WiredScore bags $9m in its Series A round

WiredScore, a rating system for landlords, has bagged $9m in its Series A round of funding.

The capital was supplied by KingSett Capital, Legal & General, U+I, Town Centre Securities, MOMENI Digital Ventures, and Savitt Partners. Other contributions came from previous backers Bessemer Venture Partners, Fifth Wall, and Sterling.VC.

New York-based WiredScore is a commercial real estate rating platform which helps to give transparency to tenants. The platform provides landlords with a certificate which informs potential tenants with the information they need before signing a deal. Landlords can also use the solution to identify new marketable divisions and monitor redevelopments.

Its services are currently used in the US, UK, Ireland, Canada, Germany, and France.

The company has witnessed strong growth over the past year, having moved into eight new cities and seen a 45 per cent uptake in certified buildings within the first three quarters of 2018.

Capital from the round will be used to expand internationally and to launch new products and services.

WiredScore founder and CEO Arie Barendrecht said, ?As businesses become more dependent on digital connectivity, we are seeing a shift in the landlord responsibility to deliver well connected buildings.

?No longer does the solution to connectivity issues sit solely between a tenant and their internet service provider. The reality is that the driving factor in powerful, reliable connectivity is the building infrastructure provided by landlords.p>

Copyright ? 2018 FinTech Global

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