In a strategic move to enhance its offerings in construction operations and risk management, BiltOn (formerly known as Beti) has announced the successful completion of a $15 million Series B funding round. This significant investment was spearheaded by PSG Equity, a leading growth equity firm focused on software and technology-enabled services, with notable participation from…
In a significant move for sustainable construction, Circuland, a London-based startup, has successfully raised €750k in a pre-seed funding round aimed at enhancing circular economy practices within the construction sector. Led by Apeiron Ventures, with participation from Astylab Ventures, this funding will accelerate Circuland’s product development and expand its team, solidifying its position as a…
In a groundbreaking initiative aimed at revolutionizing construction permitting, GreenLite has successfully closed a Series A funding round, raising $28.5 million. This funding, led by Craft Ventures and supported by 53 Stations, Trust Ventures, and LiveOak Ventures, will empower GreenLite to enhance its technology platform and expand its innovative Private Plan Review service. Launched in…
Trestle, the pioneering platform for subcontractor and supplier data centralization and performance management in the construction industry, has successfully secured $2.3 million in pre-seed funding. The round was led by Lerer Hippeau, with participation from MetaProp, Laconia Capital, Alumni Ventures, The LegalTech Fund, Redbud VC, and Meridian Ventures. Trestle, founded in 2022, is designed to…
Planera, a leading innovator in construction CPM scheduling and planning, has announced the successful completion of a $13.5 million Series A funding round. The round was led by Sierra Ventures, with significant contributions from Sorenson Capital, Brick and Mortar Ventures, Prudence VC, and Firebolt Ventures. This investment will accelerate Planera’s development of its advanced collaborative…
Adept Materials, a trailblazer in advanced materials technology, has announced a significant milestone with the successful closing of its first $4 million seed funding round. This injection of capital is poised to accelerate the commercialization of Adept’s groundbreaking directional moisture control technology. The funding round is spearheaded by major North American homebuilders D.R. Horton and…
Infotech®, a pioneer in infrastructure construction software solutions, has announced its acquisition by Diversis Capital Management, LP, a prominent private equity firm specializing in software and technology-enabled services. Founded in 1977, Infotech has played a pivotal role in the infrastructure sector, notably as the contractor for AASHTOWare Project™. This acquisition marks a strategic move to…
Adaptive, a pioneering financial automation platform dedicated to transforming financial management in the $2 trillion construction industry, announced the successful closure of a $19 million Series A funding round on Monday. This significant investment, led by Emergence Capital and joined by Andreessen Horowitz, Definition, Exponent, 3kvc, Box Group, and Gokul Rajaram, propels Adaptive towards scaling…
Leasi, a pioneering Norwegian startup specializing in construction technology, has announced a significant milestone with the completion of a €1.1 million pre-seed funding round. This round saw strategic investments from industry giants including Skanska, a global leader in construction, and StartupLab, Norway’s foremost early-stage investor. Additional backing came from Gnist Capital and Weseed, marking a…
Clearstory, the pioneering change order communication platform in the construction industry, has announced the successful closure of a $16 million Series B funding round. This investment, led by Prudence alongside Industry Ventures and existing investors Jackson Square Ventures, Building Ventures, GS Futures, and Cloud Apps Capital Partners, brings Clearstory’s total capital raised to $35 million….
