London-based Pego Limited Secures £1.2m Investment to Revolutionise Commercial Cleaning Management

Pego Limited, a London-based technology company focused on enhancing building services, has successfully secured £1.2m in a recent funding round. The investment, which saw the company achieve an estimated post-money valuation of £29.8m, underscores growing investor confidence in solutions designed to modernise property management and operational efficiency. The allotment of shares for this round was completed on April 4, 2026, with the filing date on April 5, 2026.

Founded on May 17, 2018, Pego Limited addresses a critical need within the commercial cleaning sector: improving hygiene standards while simultaneously reducing operational costs. The company achieves this through its innovative technology solution, which integrates ceiling-mounted workplace monitoring pods with a sophisticated digital platform. This system provides real-time feedback to both managers and cleaning teams, enabling a data-driven approach to facility management. Pego Limited currently employs 10 individuals, according to its latest available accounts. Specific revenue or profit/loss figures for the company have not been publicly disclosed.

This £1.2m investment marks a significant milestone for Pego Limited, representing its first substantial external funding round. While the company previously filed a statement of capital following an allotment of shares for a nominal amount in April 2022, this latest injection of capital is a clear indicator of its growth trajectory and market potential. The investors participating in this round have not been publicly named. The estimated post-money valuation of £29.8m positions Pego Limited as a notable player in the burgeoning PropTech and smart building technology landscape.

The funding round for Pego Limited aligns with broader trends observed in the UK’s PropTech and Software-as-a-Service (SaaS) sectors. The UK boasts one of Europe's strongest PropTech markets, with over 845 active companies, marking a 180% increase in the past decade. Collectively, UK PropTech companies have attracted £3.05bn in equity funding, with £1.93bn secured since 2020 alone. Investment in PropTech startups surged in 2025, reaching £1.2bn, which represented a 25% increase from the previous year. The sector is projected to experience substantial growth, with market size expected to expand from $2.89bn in 2025 to $13.11bn by 2035, demonstrating a compound annual growth rate (CAGR) of 16% over that period.

Pego Limited’s focus on smart building technology for efficiency and management places it squarely within a rapidly expanding segment. Key trends driving the UK smart building market include the increasing adoption of Internet of Things (IoT) technology, artificial intelligence (AI), and machine learning for predictive maintenance, energy optimisation, and enhanced building operations. There is also a rising demand for sustainable and green buildings, alongside a greater emphasis on occupant comfort and wellness, all of which smart building technologies can address. Government initiatives, such as the Net Zero Strategy by 2050, and increased investment in AI are further propelling the sector's growth. The property management segment, which Pego Limited directly impacts, is identified as the largest within the UK PropTech market.

While the broader UK tech ecosystem saw startups raise approximately $14bn in 2025, making it the largest in Europe, early-stage investment did experience a 22% drop in 2025, even as late-stage funding remained flat. However, seed funding surged in 2025, with AI, HealthTech, Sustainability, and FinTech identified as key drivers of innovation. Pego Limited's solution, leveraging AI and IoT for operational efficiency in commercial properties, positions it well within these prevailing investment themes. The global SaaS market, which underpins Pego's digital platform, is also experiencing robust growth, with estimates suggesting it could reach around $300bn by 2025.

The investment in Pego Limited reflects the ongoing digital transformation of the built environment. As businesses increasingly seek to optimise operations, reduce costs, and meet sustainability targets, technology solutions like Pego’s are becoming indispensable. The company's ability to provide real-time data and actionable insights for commercial cleaning management addresses a tangible need, contributing to the broader trend of smarter, more efficient, and sustainable buildings across the UK.