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Artificial Intelligence Construction Machine Learning North America

1build Announces $19.5M in Funding

– 1build, a constructions solutions startup.
– The company closed a $19.5M Series B round of financing.
– The round was led by Rethink Impact, with participation from existing investors.

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Construction Events Industrial Industrial Manufacturing North America Packaging Services Retail SaaS Staffing Agency Virtual Workforce

WurkNow Raises $10M in Series A Funding

– WurkNow is a digital staffing and workforce management platform for hourly work.
– Company raised $10m in Series A funding.
– The round was led by Newport Hayseed Group.
– The new investment will be used to optimize the company’s user base and product offering, including investments in new product development, staff growth and scaling its brand and market presence.

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Analytics Construction Robotics Western Europe

Kewazo Raises $5M in Series A Funding

– Kewazo is a Munich, Germany-based construction technology company.
– Company raised $5M in Series A funding.
– The round was led by True Ventures with participation from MIG AG.
– The new investment will be aimed at expanding operations and business reach.

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Analytics Construction Robotics Western Europe

Kewazo Raises $5M in Series A Funding

– Kewazo is a Munich, Germany-based construction technology company.
– Company raised $5M in Series A funding.
– The round was led by True Ventures with participation from MIG AG.
– The new investment will be aimed at expanding operations and business reach.

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Construction Insurance North America

Shepherd raises $6.2M seed round to tackle the construction insurance market

– Shepherd, an insurtech startup focused on the construction market, has closed a $6.15m seed round led by Spark Capital.
Susa Ventures also participated in Shepherd’s latest fundraising event.
– Thinking broadly, Shepherd fits into a theme of neoinsurance providers selling more to other companies than to consumers.
– Insurtech startups serving consumers enjoyed years of venture capital backing only to find their public debuts met with early optimism followed quickly by eroding share prices.
– But companies like Shepherd — and Blueprint Title earlier this week — are wagering on there being margin elsewhere in the insurance world to attack.
– For Shepherd, the construction market is its target, an industry that it intends to carve into starting with excess liability coverage.

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Artificial Intelligence Cloud Storage Collaboration Computer Vision Construction Eastern Asia Geospatial Information Technology Software

Korean 3D spatial data tool startup Urbanbase closes $11.1M Series B+ round

– Urbanbase, a Seoul-based company that develops a 3D spatial data platform for interior planning and design, announced it has raised $11.1 million (13 billion won) in a Series B+ round as it scales up.
– This round of funding was led by Hanwha Hotel & Resort.
– Urbanbase, founded in 2013 by chief executive officer and a former architect Jinu Ha, has now raised $20 million (approximately 23 billion won) in total.

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Artificial Intelligence Construction North America Oil and Gas Predictive Analytics Public Safety Risk Management

Urbint, which uses AI to predict threats to infrastructure, nabs $60M

– Urbint, a company developing software that can predict threats to critical infrastructure, announced that it raised $60 million in a series C funding round led by Energize Ventures with participation from American Electric Power, and OGCI Climate Investments, as well as existing investors Energy Impact Partners, National Grid Partners, Blue Bear Capital, and Salesforce Ventures.
– Founder and CEO Corey Capasso said that the proceeds will enable Urbint to scale its technology, introduce new solutions, and enter new verticals of infrastructure as well as expand its workforce.

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Commercial Construction Industrial North America

Diamond Age Raises $8M Seed Funding Round

– Diamond Age, a full stack robotics startup that is automating new home construction to make home ownership more affordable, raised an $8m seed round.
– The round was led by Prime Movers Lab and Alpaca VC.
– Additional investors include Dolby Family Ventures, Calm Ventures, Gaingels, Towerview Ventures, GFA Venture Partners, and Suffolk Construction.

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Construction Marketplace North America

Machinery Partner Raises $4.5M in Seed Funding

– Machinery Partner, a Boston, MA-based company offering novel procurement, financing and support for small businesses needing heavy machinery, raised $4.5m in seed funding.
– The round was led by One Way Ventures (from Boston and focused on backing immigrant founders) and Euclid Ventures (from the West Coast and focused on B2B marketplaces), with participation from PJC and Techstars Ventures, as well as angel investors including early Uber employees, dozens of founders of Venture backed companies, and Nicole Glaros, the Chief Investment Strategy Officer of Techstars.
– The company intends to use the funds to accelerate sales as well as technology development.

