Ynomia Lands Record Project with UK Government Constructor, Kier

Ynomia has been selected as a technology partner for Kier, who has been successful in its tender submission to build one of four new mega prisons in the UK



Aura Venture Fund I portfolio company, Ynomia, is excited to be able to announce that it has officially been selected as a technology partner for Kier Group Plc (Kier) who have been successful in its tender submission to build one of four new mega prisons in the UK.

The project win will be Ynomia’s biggest to date and will provide the business with a significant amount of revenue as well as a huge opportunity to prove its value within a unique type of development.

Kier is a public British construction and engineering business with a focus on delivering infrastructure sustainably, utilising the latest building methods, innovations and technology. Each year, Kier delivers over 170 projects of all sizes and complexities for its key Government clients that include; Transport for London, the Ministry of Justice and the Department for Education. Their decision to partner with Ynomia endorses the value that the technology can provide and the need for general contractors to access more data during construction.

The project with Kier is confirmed to begin in 2022 and Ynomia is looking forward to its commencement as it looks to build a strong and durable partnership with its new global client. Kier will be the third UK based client that Ynomia has signed, highlighting the global application of its offering. The team are also working on a number of opportunities in the USA that we hope to be able to report on shortly.


Important information

This information has been issued by Aura Funds Management Pty Ltd (“Aura”) (ABN 96 607 158 814, Authorised Representative No. 1233893 of Aura Capital Pty Ltd AFSL No. 366 230, ABN 48 143 700 887), the Manager of the Aura Venture Fund I (“Fund”). This information is for accredited, qualified, institutional, wholesale or sophisticated investors only and is provided is for information purposes only and does not constitute an offer or invitation for the subscription, purchase or transfer of interests in the Fund. The information is of a general nature only and has been provided without taking into account the investment objectives, financial situation or needs of any particular investor. Therefore, before acting on the information contained in this report you should seek professional advice and consider whether the information is appropriate in light of personal circumstances. Aura does not guarantee the performance of its funds, the repayment of any capital or any rate of return. Investing in any financial product is subject to investment risk including possible loss. An investment in the Fund should be regarded as speculative.  While every care has been exercised in compiling the information contained in this presentation, Aura accepts no responsibility for any errors or omissions within it. Past performance is not an indicator of future performance. Information in this report is based on the information provided to Aura by third parties that may not have been verified. Aura believes that the information is reliable but does not guarantee its accuracy or completeness. Aura is not able to give tax advice and accordingly investors should obtain independent advice from an accountant and/or lawyer before making any decision based on the tax treatment of its investors.  

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