The ProVen VCTs have today announced the sale of their stake in WiredScore. The global certification for digital connectivity and smart technology in real estate, has been acquired by Meter, a leading provider of internet infrastructure for the enterprise. Terms of the transaction have not been disclosed.

The ProVen VCTs led WiredScore’s $15m Series B in 2022, alongside Cushman & Wakefield, Crow Holdings, and Taronga Ventures, as well as existing investors Fifth Wall, Bessemer Venture Partners, and Jona Capital.

The business has since established itself as the global benchmark for connectivity and smart building certification. Founded in 2013, WiredScore has worked with more than 1,000 landlords and developers across 42 countries and certifying more than 1 billion square feet of real estate worldwide.

The ProVen VCTs – represented by Harry Thomas, Partner and Head of Portfolio at Beringea, the investment manager of the ProVen VCTs, on the board of directors – has worked closely with the WiredScore team to deliver its global expansion. This support has included participation in the Beringea Scale-Up Academy, the manager’s flagship portfolio programme, and its biennial CEO retreats, as well as guidance on specialist issues such as international growth and the adoption of artificial intelligence.

Meter – headquartered in San Francisco and backed by leading venture capital firms, investors, and founders – provides internet infrastructure for enterprises and commercial buildings, delivering scalable connectivity across internet, Wi-Fi, and cellular.

“The ProVen VCTs have been an invaluable partner throughout WiredScore's growth journey,” said William Newton, CEO of WiredScore. “Harry Thomas brought genuine expertise and engagement as a board member, while the broader Beringea network created real opportunities for learning and collaboration – from navigating AI to scaling internationally. The portfolio retreats and CEO community they fostered were exactly the kind of strategic support that helps leaders make better decisions during a challenging macroeconomic period. We're grateful for everything they've contributed.”

Harry Thomas, Partner and Head of Portfolio at Beringea, commented: “Since our investment in 2022, the property markets have faced substantial headwinds. And yet, William and the team have consistently demonstrated clear-sighted execution that has navigated these complexities and firmly established the business as the global standard in digital connectivity. We have every confidence that the business will go from strength to strength following this acquisition.”