Construction disrupter Disperse raises £15m

Disperse, a provider of building productivity systems in the construction industry, has raised around £15 million of additional funding.

Its technology allows project stakeholders to make informed decisions via an accurate status of their building project. It generates records and analyses data to protect against unchecked construction errors and costly rework.

Founded in 2015 out of a London School of Economics entrepreneurship incubator, by 2019 the company had expanded into the US market, and since then has formed strategic relationships with customers like Gilbane and Urban Atelier Group (UAG). With the exception of 2020 at the height of the COVID-19 pandemic in New York City, Disperse has reliably grown US revenue by 2x every year since entering the market. 

The firm has also continued growing with market-leading builders and developers in the UK and Ireland including Hines, Mace, Sir Robert McAlpine, John Sisk & Son and Multiplex.