Ian brings advisory and board experience, including roles with NearSt, Grosvenor, and the University of Dundee. He is also the author of Career Chameleon: The Power of Adaptability in an Uncertain World.
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."
The investment round was led by Systemiq Capital with backing from Bridge Investment Group and Grosvenor.
"Jade and I love the construction industry, it literally builds the world around us. But for it to build the sustainable future we need, it must change and reduce its negative impacts on our planet. To us, it was clear we had to tackle our own industry to have a chance of leaving this world in a better place, and this is why we founded Qflow. We are thrilled with the investors that have joined us in this round. The support we’ve received from big players in the sector shows they also see the importance of changing processes and accelerating this transformation towards a more sustainable future."
The funding round was led by Ashcombe with backing from Grosvenor and PiLabs to support growth in the commercial real estate sector.
"This investment underlines the confidence that both the property industry and investors have in our technology as key to reducing the impact of buildings on climate change. Demand Logic is far and away the fastest route to net zero for property stakeholders. This funding, and the huge injection of domain expertise from our new Chair Gavin Starks, marks an upward change in gear for Demand Logic as we step up our intensity and determination to decarbonise the commercial real estate sector. We are now recruiting across all parts of the business, so please get in touch if you feel you have what it takes to help us."
