16 November 2022 – The PropTech platform, Kinexio, is stepping up its global growth plans following a management buyout (MBO) backed by investment from Synova Capital.
The mobile-first software is designed to support property management teams, improve tenant communication and enhance the customer experience. The platform enables real-time communication and data sharing between all stakeholders, which drives operational efficiencies for building owners, managers, investors, and tenants.
Kinexio is provided by Toolbox Group, owned by Food for Thought Solutions Ltd. The MBO will see David Fuller-Watts become CEO of Food for Thought Solutions, acquiring the business from founder and former CEO Michelle Buxton. The business will now be entirely focused on delivering the Kinexio platform.
David has been part of the Toolbox team since 2007 and was a co-creator of Kinexio, establishing it as a leading retail property solution across the UK and Europe. In 2018, he moved to the U.S to set up the U.S operations, Toolbox Group LLC. On returning to the UK, he was appointed Managing Director of Kinexio in January 2021.
Through product growth and geographical expansion, the business has achieved a compound annual growth rate (CAGR) of more than 40% over the last three years. Adoption of the platform more than doubled in 2021 with the technology now in use across 650 properties spanning 400 million sq ft globally.
Clients include Unibail-Rodamco-Westfield, Brookfield Properties, and Shopcore Properties in the US, Savills and British Land in the UK, Liberty Two Degrees in South Africa, and ECE Marketplaces in Europe.
