Bimsense, a Hull, UK-based PropTech firm whose software helps companies meet new building safety rules, raised a further £575,000 from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund.
The latest funding round for Bimsense follows the introduction earlier this year of the Building Safety Act, which is designed to improve standards in the wake of the Grenfell Tower fire.
This funding will enable the company to develop new modules to meet other parts of the Act – in particular the need to register high-rise residential buildings (HRBs) and produce a safety case report.
Scott Pilgrim, Chief Product Officer at Bimsense, said: "The new Building Safety Act has introduced the most sweeping reforms in living memory for the construction and residential property sectors. By bringing building intelligence together in one place, Operance can help them meet the challenge. NPIF and Mercia have backed us from the start and the latest funding will allow us to add new features and provide further support for the property industry."
Bimsense's software, Operance, helps building owners meet the so-called 'golden thread' requirement and show that safety has been considered at every stage of a building's lifecycle, from design and construction to management.
Company: BIMsense Ltd.
Funding Month: December 2022
Lead Investors: Mercia Equity Finance
Company Website: https://bimsense.co.uk/
Software Category: Building Information Modeling Software
About the Company: Founded in 2016 by Ian Yeo and Scott Pilgrim, Bimsense is a developer of building information modeling software built to minimize project risks and maximize lifecycle efficiencies. The company's platform allows for the definition, structure, validation, and access of BIM (Building Information Modeling) deliverables, enabling clients to optimize decision-making, project efficiency, and return on investment. Bimsense developed Operance in 2020, a mobile-first digital operations and maintenance (O&M) application, with the help of an initial investment from NPIF – Mercia Equity Finance. It has since won multiple industry awards and is now used by well-known industry names such as GallifordTry, REDS10, Algeco, Morrison Construction, and RLB.
Source: Pauline Rawsterne, PR Agent-Turquoise PR