Utopi Secures £5m Investment from Scottish National Investment Bank

The Scottish National Investment Bank has invested an additional £5m in Utopi, a Glasgow-based property technology company. The investment aims to support Utopi's growth by helping secure long-term income contracts, including a significant deal with global real estate firm Mapletree Investments. Utopi's technology focuses on collecting data from multi-tenant buildings to provide insights on environmental performance, helping to reduce these buildings' footprints while enhancing the value for investors. This latest funding follows an initial £5m investment in 2023 that allowed the company to expand rapidly, increasing its workforce from 12 to 55 and boosting revenues by 500%. With the new investment, Utopi plans to scale further by entering new international markets, continuing technological innovation, and contributing to the Scottish economy. The Bank's support is part of a broader strategy to back companies that promote sustainable and equitable economic development.