Q1 2025 Update
As a reminder, Cadence OneFive is building a B2B SaaS-enabled marketplace for decarbonizing multifamily buildings—a $300B market in the making. We streamline retrofit workflows, deliver hard-to-acquire market data (including pricing), and match shovel-ready projects with capable specialist contractors. Our current customers include the Related Companies, ConEdison’s rebate program in NY, and NY State’s multifamily electrification program.
Vitals
Section titled “Vitals”- Subscription Annual Run Rate: $1.3m
- Cumulative transactional revenue: $35k
- Average monthly net burn: $92k
- Runway in months: 12+
2024 Highlights
Section titled “2024 Highlights”Major UI upgrade successfully launched. In March, we deployed a significant platform refresh that improves user experience while enabling important enterprise features like co-branding capabilities. This upgrade establishes a more consistent design language, makes the platform more accessible to new users, and creates a foundation for faster feature development moving forward.
NYSERDA Building Data Platform contract signed. We’ve officially secured this strategic contract, establishing Cadence OneFive as New York State’s official building data platform. This partnership provides resources to enhance our database infrastructure and broadens our market reach while strengthening our position as the trusted data provider for decarbonization efforts across the state.
Continued partnership with ConEdison and Willdan. We finalized our 2025 renewal with ConEdison, securing $1M in revenue for the year. The renewal includes expanded use of our platform for projects and RFPs, reflecting their increasing reliance on our technology for program management.
Challenges
Section titled “Challenges”The Greenhouse Gas Reduction Fund’s rollout has stalled. While initially expected to catalyze national expansion opportunities, these delays have prompted us to double down on our strong position in the New York market, where regulatory momentum remains robust and our expertise is unmatched. This approach allows us to continue growing while we monitor federal developments.
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