Coatue led a $30m Series B round in Cove.Tool.

Coatue, a global investment manager focused on public and private companies in the technology, media and telecommunications industries, led a $30m Series B round in Cove.Tool, an automated design platform for intelligent building performance, with participation from FootPrint Coalition, Mucker Capital, and Knoll Ventures. “Buildings’ operations and their construction are one of the largest contributors to carbon emissions annually. As the effects of climate change intensify and countries target net-zero emissions by 2050, the AEC industry needs new, data-driven tools to build affordable, net-zero buildings. We are thrilled to have Coatue and FootPrint Coalition on board to support our mission to democratize access to sustainable building data and empower the AEC industry with new tools that streamline building and design processes, enhance collaboration and improve project outcomes,” Sandeep Ahuja, Cove.Tool Co-Founder and CEO.