's Series B extension co-led by Keyframe Capital and A/O (likely noa) with the same investors. No details on Noda's business, products, traction metrics, market context, or use of funds were available in the sources. |
| Apr 2023 | Series B | Northzone (lead); JLL Spark; Pictet Private Equity Investors S.A.; SoftBank Group; Committed Capital; The Venture Collective; Original Capital; SignalRank | $91M | - |
| Nov 2020 | Series A | Northzone (lead); JLL Spark; Jigsaw VC; Concrete Venture Capital; The Venture Collective; Blue Impact Ventures | $16M | - |
Who has invested in Noda?
13 investors have backed Noda across its funding rounds, including Northzone, The Venture Collective, JLL Spark, SoftBank Group, noa and SignalRank.
Lead investors include Keyframe Capital Partners, noa and Northzone.
Noda Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Nov 2020 | ||
| 3 | Lead | Nov 2020 | ||
| 2 | Participant | Nov 2020 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Participant | Nov 2020 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Lead | Apr 2024 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Participant | Nov 2020 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Lead | Apr 2024 | ||
This data is available for Pro users. Sign up to see all 13 Noda investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Noda
Noda has acquired 1 company to date.
Last acquisition by Noda was on November 2nd 2022. Noda acquired Aquicore for $43M.
Latest Acquisitions by Noda
| Description | Aquicore is a New York-headquartered proptech company delivering a SaaS platform for commercial real estate asset operations. The platform integrates real-time building data from IoT sensors, energy management systems, and occupancy trackers to enable predictive maintenance, space utilization analytics, and lease abstraction. Adopted by over 1 billion square feet of properties, it serves institutional owners including PGIM Real Estate and BentallGreenOak, optimizing net operating income through automated workflows and ESG reporting features launched in 2022. |
| HQ Country | |
| HQ City | Washington, DC |
| Deal Date | 2 Nov 2022 |
| Valuation | $43M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Noda acquisitions and their M&A valuation multiples. Start Free Trial | |
Noda Competitors
Noda competitors include listed companies like Tempus AI, iFlytek, UiPath and SenseTime Group, and private ones like MEGVII and Terminus Technologies.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $183M | - | $4B | 21.9x | ||
| Publicly listed | $1.3B | ($131M) | $15B | 10.1x | ||
| Publicly listed | $4B | $465M | $14B | 3.4x | ||
| Publicly listed | $1.6B | $70M | $7.2B | 3.5x | ||
| Publicly listed | $748M | ($70M) | $6.2B | 5.8x | ||
| Private | - | - | $2.9B | - |
Noda Public Comps
Noda is still privately-owned, but its public comps include CrowdStrike, SAP, Salesforce, ServiceNow, Adobe, Johnson Controls, Datadog, Moody's, Workday and MongoDB.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $42B | $13B | 5.8x | 5.4x | 18.4x | 17.1x | |||
| $42B | $13B | 5.5x | 5.2x | 17.8x | 12.2x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
| $24B | $9.3B | 4.3x | 3.9x | 10.9x | 8.2x | |||
| $24B | $3B | 4.0x | 3.7x | 31.0x | 20.0x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
| $7.7B | $3.8B | 11.2x | 10.6x | 22.5x | 20.1x | |||
This data is available for Pro users. Sign up to see all Noda competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Noda
| When was Noda founded? | Noda was founded in 2018. |
| Where is Noda headquartered? | Noda is headquartered in Washington, DC, United States. |
| Is Noda publicly listed? | No, Noda is a private, VC-backed company. |
| How much funding has Noda raised? | Noda has raised $120M across 3 funding rounds. |
| What was Noda's last funding round? | Noda's last funding round was a $13M Series B in April 2024, led by Keyframe Capital Partners and noa. |
| Who are Noda's investors? | Noda's investors include The Venture Collective, Northzone, JLL Spark, Pictet Private Equity Investors S.A., Jigsaw VC, SoftBank Group, Keyframe Capital Partners, Committed Capital, Concrete Venture Capital, Original Capital and 3 others. |
| Which companies are comparable to Noda? | Companies comparable to Noda include MEGVII, Tempus AI, iFlytek, UiPath, SenseTime Group and Terminus Technologies. |
| How many companies has Noda acquired? | Noda has acquired 1 company, including Aquicore. |
| What was the largest acquisition by Noda? | The $43M acquisition of Aquicore in November 2022 is the largest acquisition Noda has made to date. |
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