Disperse, a London, UK-based provider of building productivity systems in the construction industry, raised $16 million in funding.
The round was led by 2150, with participation from existing investors, including Northzone and Kindred Capital.
The additional investment will be used for the dual purposes of continuing to drive product advancements and expanding the go-to-market function in the Americas.
Disperse's technology allows project stakeholders to make informed decisions with actionable insights and accurate status of their building project by generating reliable as-built records and analyzing data to reduce risk and drive productivity.
Disperse entered the US market in 2019 and has developed strong alliances with clients, including Gilbane and Urban Atelier Group (UAG).
Since entering the market, Disperse has consistently increased its US revenue twice a year. Additionally, the company has kept expanding by partnering with industry leaders in the UK and Ireland, such as Hines, Mace, Sir Robert McAlpine, John Sisk & Son, and Multiplex.
Company: Disperse Inc.
Funding Month: September 2022
Lead Investors: 2150
Additional Investors: Northzone and Kindred Capital
Company Website: https://www.disperse.io/
Software Category: Building Productivity Platform
About the Company: Founded in 2015 out of a London School of Economics entrepreneurship incubator, Disperse is a building productivity provider on a mission to unlock the future of the building. Disperse captures the state of construction projects and provides actionable insights in a scalable, accurate, and reliable way that project teams can focus on getting things done. Disperse products combine artificial intelligence and human expertise to empower project teams with data insights that allow them to make better decisions with objective project status, minimize risk with reliable as-built records, and improve stakeholder communication.