Home Renovation Firm DigitalBridge Raises £3 Million In Series A Funding

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DigitalBridge

UK based home renovations firm DigitalBridge which uses tech to help solve the “imagination gap” has announced picking up £3 million in a Series A funding. The funding round was led by Maven Capital Partners through its £1.5m package from Maven’s Venture Capital Trusts and £1.5m from the NPIF Maven Equity Finance.

Prior to this round, the firm had raised seed capital from the likes of L Marks, John Lewis, Stuart Marks, Graha, Clempson, Mike McGrath and others. The current infusion takes the total amount secured by the firm now stands at £4.2M.

digitalbridge logoFounded by David Levine in 2011, the platform offers Guided Design to help enable retailers to help their customers design and buy their dream bathroom or kitchen. It also helps retailers to shorten sales-cycles and increase conversion and revenue.

DigitalBridge CEO David Levine talking about the capital from Maven said, “We’re excited to partner with Maven to drive DigitalBridge to the next level. In addition to the European retailers we are working with, this investment supports our growth into the US market and allows us to deliver on the opportunities we’re already working on. We’re excited to partner with Maven to drive DigitalBridge to the next level. In addition to the European retailers we are working with, this investment supports our growth into the US market and allows us to deliver on the opportunities we’re already working on."

Maven Investment Director Jeremy Thompson talking about DigitalBridge and the capital infusion said, “The team at DigitalBridge have developed a market-leading AI product which solves a genuine problem for retailers by better engaging with their customers online. The considerable traction they have seen proves they’re enabling retailers to increase conversions, shorten sales cycles and increase order values."

 

Image Courtesy : digitalbridge

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