London-based startup Qualis Flow attracts seed funding to tackle environmental risk in the construction sector
Investment indicative of the wider demand for tech solutions addressing environmental and sustainability challenges
London, 27 June 2019: Qualis Flow, the environmental management platform that tracks, monitors, and predicts project environmental risk, has raised £725,000 in seed funding. This round of investment is being led by Pi Labs, the proptech VC specialist, alongside Entrepreneur First, MMC Ventures and Rising Tide Europe.
Founded by Brittany Harris and Jade Cohen, two ex-construction professionals, Qualis Flow aims to drastically reduce the impact construction work has on the local and global environment. Qualis Flow’s cloud-based platform accelerates the ability of teams to monitor and forecast the environmental risk of construction projects, reducing the overall carbon footprint and disruption to local communities and helps contractors reduce project delays and avoid penalties otherwise imposed for non-compliance .
This new capital injection will be used to accelerate product development, improving Qualis Flow’s platform which automates data capture and analysis for key compliance areas. This dramatically reduces the need for manual data handling, meaning overall project management costs are reduced and teams are able to focus on value-add activities.
The funding will also be used to expand the current team of six to 12, who will be deploying additional trials in July to further stress test the platform, target high profile contractors, and prepare for Qualis Flow’s European expansion. Early adopters of the platform include Canary Wharf Contractors, the world leaders in high-quality developments and the team behind some of London’s largest office complexes.
Jade Cohen / Brittany Harris, co-founders of Qualis Flow, commented ‘The construction industry has been reliant on manual project management processes for far too long. We’re thrilled to have secured investment from some of the leading players in Europe’s proptech ecosystem who are backing our vision of a digitised, environmentally conscious construction sector.’
Faisal Butt, founder and CEO of Pi Labs, added: ‘Sustainability isn’t a buzzword or a trend that is set to disappear, nor should it be. The construction industry is one of the most energy intensive in the world and contributes significantly to carbon dioxide emissions. Pi Labs is proud to be part of Brittany and Jade’s mission to reduce the environmental impact of this antiquated industry.
‘Our investment in QFlow is part of a wider strategy for Pi Labs to invest in ConTech start-ups in Europe and globally. We see Construction as a large global industry that will see considerable innovation over the next five years, and we aim to be at the forefront of this change as the sector evolves’
About Qualis Flow
Qflow is a cloud-based software for monitoring and forecasting environmental risk in construction. It automates the data capture and analysis for key compliance areas, eliminating the need for manual data handling, enabling teams to focus on value-add activities.
About Pi Labs
Pi Labs is Europe’s first VC firm to focus exclusively on proptech investments. It has established itself as a pre-eminent global leader in the early stage domain in this vertical. To date, it has made 45 investments including Airsorted, Land Insight and Plentific. Pi Labs is global in its focus – it has backed founders from 25 different nationalities. To date, its portfolio companies have raised over $140m.
About Entrepreneur First
Entrepreneur First (EF) is a talent investor, founded in London in 2011 by Matt Clifford and Alice Bentinck to support the world’s most ambitious individuals to build globally important companies.
EF’s bespoke programme, the first of its kind in the world, invests time and money in outstanding individuals, helping them to find a co-founder, develop an idea and create a high-growth technology company from scratch. To date, EF has helped over 1,200 individuals build more than 200 companies, with a total valuation of US$1.5 billion. EF’s companies have been funded by many of the leading venture investors in Europe, Asia and Silicon Valley.
EF itself is backed by some of the world’s best investors, including the founders of LinkedIn, DeepMind and PayPal and runs cohorts in London, Singapore, Hong Kong, Berlin, Paris and Bangalore. Major exits to date include Avocarrot, Represent, Bloomsbury AI, and Magic Pony – which sold to Twitter for a reported $150m just 18 months after the founders met on EF.
For more information visit https://www.joinef.com/
About MMC Ventures
MMC Ventures is a research-led venture capital firm that has backed over 60 early-stage, high-growth technology companies since 2000. Its dedicated research function provides a deep and differentiated understanding of emerging technologies and sector dynamics, supporting early stage companies through the life of MMC’s investment.
MMC helps to catalyse the growth of enterprise software and consumer internet companies that have the potential to disrupt large markets. The Fund has one of the largest software-as-a-service (SaaS) portfolios in Europe, with recent exits including CloudSense, Invenias and NewVoiceMedia.
MMC’s dynamic consumer portfolio includes several of the UK’s favourite companies, including Bloom & Wild, Gousto and Interactive Investor.
Explore MMC’s cutting-edge research at mmcventures.com.
About Rising Tide Europe
Rising Tide Europe (www.risingtide.eu) is leading a global movement to increase women’s participation in angel investing as an asset class. The programme combines learning, investing and networking. We are over 250 women investors from 50+ countries. The Rising Tide Europe programmes started in 2015 as a cooperation between EBAN, GoBeyond and the Next Wave Foundation.