Q-Bot secures follow-on investment led by ClearlySo to scale its robotics platform
The funding round was led by ClearlySo with participation from Wroxhall, Minerva, and Curious Capital.
Q-Bot develops robotics technology designed for surveying and insulating buildings to improve energy efficiency.
Q-Bot has secured a follow-on investment round led by ClearlySo, alongside Wroxhall, Minerva, and Curious Capital, to scale its market entry and expand its robotics platform. The company aims to use the fresh capital to accelerate growth and deliver energy-efficient home improvements to more customers. This new financing brings total funding secured since late 2015 to approximately £2m, including support from the EU Commission Horizon 2020 Programme.
Founded to modernise labour-intensive construction processes, Q-Bot deploys intelligent tools for remote inspection and property maintenance. Its initial application focuses on applying floor insulation in millions of European homes with suspended floors, offering a cost-effective alternative to traditional retrofit methods. The business has already gained traction among major social housing clients, including several municipal councils and housing associations.
From the founder
"The construction industry still relies on many labour intensive processes which have not changed for 100’s of years. Our vision is to create intelligent tools that empower people, upskilling the workforce, creating new jobs, making the operation safer, more productive and rewarding. We have built a great team, proven the technology works, demonstrated that customer’s value our offer, and we are now working with partners to scale this innovative new service across the UK, France and further afield. This investment provides a step change in our approach, whilst validating the potential of the business to transform the construction and energy industry into a multi-billion pound market."
Mathew Holloway
CEO & Co-Founder at Q-Bot
Investor perspective
"Our investor network, Clearly Social Angels, was pleased to invest in Q-Bot; a company that encapsulates so many aspects of what is important to us – improving people’s living conditions with a clever, cost-effective solution that the Housing Associations want to buy – led by a professional management team."
Matthew Vickerstaff
Head of Investment Banking, ClearlySo
Use of funds
- 01Expand into international markets
Investors
Categories
About the company
Q-Bot
Robotics provider for the construction and energy sectors