The seed follow on round was led by Triple Point with participation from Pi Labs and M7 Structura.
"Our vision is for a world unencumbered by disparate information and our property licensing product is a clear example of how we help businesses stay compliant, save time, save money while raising housing standards at the same time. Through our product we can assess all licensing needs, drawing information from multiple sources and presenting it as usable data on one platform. Our guiding principle is to make renting safer for everyone and with more people working from home, and a correlation between housing overcrowding and the faster spread of COVID-19, property compliance is of huge importance."
— Orla Shields, Chief Executive Officer and co-founder
The funding round was led by Ascension Ventures and will support team growth across research and development, operations, and sales.
"The rental market has used old credit check methods to assess whether a tenant can afford to pay. We need to stop imposing an unfair “tenant tax” on consumers and stop giving landlords false confidence – it’s time the market used a solution that’s fair for both sides and prioritises giving an accurate assessment. The pandemic is compounding this problem and has reinforced the need for a robust due diligence tool."
The investment round will support the company as it prepares to launch a new real estate product.
"Vauban is breaking down barriers as an innovative investment platform and trusted wealth management tool. Our goal is to provide an alternative model for capital flows, making investment an attainable and agile process. This Seed round will help support our rapid growth, which has been driven by an increase in VC funds, private equity companies and HNWI looking for ways to securely contain and deploy their capital."
BGF led the round with participation from 24Haymarket to support US expansion and site growth.
"Our technology platform harnesses iPSC technology to develop models that are transformational for drug discovery. We have gained significant commercial momentum in recent years, and this investment will be a significant driver of continued growth for DefiniGEN. We’re thrilled to be working with BGF, who understand the complex issues that we are addressing and are committed to helping us accelerate the next phase of growth."
