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)

TO Ventures

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
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.
Profile
Converge.io LinkedIn Company Profile
Social Media
Converge.io Company Twitter Account
Company News
Converge.io News
Facebook
Converge.io on Facebook
YouTube
Converge.io on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Raphael Scheps
  Raphael Scheps LinkedIn Profile  Raphael Scheps Twitter Account  Raphael Scheps News  Raphael Scheps on Facebook
Chief Financial Officer
John Patterson
  John Patterson LinkedIn Profile  John Patterson Twitter Account  John Patterson News  John Patterson on Facebook
Chief Technical Officer
Gideon Farrell
  Gideon Farrell LinkedIn Profile  Gideon Farrell Twitter Account  Gideon Farrell News  Gideon Farrell on Facebook
VP - Operations
Paula Gould
  Paula Gould LinkedIn Profile  Paula Gould Twitter Account  Paula Gould News  Paula Gould on Facebook


 

 

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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.

 


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