Sydney startup CIM Enviro on mission to drive down energy waste secures $3 million but “didn’t even need the capital”

"A Sydney startup that is aiming to save its clients as much as $100 million in energy savings over the next five years has received $3 million in Series A funding to accelerate its growth.

However, CIM Enviro founder David Walsh says it’s not the money he was after when he accepted the funding from Capital Markets Cooperative Research Centre’s investment arm Capital Markets Technologies (CMT).

“We were very efficient with our capital over the years and had a very strong mindset to bootstrap it as long as we could,” Walsh tells StartupSmart." Read more

Dinushi Dias Startup Smart 8 Mar 2017