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Commercial Construction North America Real Estate

BLDUP Raises $2M in Pre-Seed Funding Round

– BLDUP, a Boston, MA-based market intelligence platform for the Commercial Real Estate, Construction, and Development industry, raised $2m in pre-seed funding round.
– The backers were not disclosed.
– Led by founder and CEO Noah Coughlin, BLDUP provides CRE industry players with a platform to get real-time information on construction and real estate information in-market.

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Construction Logistics North America Software Supply Chain Management

Construction procurement platform Agora nabs $30M

– Agora, a construction procurement platform, raised an additional $33m series B funding, bringing total investment to $44m.
– Investors include Tiger Global, 8VC, Tishman Speyer, Suffolk Construction, Jerry Yang, Michael Ovitz, LeFrak, and Kevin Hartz.
– The company helps contractors streamline the paperwork required for ordering and tracking construction materials, an area expected to see an uptick in the wake of the new infrastructure bill in the U.S.
– The company’s software complements other construction digital twins tech by improving the material management aspects to increase time on tools.
– The investment will help boost its staff and R&D efforts.

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Construction North America SaaS Software

Buildforce Raises $4M in Funding

– Buildforce is a career lifecycle platform provider.
– The company raised $4m in funding.
– The round was led by TDF Ventures with participation from Mercury and S3 Ventures.
– The new investment will be used to accelerate growth through continued product innovation and expanded go-to-market efforts.

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Computer Vision Construction North Africa and the Middle East

Buildots boosts digital twin process mining with $30M

– Buildots has raised $30m in a series B round led by Lightspeed Ventures, bringing its total investment to $46m.
– The company will use the new funds to double the size of its global team, focusing on sales and R&D to expand its digital twins efforts, which use process mining techniques to improve outcomes as construction trades go digital.
– Buildots has early customers in 13 different countries, including Build Group in California and Washington state, MBN in Germany, Gammon in Hong Kong, and Wates in the U.K.
– While other companies focus on the design or presentation of 3D construction data, Buildots specializes in operationalizing it.
– Buildots has concentrated on the gap between existing tools for design, scheduling, document management, and process controls that provide visibility into what’s happening on construction sites.

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Building Material Construction E-Commerce Marketplace Procurement South Asia

India’s Infra.Market valued at $2.5B in Tiger Global-led $125M funding

– Infra.Market, an Indian startup that is helping construction and real estate companies in the world’s second-most populated nation procure materials and handle logistics for their projects, said it has secured its third financing round in the past nine months.
Tiger Global led the $125m Series D financing round in the five-year-old startup.
– The new round valued Mumbai-headquartered Infra.Market at $2.5 billion (post-money), up from $1 billion in February and $200 million in December last year.
– The startup has raised about $275 million to date.

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Construction Internet North America Real Estate Rental Property

Realm Lands $12M Seres A Funding Round

– Realm, a first-of-its-kind unbiased, centralized and actionable source of information for American homeowners, has raised $12M in Series A funding.
– The round was led by GGV Capital with participation from existing investors Primary Venture Partners, Lerer Hippeau and Liberty Mutual Strategic Ventures.
– This round comes just four months after the company’s market launch and brings the total raised to $15M.

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Construction North America Software

QuoteToMe Lands $2.5 Million in Venture Funding

– QuoteToMe, which is digitizing the construction industry’s procurement and financial processes, announced it has funded a fully subscribed VC investment round of $2.5 million (CAD).
– This $2.5 million round was led by Builders VC and Blackhorn Ventures, with participation from Argonautic Ventures, Azure Capital, Stanford University | Farmers Investment Club, and the Donnelley Family, among others.
– QuoteToMe has drawn extraordinary interest because it automates purchasing and financial transactions for purchasers of construction materials and equipment.
– QuoteToMe centralizes buy-side/sell-side communications, offering users quote comparisons, while automatically reconciling purchase orders and invoices.
– Contractor clients of QuoteToMe report savings of up to 15%, which can easily double a buyer’s traditional profit margins.

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Apps Construction Delivery Landscaping North America Software

Brokrete Closes US$3M Seed Funding

– Brokrete, a Toronto, Canada-based provider of an e-commerce platform for suppliers in the construction industry, called Storefront, closed a US$3M seed financing round.
– The round was led by Xploration Capital and was joined by new strategic investors, existing investors and key employees.
– The company intends to use the funds to further accelerate its growth in the North American and European markets.

