£3.5mn invested in real estate software company fu3e.
23 June 2022
Gresham House Ventures invests £3.5mn in fu3e., an adaptive management reporting software platform for the real estate sector.
The fu3e. platform combines two leading digital products aimed at managing development risks and digitising management processes and is designed to sit above and integrate with existing management reporting software solutions.
The platform is designed for real estate funds, assets owners, developers and professional consultants providing users with real-time data enabling them to operate with insight, manage risk effectively and make informed decisions quickly and at scale.
Our investment will be used to accelerate product development and sales and marketing growth, as the real estate sector sees increasing adoption of software solutions.
The investment follows a number of recent deals in the enterprise software space for Gresham House Ventures, including a £4mn investment into Google Shopping optimisation platform Bidnamic in May, a £5mn investment into retail software provider Proximity Insight in February, a £1.4mn investment in data privacy software business ActiveNav in January and £5mn of follow-on funding for digital preservation software business Preservica in late 2021.
James Hendry, Associate Director at Gresham House Ventures, says:
“fu3e. has delivered impressive growth to date and we believe the business is well-positioned to emerge as a market leader, as the real estate sector increasingly embraces the potential of software to improve existing processes. The platform already has a strong customer base, and our investment will support further product development and sales and marketing growth at this critical time for fu3e.
We were immediately impressed by the fu3e. platform which has clearly benefited from the management team’s background in the industry to address a significant issue which they had experienced first-hand. We believe the quality of the management team at fu3e. combined with our software scaling expertise will make this a highly effective partnership, and we look forward to working closely with the business over the coming years as it continues its positive trajectory.”
Gavin Gleave, CEO at fu3e., adds:
“We are excited to have secured this investment from one of the UK’s leading growth capital investors in the enterprise software space. Gresham House Ventures’ funding and experience in this area will be a major boost and will enable fu3e. to further expand its market share and build awareness in the wider real estate industry, as the sector’s adoption of software-based solutions continues to accelerate.”
