The financing round comprises £10m in equity led by Citibank and £20m in debt from NatWest.
"Electronics brands are increasingly moving beyond one-time sales and toward subscription-first models. Our partnership with LG marks a key step in that transition, delivering clear value for both electronics brands and customers whilst expanding our category offering with a true global leader. It’s been great working with the LG team to bring this to market, and we’re excited about scaling the partnership together."
The Series B round was led by Brighton Park Capital and brings the company total funding to $75m.
"We actually started in 2018, working with satellite imagery and real estate data before the LLM boom. But as we developed our AI capabilities, we started looking at where they could have the most impact. That led us to real estate legal work. Real estate is the world’s largest asset class, but the legal work underpinning it was stuck in the past. Lawyers spend days combing through hundreds of pages, trawling for specific risks. It’s unprofitable for firms, expensive for clients, and frankly inefficient for everyone involved."
Sofina led the round with participation from Balderton Capital to support product development and market expansion.
"This round is a strong endorsement of our progress and our mission to modernise transport management. Since our Series A we’ve grown revenue, customers and team at an exceptional pace, while remaining highly capital efficient. The Series B funding allows us to continue investing and grow the team so that we can keep offering the same level of customer service."
