Proptech firm eyes Wales move after £600k boost
A property technology business based in London has unveiled plans to relocate to Wales after securing a £600,000 investment.
Urban Intelligence's seed funding round was led by the Development Bank of Wales.
It also included a line-up of business angels from the property sector, including Palmer Capital Partners chief executive Alex Price and James Stevens, head of real estate development at Aberdeen Standard Investments.
In January, the business will relocate to Wales, opening a new office at Cardiff's Tramshed Tech, contributing to the digital scene in the Welsh capital.
"We will be tapping into the local pool of planning and tech talent, whilst also establishing new links with local universities and government authorities," the company said in a statement.
"Over the next six months, we will expand our sphere of interest from London to embrace the wider South East and other regions of the UK, making use of our learning from industry partners and customers.
"We will be building features that provide first-of-a-kind insights for the property and planning industries anchored in planning policy, harnessing an ocean of data that is emerging to better inform decisions."