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HMB Represents Hyde Park Angels in Lead Investment in Chicago-Based Smart Building Startup

08/25/2020
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Cohesion, a Chicago-based startup which makes a SaaS platform for building managers, announced that it raised $6.5 million in a funding round led by HPA, with participation from Frasers Property Group, investment firm CMT and a host of individual angel investors. HMB represented Hyde Park Angels (HPA) in their lead investment and congratulates HPA on the closing.

HPA's people-first approach provides unique value to entrepreneurs and investors. With HPA's investment, Cohesion can continue to give building managers insight into how tenants use building spaces, which can be useful in helping them learn where to sanitize and prevent the spread of COVID-19 as workers begin coming back to offices. Cohesion employs 11 people in Chicago, 14 people in India and is looking to fill 25 full-time positions across its product development, sales, marketing, implementation and customer success departments.

You can read the full press release by American Inno here.

HMB's team was led by Corporate Partners James L. Jerue and Renee A. Rossi. Learn more about HMB's Venture Capital and Emerging Companies practice here.

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