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DC-Based Paladin Capital Group Invests in BuildingIQ

Paladin Capital Group, a DC-based private equity firm, said it has invested in San Francisco-based BuildingIQ, a developer of building energy management software, as part of the company's new $9 million round. Aster Capital and Siemens Venture Capital also participated in the round, which the company will use to carry out energy efficiency projects for a growing pipeline of commercial buildings in North America and Australia. BuildingIQ's predictive energy optimization technology is designed to reduce peak and ongoing energy costs, helping facility owners, managers and occupants get more value out of their existing HVAC energy systems.

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