Tech Company Financing Transactions
Converge.io Funding Round
On 5/25/2022, Converge.io raised $19 million in Series A funding from OGCI Climate Investments and TO Ventures.
Transaction Overview
Company Name
Announced On
5/25/2022
Transaction Type
Venture Equity
Amount
$19,000,000
Round
Series A
Investors
OGCI Climate Investments (Lead Investor) (Mike Bishop)
Proceeds Purpose
Converge focused its initial efforts on concrete, which is responsible for 8% of all GHG emissions. ConstructionDNA's AI-based concrete module is being used by world-leading contractors and ready-mix concrete suppliers.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
5.02A Mermaid House
London England, EC4V 3DB
UK
London England, EC4V 3DB
UK
Phone
Website
Email Address
Overview
Founded in 2014, Converge is a UK construction technology company based in central London. We're bringing construction into the digital age by building AI and cloud-based technologies, powered by our suite of sophisticated wireless sensors. Converge has global impact and reach: We serve the world's largest construction companies and partner with other trailblazers to push the bleeding edge. We are working to solve the industry's most pressing problems and revolutionise the construction lifecycle.
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 5/25/2022: Humi venture capital transaction
Next: 5/25/2022: Primitives venture capital transaction
Share this article
Where The Data Comes From
We do our best to record every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs