£2.3m funding for 3D Repo
3D Repo has secured £2.3m Series A funding.
The digital construction services business has been backed in a funding round led by Ingenious’ Infrastructure Ventures EIS Service.
A pioneer of cloud-based design collaboration, its tech has been deployed on construction projects with Balfour Beatty and Crossrail among others.
Its platform for building information modelling data is transforming how construction projects are designed and delivered by 'democratising data, mitigating risk and reducing complexity'.
Guy Ranawake, senior investment director at Ingenious, commented: “There has been solid growth in the use of BIM worldwide and especially in the UK following the government mandate for BIM Level 2 on all large-scale public sector construction and infrastructure projects since 2016.
“3D Repo’s online platform has excellent collaborative tools that allow teams to achieve all the benefits promised by BIM, consistently helping projects meet cost and time targets.
“We are very happy to support 3D Repo and look forward to seeing the growth of the company which aligns strongly with our investment strategy and infrastructure sector focus.”
Instead of architects, engineers and contractors sharing massive proprietary files in a costly and time-consuming manner, they can simply point their web browser to an encrypted cloud platform to examine each project stage virtually.
Dr Jozef Dobos, founder and CEO of 3D Repo, said: “3D Repo is a powerful digital construction platform that has already helped many of our clients improve communication, coordination and collaboration.
“Having the backing of Ingenious means that we can continue to support the country’s foremost digital construction champions and drive the use of 3D Repo on the most challenging infrastructure projects globally.”