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Fledgling firms secure $7.5 million through Pi Labs programme

22nd June 2024

Pi Labs has concluded its twelfth annual growth programme for early stage start-ups, with the participating companies securing $7.5 million in funding. 

The built environment venture capital firm chose five companies from more than 1,000 applications. Seed and pre-seed capital was allocated by Pi Labs and external investors. 

This year’s start-ups include Pathways, an AI-driven sustainability platform enabling manufacturers to measure and reduce building material emissions and Kestrix, which uses drone technology and AI to pinpoint heat loss in residential buildings.

Pi Labs will support each company with mentoring the founders and introductions to business leads and co-investors. 

Faisal Butt, managing partner and founder of Pi Labs (middle row, 4th from right), said: “Our growth programme is focussed on scouting tomorrow’s technology leaders as early as possible and giving them the resources to positively transform the market at scale.”

Pi Labs has taken 56 early stage startups through the programme, with portfolio companies raising a total of $211 million.

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