Grid Edge

Deals round-up | Grid Edge, LifeX, SimpleShowing

 | 

Chloé Vaughan

Grid Edge, a Birmingham-based company that helps control a building’s energy consumption, has raised £200,000 in its seed round led by BP Ventures. Goldacre also took part in the round.

The company, founded in 2016, claims to use AI to predict, control, and optimise energy use, working in tandem with building management systems.


 

LifeX Co Founders Ritu Jain And Sune Theodorsen

LifeX founders Ritu Jain and Sune Theodorsen

LifeX, a co-living platform for young professionals in Europe, has raised €7.5M in its seed round.

Angel investors David Helgason, founder of video game company Unity, and Hampus Jakobsson from developer TAT, led the round, along with investment from Cherry VC and Founders.

LifeX was born from a problem encountered by founders Ritu Jain and Sune Theodorsen: “While moving from San Francisco back to Copenhagen we struggled to find a place to call home. In the end we decided to try and rent a big flat in the city centre and see if anyone was interested in sharing it.

“Now we have more than 50 co-living homes in six European cities: Copenhagen, Berlin, London, Munich, Vienna, and Paris. We are planning to grow to over 80 homes in seven cities by the end of the year.”


PropTech1

PropTech1’s senior team

PropTech1 Ventures, a venture capital fund focused on European real estate, has opened offices in London to manage investment in the British property technology scene.

The VC firm, which has its headquarters in Berlin along with additional offices in Munich and Zurich, invests between €200,000 and €3m in firms.

The UK office will be led by senior associate Jan Gierkes.


SimpleShowing Product

SimpleShowing, an Atlanta-based homebuying platform, has raised $1m. The raise was conducted via Republic, an investment portal.

The platform, led by founder Fred McGill, collects a 1% listing fee when the sale is closed. Customers shop online, schedule home tours, and access properties without a real estate agent.

Since launching in 2017, SimpleShowing has raised $1.5m in total. Angel investor Bill Smith, founder of Shipt.com, the same-day grocery delivery service bought by retail giant Target for $550m in December 2017.


Toggle Machine

Brooklyn-based robotics startup Toggle raised $3m led by Point72 Ventures’ AI Group.

Mark Cuban and Twenty Seven Ventures also participated. This follows a 2018 pre-seed round of $570,000 from Urban-X accelerator, Urban US, Accelerate NY from Empire State Development and Perl Street Capital

The startup creates robotics that build reinforcing bars for use on construction sites. The bars work inside steel or with wood to provide additional support for structures.

The technology is designed to work with other robotics and steel fabrication technology already on the market. According to Toggle, its technology makes fabrication five times faster than by traditional methods.

Your comments

Read our comments policy here