Headquarters: Sydney, Australia
Countries of operation: Australia, UK, US and Europe
Used in over 11 asset-rich countries
Trendspek Co-Founder Fiona Church talks about relationship with Taronga Ventures
“Taronga Ventures is a genuinely passionate group of people. They’re prepared to roll up their sleeves, help you strategically, and also because of their commitment to ESG, they’re looking towards a better future, not just a good return on investment. We highly recommend them as an investment partner – they’ve really helped us get that traction and presence that would’ve taken us a lot longer to do by ourselves if we haven’t had that assistance.”
Trendspek participated in the RealTechX innovation program in 2020, leading to initial pilots with a Taronga Ventures fund investor PGIM Real Estate, definition of new use cases for the technology and a deepening of the relationship with the investment team.
Taronga Ventures strategic support
Taronga Ventures investment team has since supported Trendspek with all aspects of company development, from refinement of the company’s commercial model to opening access to global customers.
Customer opportunities that were opened have led to a range of commercial projects with asset owners, distribution arrangements with consultant partners and global master services agreements governing further project implementations.
The Trendspek team and revenue have more than doubled since the initial investment. The additional capacity has seen the team support rapidly growing markets, such as the UK and US, and built and support an alliance partner network that includes multinational organisations such as CBRE, Applus+, Arcadis and KBR.
The hands-on approach of Taronga Ventures has helped shape and support Trendspek’s mission: that every asset decision should be based on evidence; not assumptions.
Trendspek is a secure, cloud-based platform enabling remote collaboration to complete defect assessments, interactive 3D reporting and maintenance planning online to enable evidence-led decisions and to build more resilient structures. For more information, visit https://trendspek.com/.
Source: Trendspek November 2023