The Globe and Mail reports in its Monday edition that Maverix Private Equity and Telus's venture-capital arm have invested in KODE Labs Inc., a rapidly growing property software startup whose on-line platform is used by more than 100 commercial landlords to manage the myriad systems inside their buildings and cut their carbon emissions. The Globe's Sean Silcoff writes that Toronto-based Maverix led the $30-million (U.S.) financing, announced Monday, into Detroit-based KODE. The start-up was founded seven years ago by brothers Edi and Etrit Demaj, two refugees from Kosovo, and their long-time friend Gentrit Gojani, the chief technology officer. I Squared Capital, which led the company's previous financing in 2022, also invested. KODE has experienced average annual recurring revenue growth of 200 per cent since 2021 and is on track to reach $20-million (U.S.). Clients include QuadReal Property and Oxford Properties, which are the real estate arms of Canadian pension giants B.C. Investment Management Corp. and Ontario Municipal Employees Retirement System (OMERS), as well as Hines, Ford Motor and GWL Realty. Clients use its platform to manage more than 2,000 buildings combined. It is the fourth investment by Maverix.