What is Urban Umbrella?
Urban Umbrella is a pioneering company that designs, patents, and fabricates an alternative scaffolding bridge system approved by The New York Department of Building. This unique product represents the first significant design substitute for traditional scaffolding in over six decades. Recognized in an international design competition, Urban Umbrella's design was lauded for its potential to improve quality of life, reduce construction impacts on businesses, enhance pedestrian safety, and increase available sidewalk space. The company's innovation aims to redefine urban construction site management and pedestrian flow.
How much funding has Urban Umbrella raised?
Urban Umbrella has raised a total of $19.1M across 5 funding rounds:
Angel/Seed
$1.5M
Series A
$2M
Debt
$150K
Series B
$9M
Debt
$6.5M
Angel/Seed (2016): $1.5M with participation from Red Bear Angels, Green Egg Ventures, and CHASELLA companies
Series A (2019): $2M, investors not publicly disclosed
Debt (2020): $150K supported by PPP
Series B (2020): $9M, investors not publicly disclosed
Debt (2022): $6.5M backed by Anthos Properties
Key Investors in Urban Umbrella
Red Bear Angels
Red Bear Angels is an investment group focused on supporting companies associated with Cornell University, providing mentorship and networking opportunities to early-stage ventures.
CHASELLA companies
CHASELLA is a private equity and early-stage investment firm with extensive experience in real estate, focusing on accelerating the growth of promising companies through strategic advice and technological support.
Anthos Properties
Anthos Properties is a real estate company dedicated to developing and managing apartment communities, emphasizing community growth and excellence in service delivery.
What's next for Urban Umbrella?
With the recent infusion of capital, Urban Umbrella is poised for accelerated expansion and further development of its groundbreaking scaffolding solutions. The company's strategic investment suggests a focus on scaling operations, potentially increasing manufacturing capacity, and broadening its market reach beyond New York City. Future endeavors will likely involve solidifying its position as a leader in urban infrastructure safety and design, possibly exploring new product lines or enhancing existing ones to meet evolving city planning needs. Continued investment will be crucial for Urban Umbrella to maintain its competitive edge and drive innovation in the construction and urban development sectors.
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