{"id":161279,"date":"2024-10-25T11:33:26","date_gmt":"2024-10-25T11:33:26","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/25\/labour-backer-depledge-raises-5m-for-start-up-resi-design\/"},"modified":"2024-10-25T11:33:26","modified_gmt":"2024-10-25T11:33:26","slug":"labour-backer-depledge-raises-5m-for-start-up-resi-design","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/25\/labour-backer-depledge-raises-5m-for-start-up-resi-design\/","title":{"rendered":"Labour backer Depledge raises \u00a35m for start-up Resi Design"},"content":{"rendered":"
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The technology entrepreneur who introduced Rachel Reeves before her speech at this autumn’s Labour Party conference is raising \u00a35m for her architectural technology start-up.<\/p>\n

Sky News understands that Resi Design, which was co-founded by Alex Depledge and counts ITV, the broadcaster, among its shareholders, is in detailed talks to close a funding round that will value it at about \u00a320m.<\/p>\n

Sources said that Nesta and Foresight, two investment funds, have been in talks about injecting just under \u00a35m into the company.<\/p>\n

Foresight is also understood to be acquiring a stake in Resi Design owned by the ventures arm of Omers, the Canadian pension fund.<\/p>\n

Resi Design was founded by Ms Depledge and Jules Coleman in 2017, and has previously expressed an ambition to float on the stock market at some point.<\/p>\n

The company is chaired by Tim Weller, a serial entrepreneur who oversaw Trustpilot’s London stock market listing.<\/p>\n

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Originally called Buildpath, Resi Design aims to provide a comprehensive service for homeowners looking to build or extend their properties.<\/p>\n

Last year, ITV’s media-for-equity division took a stake in the company in exchange for up to \u00a33m of advertising inventory.<\/p>\n

Ms Depledge addressed the Labour conference immediately before the chancellor’s speech last month, telling delegates: “If I have to choose a smart person to run this nation’s spreadsheets, I choose Rachel… if have to choose a leader to champion high growth and balance our books, again, I choose Rachel.”<\/p>\n

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The Resi Design co-founder has been contacted for comment.<\/p>\n<\/p><\/div>\n


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The technology entrepreneur who introduced Rachel Reeves before her speech at this autumn’s Labour Party conference is raising \u00a35m for her architectural technology start-up. Sky News understands that Resi Design, which was co-founded by Alex Depledge and counts ITV, the broadcaster, among its shareholders, is in detailed talks to close a funding round that will […]<\/p>\n","protected":false},"author":2,"featured_media":161280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/e3.365dm.com\/24\/03\/512x512\/skynews-gfxwhatsapp-gfxwhatsapppromo_6490210.png","fifu_image_alt":"","footnotes":""},"categories":[603],"tags":[28561,125595,1663,843,506,125596,2293],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/161279"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=161279"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/161279\/revisions"}],"predecessor-version":[{"id":161281,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/161279\/revisions\/161281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/161280"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=161279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=161279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=161279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}