A London-based startup has raised $4m for its mission to digitise the home renovations industry with an online marketplace.
Weaver aims to help architects and their clients save time and cut risks associated with renovations through its software, which carries out sourcing, pricing, contracting and paying contractors.
Behind the platform is an “extensive” network of vetted contractors to reduce the risk of renovations going wrong. All communication is carried out on the platform, and Weaver said it acts as a mediator if projects do go wrong.
The $4m seed funding round was led by European VC btov Partners, taking the startup’s fundraising to $5.5m.
Greg Keane, CEO and founder of Weaver, said: “We have been focused on building a platform for home renovation that not only serves an imminent need but will deliver even more value as we scale.
“Very few industries are as behind as the construction industry, and we are poised to become a game changer that can make home renovations much easier, less risky and more cost-effective for contractors, architects and homeowners alike.”
Name | Stockholm Exergi
Sector | Carbon capture
What it does | Stockholm Exergi is developing a carbon capture and storage plant in the Swedish capital to suck up 800,000 tonnes of CO2 per year.
Deal details | The EU Innovation Fund has backed Stockholm’s Exergi’s plans with €180m of funding. The deal comes soon after carbon capture startup Heirloom announced a $53m fundraise.
Why? | The latest UN climate report, released this week, identified carbon dioxide removal as necessary in limiting global warming to below 2ºC or 1.5ºC by 2100.
Name | Parcelly
Sector | Last-mile logistics
What it does | Parcelly operates a smartphone app that allows businesses to turn underused space into e-commerce storage and distribution hubs. The UK startup also offers related services, including online shops’ fulfilment processes and parcel processing.
Deal details | In a Series A funding round led by Scania Growth Capital, Parcelly raised $6.7m to expand across the US and continental Europe.
Why? | The startup has seen activity on its platforms grow 450%, year-on-year, as retailers look to repurpose space and offer better online delivery services.
Name | Goodlord
Sector | Residential
What it does | Manages the lettings process for agents, from payments to rent collection, insurance and industry insights
Deal details | The startup raised £27m in an investment round led by Highland Europe and supported by Columbia Lake Partners, Finch Capital, Latitude and Oxx.
Why? | Laurence Garrett, partner at Highland Europe, said: “Renting a property was once a complex, stressful transaction mired in paperwork and obscure fees for all parties. Goodlord’s software has completely transformed the experience, simplifying and streamlining each transaction and reducing the time taken to agree a rental to minutes, rather than weeks.”
Name | Vogl
Sector | Flexible workspace
What it does | Founded by former WeWork senior director Salman Saeed, the Norwegian company advises businesses on leasing offices with flexible terms.
Deal details | Vogl – formerly Flexspace – raised €1.3m from private investors, which it will use to expand to Stockholm
Why? | The company sees a gap in the agency market for specifically helping businesses find flexible offices that suit them