London-based company LandTech raised £10M (~$12M) in funding in a growth round. Canada-based CIBC Innovation Banking made the investment.
- LandTech enables property developers to professionals to identify and assess off-market development opportunities.
- Its platform enables developers to build properties for a low cost by speeding up the process of finding, assessing, and buying new land.
- Proceeds from the funding will be used to expand LandTech's suite of products and support its expansion to the U.S.
- LandTech said its first product LandInsight is used by U.K's top 10 homebuilders and more than 2,000 property clients.