VentureOn Partners, a prominent venture capital firm headquartered in Brisbane, has unveiled a substantial investment in Deep Space, an innovative construction technology company. This strategic alliance marks a significant milestone in the evolution of construction technology.
The collaboration filled Luke Johnson, Co-Founder and CEO of Deep Space, with excitement. He expressed his thrill in welcoming VentureOn as a strategic investor, noting that their dedication and operational collaboration were poised to propel Deep Space to unprecedented heights in the construction technology arena.
“VentureOn’s investment underscores the value our solutions bring to major construction projects worldwide. This partnership perfectly aligns with our vision of extending our reach and impact in the industry.”
Michael Clothier, Co-Founder and COO of Deep Space
Currently, Deep Space enjoys the trust of industry professionals globally and has played a pivotal role in enhancing the efficiency of significant construction projects. Its innovative solutions, including data acquisition add-ins, secure cloud storage, and pioneering Core Thread Technology, have already showcased their effectiveness in high-profile ventures such as the Hong Kong Airport and Cross River Rail, substantially elevating project efficiency and data management capabilities.
VentureOn’s investment is accompanied by a clear vision of collaborating closely with Deep Space to expand its domestic operations and scale internationally. The partnership is poised to drive growth and development, with a primary focus on scaling the company and securing a Series A investment to fuel further global expansion.
“This investment reaffirms VentureOn’s commitment to nurturing and scaling local SaaS companies for international success. Our hands-on approach to growth and strategy positions us as a valuable partner for companies like Deep Space.”
Sean Diljore, Co-Founder and General Partner at VentureOn Partners
VentureOn’s dedication to the construction tech and property tech sectors is evident through this strategic investment, which follows the recent acquisitions of Story Bridge Ventures and PropTech BNE in October. The firm believes in the transformative potential of these domains and is dedicated to supporting innovations that enhance the construction and property industry.
In summary, VentureOn’s strategic investment in Deep Space marks a pivotal moment in the evolution of construction technology. With a shared vision for innovation and growth, this partnership is poised to revolutionize the industry, delivering cutting-edge solutions and driving global expansion in the construction domain.
