Scottish startup QuickBlock has received over £250,000 in seed funding that will help the company develop its rapid-assembly building blocks.
The investment from Equity Gap and Scottish Enterprise will help the Glasgow-based company grow its 100% recycled plastic products in new markets. In particular, the company is considering global market opportunities within agriculture, humanitarian aid and disaster relief.
In addition, the company will use the funds to create four skilled jobs, including securing the long-term appointment of its interim CEO, Andrew Vincent. Other new positions include head of sales, sales executive and graduate-level marketing and product designer.
Commenting on the funding, QuickBlock Chairman Tom Thomson said: “Our investors’ commitment validates and supports our ambition to make QuickBlock one of Scotland’s major business successes. We are now recruiting for a further three new members of staff and ramping up output as the product gains appeal in diverse markets.”
QuickBlock offers flatpack building material that requires no tools, additional materials, or construction experience to assemble. Its compact design makes it easy to transport to remote or hard-to-reach locations, such as rural settlements or camps.
In addition, being made from 100% recycled polypropylene means they are lighter than traditional cement blocks and saves plastic that would otherwise go to landfill.
QuickBlock CEO Andrew Vincent added: “We have an innovative, sustainable, market-ready product and, despite a challenging year with Covid-19, we’ve gained traction across a number of sectors. This investment will allow us to respond to this growing demand, build our sales team and scale up at pace over the next year. Longer-term, we have a bold and ambitious vision to enable people all over the world to build a greener future with QuickBlock.”
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The company recently worked with students from Oxford University as part of an industry skills development programme to develop the block’s deployment within the humanitarian market.
Additionally, it has been further tested in a variety of applications and the company is seeking partners in the construction industry that see the benefits of the time-saving and sustainable technology.
The company was also a finalist at this year’s Scottish EDGE, which aims to identify and support Scotland’s up-and-coming, innovative, high-growth entrepreneurial talent.
Caitlyn Hughes, Relationship Manager at Equity Gap, said: “This innovative new building technology will help meet the challenges faced by a variety of sectors where speed, reusability and sustainability are priorities.
“Products like QuickBlock can enable a greener future and put Scotland at the forefront of the technologies that will support the country’s drive to net zero. This funding will allow the company to expand the team, increase focus on sales and marketing, and deliver new product improvements.”