Commonplace Digital secures £2.1m led by Beringea to fuel expansion
The funding round was led by Beringea with participation from Grosvenor Property UK, The Conduit Impact Fund, Concrete Ventures, Oxford Innovation Finance and Foundation Ventures.
Commonplace Digital operates a citizen engagement platform that utilises rich data gathering to support planning and built environment projects. The digital tool helps developers and local government collect insights from local communities.
Commonplace Digital has secured £2.1m in a new funding round led by transatlantic venture capital firm Beringea. Additional participation came from Grosvenor Property UK, The Conduit Impact Fund, Concrete Ventures, Oxford Innovation Finance, and Foundation Ventures.
The capital will be used to fuel the company's continued expansion and enable its growing client base to demonstrate the positive social impact of their work. Commonplace provides a digital platform for place and infrastructure developers, local government, and consultancies to collect data from key stakeholders.
From the founder
"We’re super excited to be joining forces with these leaders in placemaking and proptech to accelerate our mission to inspire thriving places, powered by insights and collaboration. Moving beyond our sector’s aspiration to deliver social value, our work will allow users to define, plan for, target and then evidence the positive impact their buildings and places have on those who live and work in them. Just as environmental measurement frameworks are now supporting our decarbonisation journey, Commonplace’s increased product focus on social value will become a critical support to analyse and understand the ‘S’ in ESG."
Mike Saunders
Co-founder and CEO at Commonplace Digital
Investor perspective
"Commonplace is the enabler of true citizen engagement. Its software enables all levels of government and organisations to listen to the voices of their citizens, customers, and communities, wherever they are. We are excited to be supporting Mike and his team on their journey."
Eyal Malinger
Investment Director, Beringea
Use of funds
- 01Expand into international markets
Investors
Eyal Malinger
Beringea
Grosvenor Property UK
The Conduit Impact Fund
Concrete Ventures
Oxford Innovation Finance
Foundation Ventures
Categories
About the company
Commonplace Digital
A citizen engagement platform providing community data insights for the built environment.