British Land and Patrizia back proptech firm WiredScore
British Land and Patrizia have become the latest investors to back WiredScore, a property-technology company focused on digital connectivity accreditation.
The companies have made the strategic investment, as part of a $4m (€3.6m) fundraise, to support WiredScore’s expansion plan.
WiredScore, the organisation behind Wired Certification, said the latest fundraise is an extension of its Series A raise bringing the total to $13m, which included investors Legal & General, U+I, Town Centre Securities, Momeni Digital Ventures, KingSett Capital and Savitt Partners.
The company also received a re-commitment from its existing investors Bessemer Venture Partners, Fifth Wall and Sterling Ventures.
WiredScore said the funding will help the company’s expansion, both in terms of its footprint and commitment to researching and launching new products.
Chris Grigg, CEO of British Land, said: “As one of the first companies to work with WiredScore in the UK, we have found their digital connectivity accreditation and advice incredibly useful.
“We look forward to continuing our collaboration, both in connectivity certification and working together on new products.”
Manuel Käsbauer, Patrizia’s head of technology and innovation, said Patrizia has worked closely with WiredScore since their entrance into the European market.
“As proactive investment managers, we regard connectivity as crucial to the performance of our portfolio by helping us attract and retain tenants.
“We are excited to make this investment as it will further solidify our collaborative relationship and help enhance the digital infrastructure of our partners and of the real estate industry.”
William Newton, WiredScore president and managing director said connected buildings are now the standard, however well-connected buildings command a premium, attracting and retaining tenants, supporting technology now and for the future, and underpinning business growth and productivity.
“Digital connectivity is a global issue and as society becomes more connected around the world with the tech now available, it is important that our buildings, both offices and our homes, reflect that.”