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Bkwai Builds Up £2.2M Funding For Data-Driven Construction Software

Mar 03, 2022•over 3 years ago

Amount Raised

£2.2 Million

Round Type

seed

London

Description

Construction software company BKwai has announced a Seed investment of £2.2m led by Octopus Ventures, with participation from Deeptech labs and Cambridge Enterprise.

Company Information

Company

B Kwai

Location

London, Ontario, Canada

About

The London-based startup will use the funding to scale its operations and tap into the lucrative £7tr construction sector. Founded in 2019, BKwai uses data to provide construction teams with insights during projects. The construction industry has also been under significant pressure to take environmental factors into account for new projects, which BKwai claims will be made easier with its software platform. BKwai previously received funding from Cambridge University’s deeptech accelerator funding scheme, which awarded £350,000 each to five machine learning startups.