A Melbourne-born startup has set its sights on expansion after winning a major pre-seed investment by Lindsay Phillips’ Nightingale Partners and Derek Sheen.
Australian PropTech firm LARKI, a provider of 3D laser scans and city models for architects has won a major cash boost from one of the country’s leading private equity firms and a recently exited e-commerce founder.
A $1.4M investment, led by Nightingale Partners and including Derek Sheen of recently sold Yellow Octopus ecommerce platform, puts LARKI on a solid footing to expand its innovative platform and 3D data provision to architects and the wider property industry.
Servicing major metros on the east coast of Australia, LARKI is laying the foundations for international expansion.
“This backing from Nightingale Partners has come at just the right time, allowing us to drive forward plans to make LARKI synonymous with high-resolution 3D city models online, here in Australia but soon all over the world,” Simon Cookes, CEO and co-founder of the four-year-old business, which has offices in Melbourne and Sydney said in a statement.
Meanwhile, Nightingale Partners Chairman and Managing Director Lindsay Phillips said that he liked LARKI’s cloud-based information platform for architects which will make design and approval processes easier and faster.
“We’re excited to be involved with co-founders of great quality and with an excellent blend of experience.”