We recently completed a funding round for Spaces by Cerulean Labs.
As a pre-revenue start-up, capital raising represents a vital form of validation while recognising the increased risk the investors at this point are taking.
The process took around six months, with the first three months putting feelers out into the marketplace and making initial introductions.
To keep the business operating, we opened the round to existing shareholders and a handful of new investors while landing the bigger fish.
While we raised the majority of funds from four New Zealand Angel Groups, the process was reasonably straightforward with Ian Frame for Launch Taranaki and then Graeme Thomson from Manawatu Investment Group taking the lead to manage the internal processes with the Angel Groups.
In the end, we managed to get everything over the line with only a handful of Zoom meetings – I’m based in Budapest and the Angels are all New Zealand based. However, outside of the meetings, the efforts were a lot more time-consuming, with extensive materials and several top quality QA sessions.
The last part of the process was essentially mechanical with all the documentation and was more an administration task.
Having completed the process, with the money now in the bank, we have the runway to support our upcoming commercial launch.
Capital raising is a process that start-ups need to focus on regularly and well in advance of when funds are required. That said, Iâ€™m looking forward to a slight pause from capital raising where I can focus on our business goals.
As followers of this blog, you’ll know I am passionate about architecture and enjoy taking photos of great architecture when I travel.
A few years ago on a quick trip through Singapore I discovered and photographed the following building:
I was reminded of these impressive buildings when The B1M published an article regarding the buildings:
THESE twin towers have been awarded theÂ “Urban Habitat – Single Site Scale Award of Excellence” byÂ the Council on Tall Buildings Urban Habitat (CTBUH)
The article highlights how these buildings have rejuvenated a part of Singapore and how architecture can achieve much more then just creating buildings to occupy, but also outdoor spaces that contribute to a wider population.
In August 2020 following six months of research, development and prototyping I founded Cerulean Labs with the aim of reinventing conceptual design for architects. This is a lofty goal and one that will take a number of years to see come to fruition.
However, today marks a major milestone in our early journey with the release of our first public beta.
As a team we are proud of what we have created to date but equally appreciate we are only just starting to scratch the surface what we plan to develop.
Spaces combines ideas from a huge range of people and investigations that have helped shape this first beta. Now we are excited to get a broader group of users signed up and using the software so they too can help shape this tool.
Spaces fills a void in the marketplace and we are focused on making it simple and easy to use.
As previously posts have highlighted creating a new venture is a rollercoaster of emotions and a constant juggling act. We could have taken a slightly ‘easier’ road and spent a few more months developing our first version before engaging with users but creating a tool that no-one uses is not our plan and we are excited to get our app into your hands and gather feedback, both positive and negative, and work hard to deliver regular updates and enhancements over the coming months.
Quite often things take longer then expected! But today marks the official start of something new.
Ive been trying to get something off the ground for over 12 months and after a few misguided attempts today marked the incorporation of a new business.
We’ve got a lot ahead of us before we’ll be in a position to talk about it but it is a great feeling to have my own business again.
Today marks the point where various prototypes from the last 6 months get put to the side and we start development of what will hopefully be v1 of our product.
Getting started is always a hump to get over, but while we have lots of challenges ahead of us as we begin to build a new business from the ground up, we now have a single minded goal and focus to aim at.
I’ve found there 17 Awesome Apps for Architects and Designers page a place I return after first seeing it a couple of years ago. It is great to see the apps that people are creating but I also use it to see if there are any potential gaps that I might be able to fill.
I can see a couple and am starting to explore and prototype some things to see where this may lead.
The posts on the Architizer instagram channel also provide some very useful inspiration and generate a lot of thoughts around some of my ideas.
I’m just back from a few days in Newcastle for the ninth bim show live event.
Its the first time I’ve attended but I have to say that Rob and the team put on an outstanding event packed full with a huge line up of speakers and exhibitors.
It was great as always to catch up with Rob Jackson and meet Emma Hooper. The work these two are doing primarily for Bond Bryan but also the wider community is incredible – I’m not sure where they find the hours for it all. They had two presentations regarding Better Information Management which were brilliant.
It was great to catch up with and also hear David Philp presenting as the Chair on the first day. It is a few years since David was down in New Zealand but it was good to reconnect.
Paul Tunstall’s demo of Rhino/Grasshopper/ArchiCAD/Twinmotion while showing me things I’ve seen many times before really started me thinking about something.
There was a good balance of presentations and social time and I hope I can make the trip across to attend again next year.
I also enjoyed getting out for a run and taking in some of the local architecture.
I’m in Bristol catching up with my former team from Cadimage UK. We’re almost on the shortest day, so there is more dark then light. It was a great change to test out the camera on my new iPhone 11 Pro.
Its safe to say I’m pretty impressed. Equally impressive is the lighting on the University and Cathedral.
Over the years I have travelled through countless airports and a number of train stations. Though train stations were built decades before airports the architecture catering for the mass transit of people is awe inspiring in both contexts.
Paddington is a regular of mine and it always evokes thoughts of steam trains and pullman carriages
Airports are equally impressive and have allowed many architects amazing expressions of structure to create grand spaces
I was in Christchurch Airport earlier this year and was impressed with the detailing in the regional waiting area:
Below are some shots from London Terminal 5, Taipei, Dubai, Hong Kong and Zurich
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