The round was led by Beringea and backed by several prominent investors to accelerate market expansion.
"We are excited to welcome onboard some of the industry's leading investors as part of this fundraise and to have them support us on our mission to expand our market reach and help build better places. Commonplace is not only helping developers in gathering real-time feedback and public opinion, but also to reach those communities who wouldn't normally interact with application proposals. Boosting participation in community projects will empower positive engagement and help to build better cities and communities."
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.
"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."
The Series A round was led by existing backer ING Ventures with participation from JLL Spark, Blackstone, and Concrete Ventures.
"We are thrilled that companies like ING Ventures, JLL Spark, Blackstone and Concrete VCtook part in our latest funding round. Alongside existing investors like SURPLUS EquityPartners and M7 Real Estate, we have fantastic support as we continue to fulfil our missionof transforming data from a headache into an asset."
The seed round was led by Love Ventures with participation from Concrete Ventures and industry angels.
"Having developed a unique market-leading solution for the commercial property leasing process, we felt that the size of the opportunity to expand into new sectors and geographies warranted an influx of capital. In Love Ventures, Concrete Ventures and multiple industry-leading angels, we have got passionate, smart and supportive partners who we are thrilled to welcome aboard for the next phase of our journey."
Northzone led the Series A round to support the company as it accelerates international expansion.
"Until now, the lack of viable and scalable technology has meant that facilities management is one of the last industries to be enhanced by digitization, despite covering the world’s largest asset class. Infogrid’s end-to-end smart building system finally arms organizations with insight to take control and take action. This new era of insight and automation will bring about a positive impact on the efficiencies of businesses, the wellbeing of employees, and the environmental footprint of buildings."
