Construction tech start-up and Vala portfolio company, QFlow, have completed a $9.1m funding round led by climate tech VC Systemiq Capital alongside an impressive array of other VCs, including Ascension Ventures and, of course, Vala Capital. Vala first invested in July 2021.
Founded by construction industry professionals Jade Cohen and Brittany Harris, QFlow is on track to transform one of the most carbon-intensive industries in the world. The technology allows construction teams to collect real-time on-site data on materials and waste and then facilitates more informed decisions on cost, quality and carbon footprint. Whilst it sounds an obvious addition to the industry, TechCrunch has stated:
“To date, there hasn’t been a company that’s done this — as far as TechCrunch is aware — making Qflow pretty unique.”
Vala’s Head of Venture Investments, Jonathon Spanos, prepared a blog here in September 2021 outlining why Vala’s Sustainable Growth EIS had invested in QFlow and recently stated:
“[I’m] proud to have been part of the journey and I can’t wait to see what comes next.”
Read more about the funding in Construction UK Magazine