Viability Secures Over £500,000 in Funding to Tackle the Housing Crisis Sustainably

London, UK – 03/09/2024 – Viability, a pioneering PropTech startup, is pleased to announce the successful raising of £535,000 in funding. This significant investment comes from a consortium of notable backers, including Paul Higgs, SFC Capital, and Clearance Capital, as well as grants from HM Land Registry (through the Geovation accelerator) and Innovate UK. The funds will be instrumental in advancing Viability’s mission to address the housing crisis through sustainable innovation, incorporating LLMs and generative AI to their platform.

Viability’s co-founder and CEO Adrià Tarrida stated, “We are thrilled to receive this substantial support from such high profile investors and grant providers. This funding not only validates our vision but also empowers us to accelerate our growth and bring transformative solutions to the housing market.”

The UK government’s recent commitment to build 370,000 homes per annum creates a timely and promising landscape for Viability. With the housing sector primed for rapid expansion, Viability’s platform is poised to play a critical role in ensuring that this growth can actually be achieved by supporting housebuilders, planners and the MMC Sector.

“With the Government setting ambitious new housing targets and proposing positive changes towards suitable Green Belt and Grey Belt development, the final piece of the puzzle is quickly and accurately assessing the real viability and potential of development land. The cost and availability of suitable land is the number one restriction on our housing industry meeting targets and with regulations growing and the process becoming more and more complex, there is no better time to be supporting the industry. Receiving this investment reinforces the importance of the mission we’re on and is a testament to the team’s hard work” added Henry Mayell, co-founder and COO of Viability.

Viability leverages cutting-edge technology, property and geospatial data to deliver a software designed for the home building industry, starting with SME home developers. By providing software that enhances efficiency, reduces costs, and promotes sustainable practices, Viability is setting new standards to determine the viability and deliverability of sites in minutes rather than weeks.

Paul Higgs MRICS, a 40 year veteran of the land, planning and property development sector, established PropTech investor and advocate for sustainable development, remarked, “Viability is built on the knowledge and experience of property professionals working at the coalface to get homes planned, financed and built and dealing with these problems first hand. We’re addressing the housing crisis with a unique blend of innovation, real world knowledge and practicality. Our approach aligns perfectly with the future direction of the industry, and I’m excited to be a key contributor in the journey as a Founding Director.”

SFC Capital and Clearance Capital also expressed their enthusiasm for Viability’s potential to revolutionise the housing market. Their investments will facilitate further research and development, incorporating additional AI solutions to their platform and enhancing Viability’s ability to deliver impactful solutions at scale.

For more information about Viability and their innovative approach to solving the housing crisis, please visit https://viability.site/ or contact press@viability.site.