PropEco, the Glasgow-based tech company which provides a platform to assess the long-term value and viability of property, has secured £275,000 in seed funding.

Lead investor in the funding round is Symvan Capital, a London-based venture capital firm that supports early-stage, high-growth technologies companies. The University of Strathclyde’s Inspire Entrepreneurs Fund also participated.

The Scots firm said that the cash injection will be used to accelerate its mission of providing property professionals, lenders, and insurers with advanced data and analytical tools to manage the impacts of rapidly-evolving social and environmental trends, such as climate change, on properties.

Specifically, with the funding, the company aims to establish a strong foundation for international expansion over the next 12 months by growing its team and increasing product development.

Established in 2021, PropEco focuses on three main factors—transition climate change risks, physical climate change risks and impacts on wellbeing—to provide a more comprehensive understanding of the long-term value and viability of properties and locations.

The firm’s AI-powered platform analyses data from thousands of sources, many of which are proprietary, to provide granular assessments of factors such as evolving flood risk, air quality, and green retrofit potential.

This powers multiple products and services including an API, a portfolio assessment service, browser-based risk assessment tools, and property reports.

Founder and CEO Chris Hardman, a serial entrepreneur with a background in cleantech, said: “Symvan Capital and the University of Strathclyde’s decision to invest in PropEco underscores the growing importance of integrating environmental and social factors into financial and property decisions.

“With increasing awareness of the risks that trends such as climate change pose to the built environment, PropEco is well-positioned to capitalise on growing market demand and establish itself as a leader in the emerging field of climate-conscious property technology.”

He added: “Established methods of assessing risk in both commercial and residential property are not equipped to handle the complexities of rapidly changing environmental and social conditions.

“We’re talking about systemic issues that demand a data-driven approach, one that provides granular, property-level insights to inform smarter, more resilient decisions.”

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Symvan Capital investment manager Allen Xu also commented: “We are excited to support PropEco in its mission to positively impact how the property sector approaches climate risk.

“At Symvan Capital, we recognise the importance of integrating advanced analytics into decision-making processes, with accelerating climate change creating clear examples of where this need is pressing.”

Anne Henderson, interim head of investment at the University of Strathclyde, further added: “As a socially progressive, values-driven organisation, the University of Strathclyde is proud to support PropEco through our Strathclyde Inspire Entrepreneurs Fund, alongside our investment partner.

“Strathclyde is committed to supporting entrepreneurs and innovative companies who make a positive difference.”