News Summary

UK startup Beams has raised a $9 million Series A funding round to address inefficiencies in the home renovation market. The funding was led by ETF Partners with participation from Giant Ventures, firstminute capital, and Borusan Ventures. Beams aims to modernize the renovation process by using proprietary software to predict project costs and timelines, leveraging 3D photographic and laser scans to design renovations. The company, founded by Hayden Wood, seeks to make home upgrades more accessible and sustainable. Beams has sold over £4 million in projects since September 2023 and is active on 130 renovations, with plans to expand across the UK and Europe. The renovation market in Europe is valued at £380 billion, presenting significant growth opportunities for Beams.