A London-based property technology company is set to make a significant move by relocating to Wales. This strategic decision comes after securing a substantial £600,000 in seed funding.
The investment round was spearheaded by the Development Bank of Wales, along with notable contributions from industry veterans. This relocation aims to leverage local talent and establish strong connections with regional universities and government bodies.
Urban Intelligence, a prominent player in the proptech sector, has announced its plans to relocate from London to Cardiff. This move follows a successful seed funding round where the company secured £600,000. The funding was led by the Development Bank of Wales, with support from key industry figures such as Alex Price and James Stevens.
The decision to establish a new office at Cardiff’s Tramshed Tech is part of a broader strategy to immerse the company within the Welsh digital community. By moving to Wales, Urban Intelligence plans to tap into the rich vein of local planning and technology expertise.
“We will be tapping into the local pool of planning and tech talent,” stated the company, highlighting its intent to forge new links with nearby universities and government authorities.
Over the next six months, Urban Intelligence intends to broaden its operational focus, expanding from London into the South East and other UK regions.
This expansion will involve developing pioneering features in the property and planning sectors, utilising emerging data to deliver unprecedented insights.
The company aims to build features grounded in planning policy that will assist both industry professionals and policymakers in making informed decisions.
The seed funding round gained traction with the involvement of industry leaders such as Palmer Capital Partners Chief Executive, Alex Price. Such involvement underscores the confidence and expectations within the industry regarding Urban Intelligence’s potential.
Contributions from experienced business angels reflect a belief in the company’s ability to innovate and lead within the proptech sphere.
Urban Intelligence is not starting from scratch; the company plans to apply its learnings from partnerships with established industry names and its clientele.
These collaborations will provide a foundational backbone as the company seeks to expand its influence across the UK property market.
By building on these relationships, Urban Intelligence aims to deliver value through data-driven insights and innovative planning solutions.
As Urban Intelligence settles into Cardiff, its focus will likely remain on integrating its operations within the local ecosystem.
The company’s strategic move is expected to foster growth and contribute significantly to the technological landscape of Wales.
By aligning with regional development goals, Urban Intelligence sets the stage for a promising future in the ever-evolving proptech industry.
Urban Intelligence’s strategic relocation to Wales marks a pivotal chapter in its growth journey. By integrating into the local digital scene and leveraging regional expertise, the company aims to lead innovation in the property technology sector.
