Deals round-up | Fieldwire, Coadjute, HqO, Deckard
US-based Fieldwire, which provides task management software for construction teams on commercial projects, has raised $33m in its Series C funding round.
This round was led by Menlo Ventures, joined by Brick & Mortar Ventures, Hilti Group, and Formation 8. The total raised by Fieldwire is $40.4m.
Fieldwire is set to use this funding to grow further into Europe also Australia.
Coadjute, a network for decentralised workflow and data sharing, has raised £750,000 in its latest seed round. The round was led by an undisclosed investor, understood to be a leader in enterprise blockchain.
The firm, previously called Instant Property Network, aims to optimise the entire property value chain from construction to management based on blockchain.
This comes off the back of its platform pilot which involved 40 organisations including Barclays and Royal Bank of Scotland. This trial showed that Coadjute’s offer can reduce the time to buy or sell a property from there months to three weeks.
The funds raised are to be used in developing two pieces of distributed ledger technology, Coadjute Quality Chain, which will optimise and track construction projects from beginning to end, and Coadjute Instant Property, to smooth the mortgage and home buying process.
Tenant experience software HqO has announced strategic real estate investment partnerships with Bulfinch Companies, GZ Real Estate Partners, Intercontinental Real Estate Corp, and Jiaming Investment America.
In June, HqO announced a $6m funding round, which brought its total to $19m. It surpassed 53m sq ft of commercial office space as part of its platform in less than two years of operation.
Meanwhile, Dr Jim Butler, formerly head of technology for global supply platforms at Verizon Media, has joined HqO as CTO.
Qdesq, one of India’s largest flex-space technology platforms, has received an undisclosed investment from JLL Spark, the VC arm of real estate consultancy firm JLL. This marks JLL Spark’s first India-specific investment.
Odesq plans to use this investment for building analytics capabilities of its technology platform to allow enterprises to better establish their future real estate footprint. It will also allow commercial asset owners to create viable co-working and flex spaces within commercial complexes.
Deckard Technologies, a data mining company that works in real estate to provide insight for communities, has received $500,000 investment on top of its seed funding.
Loeb Industries was the lead investor in both rounds. This additional investment brings the total amount raised to $4m.
Deckard plans to use this investment to expand its offerings to include both a tax analysis product and Rentalscape, which quantifies short-term vacation rentals and fees.
Commercial real estate platform Biproxi has raised $10m in its seed round led by Greycroft.
Nemmark Knight Frank, RPM Ventures and the National Association of Realtors also participated.
Biproxi is set to use the money to expand its platform offer and provide financing on deals and charge for some of its data products. It is also to be used to reach more of the untapped real estate market.