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.