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Pi Labs joins Saracens Chairman and Alton Towers owner in backing PropTech startup

London-based PropTech startup Built-ID has raised £1.1m in funding from Pi Labs alongside a line-up of individual investors.

The company, which previously went by the name of IndustryHub, has raised the from the cash property-focused investment platform with contributions from backers from both sides of the Atlantic, including Alton Towers owner Nick Leslau, serial investor and Saracens Rugby Club Chairman Nigel Wray and Sandy Gumm.

Founded in 2015, Built-ID allows users to find out more about the project teams and allows developers to show off their portfolio and work to prospective investors or clients by pointing their phone at a particular building to be presented with more information.

Targeted at architectural practices, interior designers and engineering firms amongst others, the platform can act as both a forum for discovery and a means for firms to showcase their work.

In quotes reported by Tech City News, Founder Savannah de Savary commented: “IndustryHub’s evolution into Built-ID marks a coming of age, as our member base continues to grow at an exponential rate ahead of our hard launch next month.

“What is significant is that our forthcoming features will make the platform far more than just a showcase of inspiring professionals: it will digitise and democratise word-of-mouth property industry insight.”

Investor Leslau was similarly enthusiastic about the prospects for the platform when he added: “I believe Built-ID has the potential to transform how people interact with the built environment.

“If you want to fit-out the smallest shop, create the biggest office building or design the ultimate resort, Built-ID will save you enormous amounts of time and with their extensive and continuing buildings database they will become the go-to platform for anyone interested in buildings and the people behind them.”

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