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Pioneering a Digital Transformation in Home Renovations
In a world where technology is reshaping industries, UK startup Beams is poised to digitally transform the home renovation market. With a recent $9 million Series A funding round, the company aims to bridge the gap between consumers and builders by introducing groundbreaking software solutions. Led by ETF Partners and supported by existing investors like Giant Ventures and firstminute capital, Beams is setting the stage for a new era in home improvements.
Streamlining Home Renovations with Advanced Technologies
Beams stands out with its innovative use of technology to predict renovation costs and timelines accurately. By utilizing 3D photographic and laser scans, Beams offers detailed models for renovation designs. Their platform serves as a marketplace, bringing unmatched efficiency and reliability to residential projects. CEO Hayden Wood, previously involved with renewable energy at Bulb, recognized the potential in digitizing this sector, aiming to remove the complexities that deter many from home improvements.
Competing in a Large and Lucrative Market
The home renovation market, valued at £380 billion across Europe and £5.5 billion in London alone, offers immense opportunities for Beams. Competing against players like Neptune, Devol, and Checkatrade, Beams takes a distinctive approach by developing proprietary software that offers an end-to-end solution from planning to completion. This positions them uniquely against competitors who either focus on a niche or lack comprehensive solutions.
Future Prospects: Steering Through Economic Uncertainties
Looking ahead, Beams aims to expand its product offerings and geographic reach across the UK and Europe. Despite inherent risks in any startup journey, Wood is optimistic, citing that the company is nearing breakeven. Prepared to tackle downturns by adjusting strategies, Beams remains committed to sustainability and innovation, as noted by ETF Partners’ Lucy Rands.
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