Building connectivity solution, Node, has won a place on the prestigious proptech residency run by the dedicated venture capital fund in London.
Node will work alongside Concrete’s property investors including Nuveen, Starwood Capital Group, Hammerson, U+I and JLL Spark, as well as accessing an extensive network of professionals who will facilitate further funding and assist the company in scaling rapidly.
Founded in 2017 by Doug Ward, Shaun Gibson, Paul Crookes and Dave Walker, Node has developed a simple connectivity solution and data security platform for the real estate industry. Node has been used by Allied London, Legal & General, Fore Partnership, Bruntwood, All+ and Schroders.
“Node’s ambition is to be the default technology solution for developers, delivering hassle-free and secure connectivity,” said Doug Ward.
“With 35 million commercial buildings globally, the opportunity to take and own the space in this market is huge.”
Node said the residency will support its next stage of expansion and is critical to delivering on its growth ambitions. The company has already delivered proof of concept solutions on a number of flagship buildings.
During the residency, Node will focus on business development, evolving its product portfolio and preparing for international expansion.
Over the next six months, the firm hopes to secure “a significant funding deal with a large asset manager and roll Node out across their property portfolio.”
Ward added: “Shaun, Dave, Paul and I are excited to introduce Node to more of the biggest landowners in the UK and work with Concrete to execute our international expansion plans.
“Having an existing ecosystem of experts, who can assist us in accelerating our growth and realise our vision is a really exciting prospect.”
Based at Fora Clerkenwell in central London, Concrete VC provides fast-growth proptech startups with six months of space, networking and investment opportunities, and access to events and media.
Concrete VC said: “We are very excited to have launched the Concrete Proptech Residency @ Fora with JLL Spark. We have chosen a group of game changing startups that are tackling key problems within the commercial real estate sphere and have demonstrated strong commercial traction.
“Our philosophy is that collaboration can produce exponentially greater results than working in silo. For this reason, the Residency members will work together in a dedicated area of Fora, a beautifully designed workspace, in their Central St, Clerkenwell location.
“We are proud to accept and support Node as one of our residents and look forward to being a part of their exciting mission to transform global telecoms and connectivity.”
Other startups joining the residency include:
- Aphex, construction planning platform
- Doordeck, keyless building access control
- Plan Radar, task management and collaboration in development
- Vivahouse, prefabricated coliving housing provider
- and Gyana, human mobility insights to improve location decisions
Concrete VC told PlaceTech that it is currently in talks with further companies to join the cohort in the coming weeks.