Digital twin software startup Willow tops up with $42 million raise at a lower v...
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News » Topics » Funding » Digital twin software startup Willow tops up with $42 million raise at a lower valuation
FundingDigital twin software startup Willow tops up with $42 million raise at a lower valuation
Simon Thomsen - December 15, 2022 < 1 MIN READ
Real estate and infrastructure digital twin creator Willow has raised US$28.8 million (A$42m) .
The round was led by the Sydney-headquartered venture’s existing backers, who chipped in at a lower valuation to 2021’s pre-Series B round.
Willow chairman Nicholas Moore, the former Macquarie Group CEO, is a key investor, alongside fellow director and TCI Renewables chair Jim Cooney, and WatermanCLARK cofounder and former Brookfield boos Ric Clark were key backers of the latest raise.
The software startup previously raised US$43 million (A$58m) in a pre-Series B Round in August 2021 and US$40 million (A$54m) in a Series A in late 2019.
Its institutional investors include Perennial Value Management, VGI Partners, and CIA-backed US fund In-Q-Tel.
The digital twin software venture creates a digital replica of a built asset, so owners and operators of major portfolios and infrastructure to make smarter, more proactive, and data-led decisions.
Willow’s customer base includes some of the world’s largest owners of real estate and critical infrastructure including Brookfield Properties, as well as several Fortune 500 companies including Microsoft.
The company also boasts several iconic campus and stadium precincts including the SoFi Stadium and Hollywood Park in Los Angeles. It has offices in Sydney, Melbourne, Toronto, Seattle, New York, London, Amersfoort and Manila.
NOW READ: Infrastructure monitoring startup Trendspek banks $6.3 million in Series A
Simon Thomsen
Simon is editor of Startup Daily and host of the Startup Daily show, 2-2.40pm weekdays, on the business streaming service ausbiz.com.au
He was previously Associate Editor of Business Insider Australia and before that a full-time restaurant critic, editor of The Good Food Guide, and a newspaper proprietor, having spent far too long in journalism and publishing.
He's also an investor in early stage startups.
He chaired industry lobby group Australian Business Ltd's (now the NSW Business Chamber) environment committee during the Kyoto agreement era, back when mining execs were worried about cow farts.
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