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Urban Umbrella Raises $6.5M In Venture Debt Funding Round

Jan 14, 2022over 3 years ago

Amount Raised

$6.5 Million

Description

Urban Umbrella, New York City’s premier scaffolding design alternative, today announced it has raised $6.5 million in venture debt. The round was led by New York-based Anthos Properties, a commercial and residential real estate developer and property management company.

Company Information

Company

Urban Umbrella

About

Urban Umbrella is the designer, patent holder, and fabricator of the only alternative scaffolding bridge on the market that is approved by The New York Department of Building. The unique product is the first design substitute for traditional scaffolding in over 60 years. In an International design competition with over 260 contestants, Mayor Michael Bloomberg and Department of Buildings Commissioner Robert LiMandri proclaimed Urban Umbrella the new exemplar of scaffolding for NYC. The Urban Umbrella design was chosen to help improve quality of life, reduce construction impacts on businesses, increase pedestrian safety, and increase available space for pedestrians on sidewalks. Additional information about Urban Umbrella is available at https://www.urbanumbrella.com/