A new SEC filing revealed that the Cambridge, Mass. consultancy Sustainability Roundtable, Inc. (SR Inc.) raised about $1.2 million to help corporations green their facilities and operations, and learn how to run their businesses in an environmentally and socially responsible manner.
With a special focus on energy efficiency and real estate, SR Inc. bills itself as a provider of “shared cost” research and consulting services to its members. According to the company’s LinkedIn page, their client-members include several private sector corporate real estate, tech and green building businesses including: Adobe Systems, Akamai, Autodesk, Gensler, Harvard University, IBM and Siemens Industry.
Notably, the United States General Services Administration (or GSA) is also one of SR Inc.’s Sustainable Corporate Real Estate Roundtable “members.” The GSA is the largest landlord in the U.S., according to a report from SR Inc., owning and leasing some 350 million square feet in 8,600 buildings through an estimated 2,200 communities nationwide, and giving it plenty of opportunities to move federal real estate toward greater efficiency either through retrofits or new technology.
Navitas Capital led the round, with participation from the Massachusetts Green Energy Fund (MGEF). According to a company statement, the funding will allow SR Inc. to scale its product portfolio in response to the growing market demand for its research and services and expand its business development. James Pettit, Managing Partner of Navitas Capital, will join SR Inc’s board of directors.