Offsite construction software company KOPE has successfully raised £5.5m in seed funding, with Socii Capital leading the investment. The funding will be utilised to further develop KOPE’s purpose-built platform for offsite construction, aiming to accelerate the industry’s shift away from traditional methods
The £5.5m seed round also includes participants Autodesk, Saint-Gobain, Barton Malow Ventures, Halkin Private Capital and Luck Investment. As the construction sector faces challenges such as material shortages, rising prices, an ageing workforce and a rising carbon footprint, KOPE offers unrivalled integration with the offsite construction supply chain.
The KOPE offsite construction platform improves efficiency, reduces costs and waste, and helps to deliver sustainability goals
This allows companies to quickly evaluate and apply prefabricated products to new or existing projects, improving efficiency, reducing costs and waste, and helping deliver sustainability goals.
Companies can use KOPE to leverage offsite construction by bringing Products into Projects™.
With the ability to instantly see the impacts of differing solutions, the construction industry can finally embrace offsite construction through the whole design process.
Mark Thorley, co-founder and CEO of KOPE, said, “We have been fortunate to work with global industry leaders who share our vision for innovative construction methods and a productised supply chain.
“This latest fundraising gives us further confidence that KOPE will support those in our industry looking to adopt prefabrication and offsite manufacturing. With these key industry partners and their broad experience, we are excited about this next phase of our journey.”
Bringing innovative and data-centric solutions to the construction industry
Yuan Chen, CEO and partner of Socii Capital, stated: “We are delighted to partner with Mark, David, Radu and the whole team at KOPE. It is rare that you find a company so well positioned in terms of skills, domain knowledge and network. KOPE has all the right components to take advantage of a structural change in one of the largest and most important global industries, and to bring innovative and data centric solutions to its customers.”
‘Industrialised construction methods are the future for AEC’
Ryan McMahon, general manager of Manufacturing Informed Design at Autodesk, said: “Autodesk believes that KOPE’s strategy to integrate products into projects is transformational and reinforces that industrialised construction methods are the future for AEC. We are excited to be a part of KOPE’s journey and to supercharge aspects of the Autodesk ecosystem.”
Stay tuned for our upcoming interview with Mark Thorley, co-founder and CEO of KOPE.
