Urban Umbrella Raises $6.5M in Venture Debt Funding

USA – Urban Umbrella, a New York-based scaffolding design company, raised $6.5M in venture debt funding.

The round was led by Anthos Properties.

The company intends to use the funds to accelerate expansion of production capacity, growth in secondary markets, and deepening penetration in New York City.
Led by Benjamin Krall, Founder and CEO, Urban Umbrella provides a design substitute for traditional scaffolding, a white, cross-bracing-free sidewalk shed composed of high-strength steel, translucent plastic panels, LED lighting, and arching struts that combine the strength of a highway bridge and the beauty of a work of art.The company won an International design competition with over 260 contestants and was proclaimed by the Mayor Michael Bloomberg and Department of Buildings Commissioner Robert LiMandri as the new exemplar of scaffolding for NYC. The Urban Umbrella design was chosen to help improve quality of life, reduce construction impacts on businesses, increase pedestrian safety, and increase available space for pedestrians on sidewalks. As of December 2021, the company’s scaffolding was installed at 100 sites throughout New York City. Clients are some of New York City’s largest developers, building owners, and general contractors, including Savanna Fund, Sciame Construction, Gilbane Building Company, The Feil Organization, GFP Real Estate, Lendlease Group, Saks Fifth Avenue, RXR, The Palace Hotel, The Peninsula Hotel, The Plaza Hotel, RFR, and Hines.17/01/2022