Tyrrell Secures £1.75m Investment for PropTech Expansion

Tyrrell Building Technologies Group (TBT Group), a company specializing in smart building solutions through Internet of Things (IoT) technology, has secured a £1.75m investment from River Capital. The funding, sourced from the North West Private Equity Fund, is set to bolster TBT Group's expansion efforts, key initiatives being the advancement of its Halo Smart IoT platform and Tyrrell Analytics platform. Apart from enhancing core business offerings, the investment strengthens TBT's strategic collaborations with tech giants Intel and Red Hat, aiming to propel the company's cutting-edge building control systems to the next level. Under the leadership of CEO Ged Tyrrell, TBT Group aims to expand its workforce, particularly in sales, marketing, research, and development sectors, thus supporting the company's growth strategy and commitment to creating tech jobs in Northern UK. Dave Furlong, the investment director at River Capital, emphasizes TBT Group's ambitious nature and growth potential as key factors in their decision to invest. The partnership underscores a shared vision of growth and innovation in the smart building sector.