What happens to our startups after they leave the Accelerator Programme?
We recently caught up with some of the companies from various cohorts, to find out how they were doing and what news they had to share with the Geovation community.
Will Pearce from Orbital Witness, told us a selection of news that had happened to them over the past 6 months:
- Won ‘Best Product’
Orbital Witness had won best product at the British Legal Tech Awards. This award recognises companies for their innovative products and solutions that have delivered on their vision, differentiation, practicality, and importance to the sector.
- Raised £3.3 million
Orbital Witness have been able to raise £3.3 million in seed funding which brings Orbital Witness’s total funding to £4.5 million. This news was also shared in Tech Crunch
- Growth of the team
The team has grown to 18 and including some great new hires including a CTO and Lead Data Scientist.
- New Projects
Orbital Witness is now focusing a lot of their attention on real estate investment funds and lenders in addition to their initial market of law firms.
Sasha Mather from Skyroom updated us:
- Planning Permission
At the end of last year, Southwark Council granted Skyroom planning permission to develop 15 homes in the airspace above another building off the Old Kent Road.
- Key Worker Homes Fund
In 2021, Skyroom launched the Key Worker Homes Fund. It offers London’s local authorities and Housing Associations pro-bono technical consultancy to identify sites in their portfolio suitable for airspace development and a funding facility to bring the development forward. £100 million will see developments of between a dozen and two hundred homes for key workers appearing above existing buildings in London over the coming years.
Olly Thornton-Berry from Thirdfort shared the following news:
- Growth of company
Thirdfort has grown from 12 to 42 employees, having seen a rapid shift in manual to digital occur forced about by the pandemic.
- Increase of users
The total number of law firms using Thirdfort has increased from around 100 to 500; this growth has been propelled by third party reseller agreements with industry leaders like TM Group.
- Grant funding
They have secured an additional £250k grant and raised a further £1m angel round to support their growth.
- New goals
They head into 2021 with a clear strategy to become the new standard in legal security – enabling people to transact securely and easily with their lawyers.
- New investment
Qualis Flow have opened a new investment round at the start of 2021 among plans to accelerate expansion across the UK and begin exploring new international markets in Australia. They have joined the RealTechX programme to support this discovery.
- New research project
The team have instigated a new industry research project “data deep dive” to investigate more intelligent ways of working towards Net Zero.
- Customer base growth
They have grown their customer base by x8 over the last 12 months.
- Growth of team
The team has grown and remain intently focused on their core mission, making leaps and bounds in the product to give their customers even greater power over their own data. They have an exciting roadmap laid out for the rest of this year and are keenly supporting more contractors and developers in improving efficiency and performance on their sites, taking on new sectors including residential, rail and education.
We’re busy catching up with other cohorts, so watch this space for more updates from our startups soon.