Game changing new partnership for proptech business
Proptech company CurveBlock has launched a new partnership with Excelledia Ventures.
The Leeds-based business, which is working to deliver net-zero and energy-positive homes through an innovative shared economy model, has agreed the deal with the spin out of the Dubai-based Excelledia Consulting.
CurveBlock’s co-founder Gary Woodhead told TheBusinessDesk.com that the partnership was game-changing for the business, explaining that for many founders that aren’t coders or technologists, there’s a real challenge in transforming an idea into a reality.
He said: “When I founded CurveBlock, with just an idea in my kitchen, I started to explore how much it would cost to actually build out the concept into a real working product, underpinned by new centralised blockchain technology, digital wallets, digital shares, etc. I was astounded by the quotes that came back, which were all in the region of £500,000.”
This, he said, isn’t an uncommon challenge, and can see many founders “entangled in a dilemma of how to fund and how to run such a product”.
Woodhead noted it’s at this point Excelledia Ventures changes everything.
CurveBlock co-founder Gary Woodhead
The co-founder noted that having an equity vested technology partner allows a startup to concentrate on their scale-up phase without having to worry about the technology side of their innovation.
Following the announcement of the partnership, CurveBlock is already working with Excelledia’s technology developers and expects to both Alpha & Beta test its new platform in the next few months.
Woodhead added: “The partnership is a significant milestone in our road map, partnering with Excelledia Ventures bolsters the goal of a Shared Economy and a new form of financial inclusion which should simplify financial inclusion with a goal to benefit millions of lives, not only in the UK but globally.’
This is the latest partnership for CurveBlock, which has been successful over recent years attracting angel investment and agreeing deals to work with EV supplier Electric Zoo.
