KOPE has secured £1.7m in seed investment, to build state-of-the-art construction software that will reduce the amount of manual labour within building sites; directly addressing inefficiencies in the supply chain and procurement process.
The newly completed seed round involves a consortium of high-profile investors, including executives at Halkin Private Capital, Goldman Sachs, Freshstream, Enscape, Ilke Homes and Recast, in addition to international corporate investors Addnode Group and Barton Malow Ventures.
COO and Co-Founder, David Flynn, says, “Thanks to this investment, a number of senior positions will be created across our Operations, Marketing and Product teams as we grow; it’s an incredibly exciting time for the business and we can’t wait to see what the next twelve months hold”.
This comes less than a year after the company closed its £350k pre-seed round, which accelerated the development of KOPE’s technology, including a cloud-based, multi-objective optimisation engine; a first in construction tech. This latest investment will be used to grow KOPE’s content library, develop extensive fabrication and drawing production tools, and create a marketplace for offsite construction systems and products.
By accelerating the adoption of Offsite Construction through broad design-to-manufacturing automation, allowing instant visibility and implementation of products supporting a low carbon, low resource agenda, KOPE has quickly grown in capability since its launch in 2020 and is now used by a series of contractors, manufacturers and volumetric-modular house builders.
CEO and Co-Founder, Mark Thorley, comments on the challenges currently faced within the construction industry, “When you combine an ageing workforce, a skills shortage, a housing crisis and poor environmental practices, you get an industry unable to sit on its hands. With KOPE, we are supporting those intent on solving those issues.”
He continues, “Our aim is to empower those building the world around us, to create a more sustainable and repeatable construction industry, by enabling the shift happening within the construction industry to move activities offsite.”
For more information on KOPE and its capabilities, visit www.kope.ai