Offsite construction software innovator KOPE set for major expansion

KOPE, a UK-based software company specialising in developing an online offsite construction kit-of-parts platform, has recently secured £5.5 million (AUD $10.6 million) in seed funding.

This investment, led by Socii Capital, includes contributions from industry stakeholders such as Autodesk, Saint-Gobain, Barton Malow Ventures, Halkin Private Capital, and Luck Investment. This financial boost is a significant ‘shot in the arm’ for KOPE’s expanding its online offsite construction kit-of-parts platform.

The primary objective of KOPE’s platform is to streamline the construction process, particularly in the design and pricing phases. They’re pitching it as a seamless integration of both two-dimensional and three-dimensional construction elements into digital models, to “get the data you need to make critical design decisions at the start of projects, reducing expensive rework further down the line and giving you accurate costs in minutes”.

KOPE offers two principal products: KOPE Construct and KOPE Market.

KOPE Construct is a tool designed to ease the transition to offsite construction methods, promoting the usage of prefabricated building elements and systems in construction projects. The thought process behind is to not only improve efficiency; but to also reduce construction waste, encouraging more environmentally sustainable building practices. Conversely, KOPE Market functions as a networking platform, forging connections between builders, suppliers, and consultants. It’s positioned as a forum for collaboration, knowledge exchange, and the promotion of innovation within the industry.

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Mark Thorley, co-founder and CEO of KOPE, said, “We have been fortunate to work with global industry leaders who share our vision for innovative construction methods and a productised supply chain.

“This latest fundraising gives us further confidence that KOPE will support those in our industry looking to adopt prefabrication and offsite manufacturing. With these key industry partners and their broad experience, we are excited about this next phase of our journey.”

Yuan Chen, CEO and partner of Socii Capital, stated: “We are delighted to partner with Mark, David, Radu and the whole team at KOPE. It is rare that you find a company so well positioned in terms of skills, domain knowledge and network.

KOPE has all the right components to take advantage of a structural change in one of the largest and most important global industries, and to bring innovative and data centric solutions to its customers.”

Ryan McMahon, general manager of Manufacturing Informed Design at Autodesk, said: “Autodesk believes that KOPE’s strategy to integrate products into projects is transformational and reinforces that industrialised construction methods are the future for AEC. We are excited to be a part of KOPE’s journey and to supercharge aspects of the Autodesk ecosystem.”

See: https://www.kope.ai/