England: Ashfords LLP advise Igeolise on its recent £3.1 million investment from Etf Partners
iGeolise have developed the TravelTime platform, a software that shows where you can travel within a given time period. Whether walking, cycling, driving or taking public transport, the platform instantly generates a travel time shape showing the reachable area, then ranks and sorts thousands of locations within that area by their travel time. This allows users to locate, for example, a pharmacy before it shuts, using public transport; all hotels within 15 minutes of the airport; or a new office location within the shortest commute for all employees.
iGeolise is already used on property websites including Rightmove, Zoopla and Foxtons to help house hunters discover where they can live within a reasonable commute. Recruitment sites such as TotalJobs and Jobsite use TravelTime to match candidates to vacancies. Other clients include the world's largest commercial property company CBRE, and the NHS. The TravelTime platform is live across 35 countries including all of Europe and North America.
ETF Partners who invested in iGeolise support talented entrepreneurs and management teams with investment capital and experience. Their funds come from institutional investors, global corporations and family offices.
Charlie Davies, Director and Co-Founder at iGeolise Ltd commented: “From the moment we first met ETF, they ‘got it’; they understood why minutes mean more than miles. With their support, we can now expand TravelTime to more people, in more ways, more frequently. Ashfords’ advice and expertise on this investment round made a big difference to us.”
Giles Hawkins, Corporate Technology Partner at Ashfords commented: “We’re delighted to have worked with the iGeolise on this investment round and are pleased to be working with them going forward. Our public sector and property teams are increasingly dealing with companies which are seeking to making our cities smarter and greener. It is fantastic to see that iGeolise's product will be part of pushing people to greener forms of transport".
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