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QFlow and Green Angel Ventures teams at Innovation Zero in London - May 2023

5th Birthday Follow-on investment from Green Angel Ventures

Green Angel Ventures has followed its original investment coinciding with the 5th birthday of portfolio company, Qualis Flow. The round will further accelerate growth, and is a reflection of the success of this construction-sector company following a first investment in 2021.

The female-founded technology company provides construction teams with the data they need to reduce waste. Qflow, a machine learning powered tool that automates tracking of materials & waste on construction sites, provides real-time alerts to onsite teams so they can manage quality and sustainability, and gives transparency to planners & developers.

The original investment round was led by Green Angel Syndicate, the specialist angel syndicate operated by Green Angel Ventures. Its members are delighted to complete this follow-on round, reflecting their confidence in the company.

CEO Cam Ross said:

“Qflow is one of our most exciting portfolio companies. Its progress has been remarkable. The construction sector is both one of largest contributors to climate change, and one of the most difficult in terms of making a meaningful impact. It is a tribute to the talent and skills of leaders Brittany Harris and Jade Cohen, as well as their entire team to have grown as quickly and successfully as they have.”

Deployed on construction sites across the UK, Qflow services the entire commercial construction spectrum, working with some of the biggest Tier 1 contractors and developers including Bouygues UK and Landsec. They will use this investment to further develop the Qflow tool, and to build their business on the international stage.

Disclaimer – Investment in early-stage companies involves risks such as illiquidity, lack of dividends, loss of investment and dilution. Even when diversified within a fund, investing in early stage companies carries a higher risk than investing in more established companies. Investment in EIS and SEIS funds should be considered as part of a diversified portfolio. Green Angel Ventures Limited is authorised and regulated by the Financial Conduct Authority with Firm Reference Number 963377. The content is for information purposes only and should not be used or considered as an offer or solicitation to purchase or sell any securities.

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