British Land backs PropTech firm WiredScore

Written by Peter Walker

16/10/19

British Land and Patrizia have become the latest investors in WiredScore, a PropTech company focused on digital connectivity accreditation.

The funding forms part of a €3.6 million round supporting the UK-based startup’s plans to expand its Wired Certification offering.

The latest fundraise is an extension of its previous Series A, bringing total capital to $13 million from the likes of Legal & General, U+I, Town Centre Securities, Momeni Digital Ventures, KingSett Capital and Savitt Partners. The company also received a re-commitment from existing investors Bessemer Venture Partners, Fifth Wall and Sterling Ventures.

WiredScore said the money will help both in terms of its footprint and commitment to researching and launching new products.

President and managing director William Newton said connected buildings are now the standard, however well-connected buildings command a premium, attracting and retaining tenants, supporting technology now and for the future, and underpinning business growth and productivity.

“Digital connectivity is a global issue and as society becomes more connected around the world with the tech now available, it is important that our buildings, both offices and our homes, reflect that.”

Chris Grigg, chief executive of British Land, said: “As one of the first companies to work with WiredScore in the UK, we have found their digital connectivity accreditation and advice incredibly useful.

“We look forward to continuing our collaboration, both in connectivity certification and working together on new products.”