To serve the world’s second-biggest industry, Brussels-based APROPLAN and Copenhagen-based GenieBelt merged all their activities to form a new construction technology company, LetsBuild. LetsBuild’s 120 employees will provide cloud and mobile solutions for construction companies in 35 different countries around the world. As part of
Procore Technologies, Inc., a provider of cloud-based applications for construction, secured $75 million in a funding round led by Tiger Global Management. Procore currently has 1,300 full-time employees working across 12 offices around the globe, with 5,000 customers on projects in over 100 countries. The
Emagispace®, an interior space building block technology company, closed $5.06 million in a Series B funding round led by Alpha Edison. Emagispace strives to offer a versatile, reusable building platform that can be constructed, reconfigured, and re-purposed in less time, effort and cost of traditional construction.
BuildingConnected, a software provider for selecting real estate contractors for construction projects, secured $15 million in new funding from Brookfield Ventures. Co-founded by Dustin DeVan and Jesse Pederson, BuildingConnected drives business efficiencies for real estate owners, general contractors, and subs through technology. According to the
Tilson Technology Management acquired $1.5 million in Series D financing from Rand Capital. Tilson is an information technology professional services and network construction company that provides wireless site acquisition, construction, and maintenance for cellular, smart grid, and government entities. It specializes in fiber optic engineering, permitting,
BuildUp announced it has secured $7 million in Series A financing. Six investors contributed to the round, including TLV Partners, UpWest Labs, Abstract Ventures, and 01 Ventures. Buildup is a field construction application that aims to deliver the capabilities on-site personnel need, while giving project managers
Mobile startup GoSpotCheck closed $21.5 million in financing. Insight Venture Partners and Point Nine Capital participated in the round. GoSpotCheck's web and mobile apps automate the structuring and reporting of field data, with the goal of enabling retail companies to make better decisions faster. Team
Enterprise IT startup Assemble Systems announced it raised $12 million in Series A financing, led by Autodesk, with participation from Assemble Investments and Satterfield Vintage Investments. Assemble’s software allows architecture, engineering and construction teams to access, analyze, and share model-based building information to improve project predictability.
Software startup Bridgit announced the completion of $2 million in financing led by Standup Capital and MaRS Investment Accelerator Fund. Bridgit’s mobile construction software platform allows users to log issues with photos, send automated messages with subcontractors, track the real-time status of all tasks, report on
Rhumbix, a mobile platform designed to increase construction productivity and safety, closed $7.3 million in financing led by Blackhorn Ventures, with participation from Greylock Partners, Brick & Mortar Ventures, Spectrum 28, Glynn Capital Management and Kiddar Capital. Rhumbix modernizes construction field operations to help builders go