HomeUKInfogrid Raises Series B Extension

Infogrid Raises Series B Extension

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Infogrid, a London, UK-based building intelligence and analytics company, raised an undisclosed amount in Series B extension.

Backers included Keyframe CapitalĀ andĀ A/O. Existing investorsĀ NorthzoneĀ andĀ The Venture CollectiveĀ also participated. Four new directors have also been appointed to the board: Ben Birnbaum, Partner, Keyframe Capital; Gregory Dewerpe, Founder and chief investment officer, A/O; Stephen Goldstein, President of Kernel and former Deliveroo executive and Nick Shekerdemian, Founding partner, The Venture Collective.

The company intends to use the funds to expand operations and its business reach.

Led by CEO Kate Henningsen, Infogrid is a data and analytics company providing solutions to make every building smarter, more efficient, and more sustainable. Its AI-powered suite of products surface insights that empower real estate teams to reduce costs, decrease time spent on routine work, and find and act on opportunities to save energy and carbon.

Commenting on the news, Kate Henningsen said: ā€œInfogridā€™s growth to date coincides with a transformative moment for the built world. The companyā€™s technology future-proofs any building and delivers a solution not otherwise available in the market. Iā€™ve made decarbonising the world the goal of my professional life and Iā€™m thrilled to be joining Infogrid at this critical moment to help real estate organisations reduce their carbon footprint. As an industry, the built world now has a technology that can make an impact at scale, rather than addressing isolated issues. Climate is the problem of our generation to solve and by pursuing this opportunity, Infogrid has the potential to become a category-defining company.ā€

FinSMEs

24/04/2024

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