Polaris Growth Fund Invests in ID Plans to Expand Commercial Real Estate Technology Platform
ID Plans, a property intelligence and technology provider for the commercial real estate sector, has secured a strategic investment from Boston-based private equity firm Polaris Growth Fund (PGF). The partnership aims to provide ID Plans with the capital and operational expertise necessary to accelerate product innovation and scale its ecosystem of management solutions. The funding will specifically support the development of new capabilities within the ID Cloud platform, which utilizes 3D cameras and drones for property profiling. While undergoing this growth phase, ID Plans will maintain its current leadership team and brand identity. Software Equity Group acted as the financial advisor for the transaction.
Topics: Business Expansion Commercial Real Estate Technology Private Equity Strategic Investment