Funds for Built Environment Insights Firm Commonplace

In London, citizen engagement platform Commonplace has received an investment of £2.1m from investors led by transatlantic VC firm Beringea, and will use the funds for continued expansion including growth of its client base.

Commonplace's digital insights platform includes dashboards and reporting capabilities and is used by builders and infrastructure developers, local government and architects to collect data from key stakeholder groups including residents and businesses. The firm powers more than 3,000 projects including urban regeneration schemes, high streets, housing developments, pedestrian and cycling schemes and major infrastructure projects, for 200 councils and real estate developers. Its services have engaged more than 6.5 million people across the UK as well as citizens in North America, Europe, the Middle East, South Asia and Australasia.

The round was also backed by Grosvenor Property UK, The Conduit Impact Fund, Concrete Ventures, Oxford Innovation Finance and Foundation Ventures.

Commonplace co-founder and CEO Mike Saunders (pictured) comments: 'We're super-excited to be joining forces with these leaders in placemaking and proptech to accelerate our mission to inspire thriving places, powered by insights and collaboration... It's vital that people are connected to the places they live, work or play, and have a constructive voice in shaping them. As the government seeks to address housing shortages, cost of living and the pressing need for infrastructure, community collaboration will be key to its success'.

The company is on the web at www.commonplace.is .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.