WiredScore, a company that sets global standards for technology in the built world, has raised $15 mln (€14 mln) in Series B funding.
Led by UK and US venture capital firm, Beringea, WiredScore has attracted other notable strategic and investors including Cushman & Wakefield, Crow Holdings, and Taronga Ventures, in addition to core returning investors Fifth Wall, Bessemer Venture Partners and Jona Capital.
This round brings WiredScore’s total funds raised to date to $28 mln. Capital from this round will accelerate the company’s mission to become the ‘recognised and trusted, leading voice for tech in the built world’.
William Newton, president and MD, said that in recent years, the real estate industry had been ‘well and truly put through its paces’.
‘Confronted with macroeconomic, political and societal change, the world must place a new emphasis on how we interact with our buildings and the role they play in our future. For the industry to rise to these challenges we must put technology at the heart of our strategies. But not technology for technology’s sake, instead by focusing on the outcomes that technologies can drive for the users of real estate. Only then will we have a lasting impact.
Over the next 24 months, WiredScore plans to expand its geographic footprint across North America and APAC.
In November last year, the company stated that across the Nordics, Western and Central Eastern Europe, landlords had committed a total of 61 buildings to its certifications. These included Abu Dhabi Investment Authority, Art-Invest Real Estate, BlackRock, BNP Paribas REIM, CBRE Investment Management, Commerz Real, Cogedim, Covivio, DWS, Europa Capital Partners, Hines, Immovalor, Invesco, LaSalle Investment Management, Moorfield, Patrizia, PineBridge Benson Elliot/Syrenare, Reino Partners/Partners Group, Round Hill Capital, Swiss Life Asset Managers, The Valesco Group, Value One and Watkin Jones.
Earlier this year, Invesco Real Estate said it had secured its first WiredScore Platinum certification in Sweden for its FENIX building, the highest recognition provided by the company.
WiredScore measured five key aspects of the building’s digital connectivity capabilities, ranging from its ability to adapt to future technology, to the overall quality of the user experience.
