Jan 20 2021
EHAB, a UK-based weather risk management platform that helps construction companies reduce the cost of weather interruptions, has raised further funding. English start-up, EHAB aims to help construction companies identify and plan for weather-related risks using decades’ worth of weather data. Its distributed ledger (blockchain) technology platform connects construction schedules produced in Primavera P6 to …
Permanent link to this article: http://extranetevolution.com/2021/01/weather-risk-management-platform-ehab-raises-investment/
Jul 31 2020
Field image capture technology provider Buildots has raised £12m in funding to fuel its expansion plan. Tel Aviv, Israel-based startup Buildots has raised £12m (US$16m) in venture capital backing to fund its expansion plans (reports The Construction Index and TechCrunch). As described in Extranet Evolution in December 2019, Buildots’ solution combines 360-degree body-worn cameras with artificial …
Permanent link to this article: http://extranetevolution.com/2020/07/buildots-expansion/
Dec 20 2018
Carpinteria, California-based SaaS construction technology provider Procore has announced that it has closed a $75 million funding round led by Tiger Global Management (in October 2018, Tiger Global raised $3.75bn for its latest VC tech investment fund, surpassing its initial target of $3bn – FT). This round, which values the company at $3 billion (up from $1bn …
Permanent link to this article: http://extranetevolution.com/2018/12/procore-closes-us75m-funding-round/
Nov 24 2017
Rhumbix automates construction workforce timekeeping and reporting at the field level via a mobile app, and provides real-time reporting, benchmarking and analysis to managers. Sometimes being separated by an ocean and continent doesn’t help communication. As a London-based writer, I received a news release about San Francisco, California’s Rhumbix, and reached out for an interview, …
Permanent link to this article: http://extranetevolution.com/2017/11/rhumbix-and-real-time-site-data/
Sep 27 2016
Showing once again that there is a lot of investor interest in mobile-oriented construction collaboration platforms, Paris-based Finalcad has announced that is has secured €20m (US$22.4m or £17.25m) Series B funding to help finance its international development ambitions. FinalCad was established in France in 2011 and started to grew domestically following adoption by several major clients, …
Permanent link to this article: http://extranetevolution.com/2016/09/finalcad-raises-e20m-series-b-funding/
Sep 16 2016
TechCrunch reports that Copenhagen, Denmark-based construction Software-as-a-Service vendor GenieBelt has secured €2 million in new investment to ramp up marketing for its platform. TechCrunch says the round was led by Danish Solar A/S, a publicly listed European sourcing and services company operating within the electrical, heating and plumbing, and ventilation technology sectors. GenieBelt chairman Klaus Nyengaard, formerly CEO of …
Permanent link to this article: http://extranetevolution.com/2016/09/geniebelt-raises-e2m-funding/
Apr 25 2016
Bridgit, the Ontario, Canada-based construction project management technology startup, has closed a US$1.7 million seed round led by Hyde Park Venture Partners with participation from Vanedge Capital. The business, which I first wrote about in August 2014, plans to use the funding to hire new engineers and salespeople and acquire more US customers for its …
Permanent link to this article: http://extranetevolution.com/2016/04/bridgit-closes-1-7m-seed-funding-round/
Nov 03 2015
UK construction product data start-up SpecifiedBy has closed a second seed round of investment of £350,000. Some 18 months after securing an initial round of seed funding (post), Edinburgh & Newcastle based startup, SpecifiedBy, has closed a second seed round of investment of £350,000, led by existing investors IP Group Plc and Northstar Ventures, with …
Permanent link to this article: http://extranetevolution.com/2015/11/specifiedby-raises-further-funding/
May 19 2015
San Francisco, California, US-based construction mobile solutions provider PlanGrid has raised $18 million in series A financing to help fuel its growth. As part of the investment deal, Sequoia Capital‘s Doug Leone has joined the PlanGrid board of directors. In its news release, co-founder and CEO of PlanGrid, Tracy Young says: “Despite significant gains driven by technology …
Permanent link to this article: http://extranetevolution.com/2015/05/plangrid-gets-18m-funding/
Feb 11 2015
GenieBelt, the Copenhagen, Denmark-based provider of a free SaaS construction collaboration platform (launched in November 2014), today announced a new angel round led by European angel investor and former CEO of Just Eat, Klaus Nyengaard. Ditlev Bredahl, CEO of OnApp, also contributed to the €700,000 funding round. GenieBelt says it will use the angel funding round …
Permanent link to this article: http://extranetevolution.com/2015/02/geniebelt-announces-e700k-funding-round/
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