Digital Urban: A Leader in PropTech Expansion
Deal News | Feb 13, 2025 | Business Cloud
Digital Urban, a leading player in immersive technology focusing on urban regeneration, has secured a £250,000 debt finance package from Midlands Engine Investment Fund II and Maven Capital Partners. This funding will aid the Bakewell-based company in scaling its sales and technical teams and developing its digital twin and immersive planning solutions. Recognized for its pioneering work with support from regional leaders like the East Midlands Mayor and local MP, Digital Urban aims to expand its client base across the UK. Founder Simon Mabey highlights the company's strategy of leveraging strong client referrals to further promote its product suite. Maven's investment director, Richard Altoft, emphasizes the firm's innovative approach to enhancing community engagement and decision-making in urban planning.
Sectors
- PropTech
- Finance
Geography
- United Kingdom – Digital Urban is based in Bakewell, UK, and the company aims to expand its client base nationally across the UK.
Industry
- PropTech – Digital Urban operates in the PropTech industry, utilizing technology to provide innovative urban planning solutions.
- Finance – Maven Capital Partners and Midlands Engine Investment Fund II are financial entities providing debt finance to expanding businesses.
Financials
- 250,000 GBP – Debt finance package secured by Digital Urban for expanding operations.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Digital Urban | Target company | Company | A Bakewell-based immersive technology company specializing in urban planning solutions. |
| Maven Capital Partners | Investor | Company | A private equity firm providing debt financing to support business growth. |
| Midlands Engine Investment Fund II | Investor | Company | A financial initiative designed to support businesses across the Midlands region with investment. |
| Simon Mabey | Founder | Person | Founder of Digital Urban, emphasizing client referrals and strategic growth. |
| Richard Altoft | Investment Director at Maven | Person | Investment director at Maven who supports Digital Urban's innovative solutions. |