Home renovation projects can be unpredictable for both customers and builders. While small contractors often stick to outdated software, larger companies like IKEA struggle with legacy systems. This is where U.K. startup Beams comes in, aiming to revolutionize the industry. With a recent $9 million Series A funding round, their total raised now stands at $13.3 million.
### Solving a Common Problem
Beams offers a pricing engine that predicts project costs and durations, leveraging data from over 6,000 previous building projects. By utilizing 3D photographic and laser scans, they create detailed home models for renovation designs. Founder Hayden Wood, previously of renewable energy startup Bulb, saw the need for simplifying home improvements and making them more accessible.
### Disrupting the Market
Recognizing the lack of software adoption in residential construction, Beams acts as a managed marketplace connecting customers and builders. Their platform adds efficiency and predictability to the renovation process, setting them apart from competitors like kitchen companies and lead-gen websites for contractors. With a market worth £380 billion in Europe and £5.5 billion in London alone, Beams is poised for significant growth across the region.
The company plans to expand its reach and accelerate product development to serve a wider customer base. In the event of setbacks, they are prepared to adjust spending and explore alternative business models. With a strong focus on sustainability and practical home improvements, Beams aims to modernize the housing market in the UK and Europe, as recognized by investors like ETF Partners.
