Immersive tech firm set for growth after £250,000 funding deal

Digital Urban (UK), the Bakewell immersive technology business focused on urban regeneration, has secured a £250,000 debt finance package.

The deal is via the Midlands Engine Investment Fund II via fund manager for East and South East Midlands, Maven Capital Partners.

Digital Urban creates detailed digital twins and immersive planning products. The company’s key services include model development, platform services and consultation services.

The funding will enable Digital Urban to invest in its sales and technical teams, develop scalable products and expand its client base nationally, including local planning authorities across the UK.

Simon Mabey, founder of Digital Urban, said: “Our growth so far has been driven by client referrals and repeat business, which is a testament to the value we deliver. The funding from Maven and the Midlands Engine Investment Fund II allows us to actively promote our product suite to a wider audience and reach new markets.

“Local authorities value how we help them engage more effectively with their citizens and stakeholders, and we’re passionate about the work we do. Expanding our reach is an exciting step forward for the team, and we look forward to supporting more communities across the UK.”

Richard Altoft, investment director at Maven, said: “Digital Urban is a good example of a forward thinking business addressing critical challenges in urban planning with innovative solutions. The company’s unique combination of data driven insights and immersive technology significantly enhances community engagement and decision making. The Midlands Engine Investment Fund II funding will support Simon and the team expanding their market reach and scale recurring revenue opportunities, aligning with the Fund’s focus on fostering innovation and supporting regional growth.”