Deals round-up | AskPorter, Yoti, Teralytics, Spaceflow
AI property management platform AskPorter has raised £1.5m in its latest seed round.
Investments in this round came from VC firms Plug and Play, Venture University, and Pi Labs. Previous investors also include Google who took an undisclosed equity stake.
Last year, the company raised £500,000 in its initial seed round. Tom Shrive, AskPorter’s CEO, said: “Our success raising £1.5m investment reflects wider changes sweeping the property industry. Looking to the future, well-run properties will largely be managed by an AI assistant that has all the context of an actual manager and complete data transparency, freeing them up to focus on delivering value-added, human-touch experience to occupants.”
“AskPorter’s technology already reduces the time spent managing a maintenance task from an average of 45 minutes to only 3 minutes. Over the next 6-12 months, we will emulate these savings across the entire property management spectrum.”
The money will be used to develop product.
London-based digital identity platform Yoti has raised £8m from CEO and co-founder Robin Tombs, Yoti employees, and existing private investors. This latest round of funding gives the company a valuation of £82m after its two previous investment rounds.
Yoti is used in the property industry by architects, surveyors, contractors and building managers for its e-signature service Yoti Sign. This allows people to forego paper trails and keeps documents mobile. It currently works with social media site Yubo to prove the age of its users, and with Heathrow Airport to explore the potential use of biometrics for future travel.
The investment will be used to grow Yoti’s consumer base and work with more businesses globally.
Mobility analytics company Teralytics is the subject of a $17.5m investment led by Robert Bosch Venture Capital.
Other investors include Deutsche Bahn Digital Ventures, Innogy Ventures, LBBW Venture Capital, Liil Ventures, Atomico and Lakestar.
Teralytics is currently working to build a platform to understand human mobility on a population scale and then analyse that data. It works by receiving anonymised cell tower information from mobile phones via the telecom network. Teralytics then turns the data into aggregated mobility behaviour of groups of people.
Teralytics said that this information can be used by the transport sector to deal with problems that have arisen out of modern mobility, such as congestion and traffic safety.
The firm will use the investment to expand its reach and cover over a billion journeys, whilst also expanding to become a global marketplace for mobility insights.
Community platform Spaceflow has raised $1.8m in its latest funding round, led by VC firm Crudo Ventures. Day One Capital and UP2 also participated.
Spaceflow is a ‘plug and play’ tenant experience and community engagement platform that connects its users to amenities, services, and community life. It also allows landlords and building operators to offer the tenant a ‘space-as-a-service’ experience.
It aims to use this investment to achieve its strategic growth goals across the USA and UK, expand its product development team and continue to refine its platform and service offerings.