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Coatue, Robert Downey Jr. fund cove.tool’s design tools for sustainable building


While there is plenty of technology out there to help make a building more sustainable, the ability to incorporate features into its design can be easier said than done.
Enter cove.tool, a startup that wants to make sure buildings are sustainable by design from the moment of inception. The Atlanta-based startup, which has raised $30 million in a Series B round of funding led by Coatue, claims that in 2021, its software helped design and construction professionals avoid 5x more carbon than Tesla. 
Robert Downey Jr.’s FootPrint Coalition also participated in the financing, along with existing backers Mucker Capital, Urban Us and Knoll Ventures. The round was pre-emptive, according to CEO and co-founder Sandeep Ahuja, and brings the company’s total raised to $36.5 million. …

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