PropEco, a Glasgow-based tech company, recently secured a seed investment of £275,000. The company is known for its advanced technology platform that evaluates the long-term value and viability of properties with an innovative approach.
The £275k investment was led by Symvan Capital, a London-based venture capital firm specializing in early-stage, high-growth technology companies, with additional participation from the University of Strathclyde’s Inspire Entrepreneurs Fund.
PropEco operates at the intersection of property technology and climate risk assessment. The company’s AI-powered platform taps into a wealth of data from thousands of sources, including proprietary ones, to offer detailed evaluations on factors like flood risks, air quality, and potential for green retrofits. This data fuels a variety of tools and services, from APIs to comprehensive property reports.
The infusion of capital will boost PropEco’s efforts to empower property professionals, lenders, and insurers with data and tools necessary to manage the effects of social and environmental trends, including climate change. Plans include team expansion and accelerated product development to set the stage for global reach within the next year.
Chris Hardman, founder and CEO of PropEco, said, “With increasing awareness of the risks that trends such as climate change pose to the built environment, PropEco is well-positioned to capitalise on growing market demand and establish itself as a leader in the emerging field of climate-conscious property technology.
“Established methods of assessing risk in both commercial and residential property are not equipped to handle the complexities of rapidly changing environmental and social conditions. We’re talking about systemic issues that demand a data-driven approach, one that provides granular, property-level insights to inform smarter, more resilient decisions.”
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