Bimsense has taken its total funding to £1.8m, with a new £750k cash injection from NPIF Mercia Equity Finance.
The Hull-based proptech has created a platform to help companies comply with the Building Safety Act – which was introduced after the Grenfell Tower fire.
The software has been introduced in phases since its release last year and this latest tranche of funding will mean it can add new features to its Operance platform as new measures come into law.
“We are excited to secure this additional funding which supports our mission to manage the world’s building information and create safe, harmonious places for everyone,” explained Scott Pilgrim, Chief Product Officer at Bimsense.
“Our Operance platform has been at the forefront of innovation, helping companies meet the requirements of the new building safety regime efficiently. This funding will enable us to take it to the next level.”
Pilgrim and Ian Yeo founded the company 7 years ago, specialising in building information modelling (BIM).
Their platform is now used by housing authorities including Campden, Basildon and Harrow and construction firms including Kier, Higgins, United Living, Vermont and Rider Levett Bucknall.
“The Building Safety Act will bring about major changes in the construction and property industry and will drive uptake of digital technology,” added Maurice Disasi, Investment Manager at Mercia.
“Operance is the first platform that has been specifically designed to help firms meet the requirements of the Act. This latest funding will enable the company to add new features and expand its presence in an industry that is ripe for change.”
