Qflow Raises $9.1M to Streamline Construction Tracking for Efficient Decarbonization

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QFlow

Qflow, a construction tech startup, is revolutionizing the industry by introducing a novel way to track building materials, similar to how we capture receipts for expense reports. This innovative approach has the potential to significantly impact the construction sector and contribute to the decarbonization efforts. With construction accounting for 11% of global carbon emissions, efficiently tracking construction materials can provide valuable insights into carbon inputs and outputs.

Recently, Qflow successfully closed a $9.1 million (£7.2M) Series A funding round led by Systemiq Capital, a climate tech venture capital firm. The funding will support the company’s growth in the United States and Australia. Other participants in the funding round include Ascension Ventures, Bridge Investment Group, Gravel Rd, Greensoil Proptech Ventures, Grosvenor, John Emrey (CEO of Alder properties), MMC, and Suffolk Tech.

Qflow’s platform enables construction teams to collect real-time data on materials and waste, empowering them to make informed decisions regarding cost, carbon impact, and quality. By leveraging this platform, construction teams can enhance transparency and efficiency throughout their projects.

Founded in 2018 by Brittany Harris and Jade Cohen, both with backgrounds in the construction industry, Qflow aims to address the carbon-intensive nature of construction and simplify the process of decarbonization. The platform provides a streamlined solution for capturing essential information to understand the carbon impact of construction and drive effective decarbonization strategies. Qflow’s ultimate goal is to unlock the potential of the economy through the concept of urban mining.

Urban mining refers to the collection and reuse of rare metals found in discarded electronic waste, creating a stockpile of valuable resources.

Qflow’s impressive client roster includes industry leaders such as Berkeley Group, Canary Wharf Group, Grosvenor, Landsec, Morgan Sindall, Multiplex, and Workplace Futures, among others. These organizations recognize the value of Qflow’s platform in driving sustainability and reducing carbon emissions.

Matthew Goldstein, General Partner at Systemiq Capital, emphasized the unique value proposition of Qflow, stating that it aligns the goals of construction CFOs and sustainability executives. By accelerating decarbonization efforts while simultaneously saving time, reducing costs, and mitigating regulatory risks, Qflow empowers customers to achieve their sustainability goals effectively.

Qflow’s innovative approach to construction tracking presents a significant opportunity for the industry to make strides in decarbonization. By leveraging real-time data on materials and waste, construction teams can optimize their operations, reduce carbon emissions, and contribute to a more sustainable future. With the backing of prominent investors, Qflow is well-positioned to drive meaningful change in the construction sector and beyond.