Proptech company Infogrid has raised $120 million in new equity and debt.
The UK-based company has raised $90 million in fresh equity and converting credit loand notes and a further $30m of debt facilities in a Series B funding round. Investors backing the firm include Original Capital, SoftBank Vision Fund 2, JLL Spark, Committed Capital and Pictet.
Infogrid is a sustainability-focused smart building platform which automates and optimises facilities and building management used by 200 customers worldwide.
"Sustainability and reducing costs are paramount concerns for our clients today. In the aftermath of Covid there has been a pincer movement of inflation and climate pressures on businesses, leading to widespread concern over the cost and carbon emissions of owning and operating commercial buildings," said CEO Will Cowell de Gruchy.
The new financing will be used for various growth strategies including expanding Infogrid's dataset and functionality of its proprietary AI-powered building intelligence platform. It will also be used to expand its sales and customer support functions.
Knight Frank has recruited Amira Hashemi for the new role of UK ESG lead for property and asset management.
Hashemi joins from the UK arm of Singaporean real estate company Frasers Property and previously spent four years with its Australian business.
In her new role, she will lead ESG strategy and implementation across Knight Frank’s asset management, property management and facilities management businesses across the UK.
Michael Lewis, head of property and asset management at Knight Frank, said: “We have ambitious plans to grow our business across the UK and ensuring that our approach to ESG is market leading is essential. As a business we are committed to playing a leading role in decarbonising commercial real estate and one of the areas we can have most impact is through the assets we manage.”