# Converge

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/converge-2

- Industry: Software
- Headquarters: London, UK
- Website: www.converge.io
- Total disclosed funding: $37M
- Latest round: Series A (Mar 12, 2025)
- Investors on record: 9

## About

Based in London, UK, and founded in 2014 by its CEO Raphael Scheps and CTO Gideon Farrell, Octagon I/O Limited trading as Converge operates as a developer of wireless sensor networks designed to help construction companies. In May 2025, Converge raised EUR 20 million in venture funding led by new investor ABN Amro, with participation from other new investors Move Energy, J-Impact, and PI Impact. Returning investors Climate Investment, TO VC, Force Over Mass Capital, and other unspecified investors also participated in the round. The company plans to utilize the May 2025 funding to spread its technology via global expansion.

## Funding rounds

- Series A, Mar 12, 2025, $17M — Force Over Mass Capital, ABN AMRO, J-Impact, Climate Investment, TO VC, Move Energy
- Series A, May 24, 2022, $20M — Oil and Gas Climate Initiative, TO VC
- Seed, Dec 19, 2014, $0M — Martlet Capital, Entrepreneur First

## Investors

- Martlet Capital (https://capitalatlas.ai/funds/martlet-capital) — Seed
- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Seed
- Oil and Gas Climate Initiative — Series A
- TO VC (https://capitalatlas.ai/funds/to-vc) — Series A
- Force Over Mass Capital (https://capitalatlas.ai/funds/force-over-mass-capital) — Series A
- ABN AMRO (https://capitalatlas.ai/funds/abn-amro) — Series A
- J-Impact (https://capitalatlas.ai/funds/j-impact) — Series A
- Climate Investment (https://capitalatlas.ai/funds/climate-investment) — Series A
- Move Energy (https://capitalatlas.ai/funds/move-energy) — Series A