July 15, 2021
Press Release

Icehouse Ventures Invests in Spaces

Image: Copyright Shaun Jeffers Photography

Auckland 15th July 2021 - Cerulean Labs is proud to announce that Icehouse Ventures has joined the recent internal fundraising to help Cerulean Labs as they prepare for the commercial release of Spaces - Cerulean Labs sketch-based conceptual design tool for architects.

Following the traditional "friends and family" equity raise undertaken in late 2020, Cerulean Labs recently concluded a further raise with existing shareholders to fuel up the engine as they prepare to launch their flagship product, Spaces.

As part of this internal raise, Cerulean invited a handful of new investors to participate and are pleased to announce that the Icehouse Ventures IV100 Fund has made an initial investment in the business.

"It's great to have a well-recognised investment business take a stake in Cerulean," says Campbell Yule, Founder of Cerulean Labs and Spaces. "I have followed the development of the Icehouse over the last 20years, and it's great to have this external validation through their investment", concludes Campbell.

About Icehouse Ventures

Icehouse Ventures exists to back the bravest Kiwi founders, launching global companies from New Zealand. One start-up can define a generation. Our mission is to back them. Icehouse Ventures backs brave. https://www.icehouseventures.co.nz

About Spaces by Cerulean Labs

All great architecture starts with a line - Spaces by Cerulean Labs is reinventing conceptual design for architecture. By combining sketching with the power of the iPad, Spaces provides a fast, flexible and fluid workflow allowing architects to sketch design options quickly. At the same time, live building data is at your fingertips  inform your design decisions every step of the way.

For more information, please contact:

Campbell Yule - Founder
Email: campbell@ceruleanlabs.io