Shojin Property Partners secures £3m in Series A funding from a global pool of investors at a £49m valuation.
"As a business, we’re at a very exciting inflection point. Having made our first investment outside of the UK and with substantial resources in place, we’re ready to begin our scaleup journey. One of the challenges ‘concept’ startups face in the UK is that investors still undervalue high-potential businesses, insisting on profitability which in turn can stunt growth potential. Thankfully, Shojin is already a profitable business which is why we have made the decision to hire for growth while allocating £1.7m of the corporate raise to direct response digital marketing as we continue our growth."
NPIF, Mercia Equity Finance backed the follow-on round to support platform enhancements and job creation.
"By using [Bimsense’s] latest software, the design and construction industry will have access to a wider range of tools to help improve building safety and deliver on our energy efficiency targets as we move towards a Net Zero economy."
The seed round was led by PactVC with backing from prominent figures in the food delivery and real estate sectors.
"In a world where we take Ubers and watch Netflix, we’ve accepted cooking as the norm for too long. Building on the success of food delivery apps, we are introducing a step change in how we eat. We transform high-order-volume restaurants into delivery powerhouses by making it very easy for them to scale through our satellite kitchen network. With technology and data at their fingertips, our restaurant partners are becoming fully delivery optimised, providing a consistent, affordable experience to their customers, in a sustainable way and in an environment where employees actually want to come to work,"
