Proptech venture capital fund Goldacre has announced it is funding nine new start-ups with £100,000 each as part of its third RElab business accelerator.
Goldacre Ventures is the venture capital arm of Noé Group, a £2.5bn family office-led investment house, and the 14-week scale-up programme connects RElab start-ups with the group’s business network.
The focus of many of the firms in this year’s cohort is sustainability.
One UK firm joining the accelerator is Modulous—a platform that uses artificial intelligence to design and deliver sustainable affordable modular homes.
Another UK firm called Qualis Flow uses the Internet of Things (IoT) and machine learning in construction projects to measure their environmental risk and impact, then provide analytics that can minimise both.
And Reengen, from Turkey, has an IoT- connected platform used by utility companies and multinationals that can measure and optimise energy consumption across buildings.
“The world is changing at an accelerated pace and sustainability is increasingly influencing every aspect of business,” said RElab founder and Goldacre managing director Fionnuala Hogan of the new cohort.
“We look forward to working with these companies in solving some of our industry’s most pressing issues.”