Willow, a provider of digital twin solutions for smart infrastructure and real estate, has successfully completed its latest funding round, raising more than $43 million. The bridging round, which was finalized in August, will enable the scaled deployment of Willow’s software to a global customer base. This follows their Series A in late 2019, in which they raised in excess of US$40 million.
Many of Willow’s existing shareholders elected to increase their investment in the company as part of the capital raise, including Willow Chairman Nicholas Moore, the former CEO of Macquarie Group, a global financial services group with $425 billion assets under management, and Jim Cooney, chairman of TCI Renewables and a director of Willow, as well as institutional investor Perennial Value Management.
New strategic investors include Ric Clark, managing partner and co-founder of real estate investment and operating company WatermanClark and former CEO and chairman of Brookfield Property Partners, and global equity manager VGI Partners.
Willow’s capital raising builds upon the company’s successful deployment of its technology on real estate portfolios and infrastructure networks.
“This is a once in 100-year opportunity,” said Joshua Ridley, clobal CEO and co-rounder at Willow. “A century ago, the built world was illuminated by electricity. Today, the built world is being illuminated by data and a new technology called digital twins, and in the decade ahead we will see this accelerate.”
Earlier this year, Willow also obtained investment from In-Q-Tel, a not-for-profit venture capital firm backed by the US national security establishment. In-Q-Tel invests in cutting-edge tech startup companies whose technology could be leveraged to enhance the national security of the United States and its allies.
