London-based Qflow (Qualis Flow), a digital platform enabling construction teams to collect real-time materials and waste data at source announced that it has secured £7.2M in a Series A round of funding.
Qflow says it will use the funds to scale its operations in the UK and grow its presence in the US and Australia.
The current round was led by London-based climate tech VC Systemiq Capital.
Founded in 2018 by Brittany Harris and Jade Cohen, Qflow is a digital platform that construction teams can use to gather materials and waste data in real-time at the point of source, empowering project teams to decide on costs, carbon footprints, and quality.
Qflow aims to become the industry-leading solution for capturing and using material and waste data on active construction sites in the UK.
It accomplishes this by collaborating with construction teams to provide them with the tools required to monitor and control their social and environmental effect and improve it through data-driven decision-making.
With Qflow, waste can be decreased by providing real-time data and analytics; efficiency can be increased by automating and digitizing a manual process; transparency about carbon savings can be provided; the circular economy can be enabled; and performance can be improved.
Currently, the companies using Qflow include Berkeley Group, Canary Wharf Group, Grosvenor, Landsec, Morgan Sindall, Multiplex, and Workplace Futures, among others.
The company is also hiring for both technical and commercial roles in an effort to double its current 30-person staff by the end of 2024.
Read more on Tech Gist Africa:
UK climate tech startup CUR8 raises £5.3M