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Architecture Construction Home Renovation Interior Design North America

Block Renovation Raises $40M in Funding

– Block is a NYC-based renovation platform that uses technology to simplify and improve home renovations.
– The round was led by Giant Ventures with participation from NEA, Morningside, Lerer Hippeau, and Obvious Ventures.
– The company intends to use the funds to expand its business reach.

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Construction Home Services North America Project Management Real Estate

Abodu raises $20M to build prefabricated backyard homes

– Abodu, a startup that builds prefabricated ADUs, raised $20m in Series A funding.
– The round was led by Norwest Venture Partners and joined by previous backer Initialized Capital, Redfin CEO Glenn Kelman, Mayor Michael Tubbs, GGV investor Hans Tung and Paradox Capital’s Kyle Tibbitts.
– The startup claims that one of its backyard homes can be installed in just 10% of the time it would take for a traditional ADU to be built.

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Architecture B2B Construction North America

Acelab Raises $3.5M in Seed Funding

– Acelab, a NYC-based digital marketplace connecting architects and manufacturers of building products, raised $3.5M in seed funding.
– The round was led by Pillar VC with participation from Alpaca (formerly Corigin), Draper Associates, Transcend Partners, MIT MET Fund, and Erik Jarnryd.
– Led by Dries Carmeliet and Vardhan Mehta, Acelab provides a building products marketplace that connects architects and manufacturers.

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3D Printing Building Material CAD Construction North America

Mighty Buildings lands $22M to create ‘sustainable and affordable’ 3D-printed homes

– Oakland-based Mighty Buildings, which is on a quest to build homes using 3D printing, robotics and automation, has raised a $22m extension to its Series B round of funding.
– The additional capital builds upon a $40m raise the company announced earlier this year, bringing its total funding since its 2017 inception to $100m.
– Mighty Building’s self-proclaimed mission is to create “beautiful, sustainable and affordable” homes.
– The company claims to be able to 3D print structures “two times as quickly with 95% less labor hours and 10-times less waste” than conventional construction. For example, it says it can 3D print a 350-square-foot studio apartment in just 24 hours.

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Computer Vision Construction Infrastructure North America SaaS

Reconstruct Secures $17.3 Million to Empower Remote Quality Control & Progress Monitoring for Construction and Real Estate

– Reconstruct, the leader in AI-powered remote quality control and progress monitoring software, announces its $17.3 million Series B funding round.
– Led by the Nemetschek Group, a global leader in construction software, along with other leading AEC companies and tech titans – EquipmentShare/Romulus Capital, STO Building Group, ThorntonTomasetti, SHoP Architects, Syska Hennessy, and Asia Pacific Land.
– This infusion of capital will enable Reconstruct’s integration with industry-leading software like Bluebeam and accelerate global expansion.
– In addition to these multi-national investors leading the round, the Company boasts 100% participation of its existing shareholders including Serra Ventures and Cultivation Capital.

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B2B Construction E-Commerce Internet Marketplace North America

GearFlow Raises $3M in Seed Funding

– GearFlow, a Chicago IL-based provider of GearFlow.com, an online parts marketplace built for the construction industry, raised $3M in seed funding.
– The round was led by Watchfire Ventures, with participation from Newark Venture Partners, Liquid2 Ventures, Path Ventures, and Harvard Business School Angels. CNH Industrial is also partnering as a strategic investor to equip its existing dealer ecosystem with Gearflow’s marketplace platform.
– The company intends to use the funds to expand operations and its business reach.

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Construction North America

Fortera Closes $30M in Series B Funding Round

– Fortera is a materials technology company based in Campbell, CA.
– The company closed a $30m Series B funding round.
– The round was co-led by Temasek and Khosla Ventures.
– The new investment will be used to continue the development and launch of its low carbon cement.

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Construction Mining North America

SafeAI Raises $21M in Series A Funding

– SafeAI, a Milpitas, California-based autonomous heavy equipment company, raised $21m in Series A funding.
– The round was led by Builders VC with participation from new investors LTC, DG Ventures, MACA and Vimson Group and existing investors Autotech Ventures, Brick and Mortar Ventures, Embark Ventures, Monta Vista Capital and Obayashi Corporation.
– The company intends to use the funds to advance its interoperable autonomous technology through accelerated research and development and accelerate global expansion.

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Construction Manufacturing North America Real Estate Robotics

Construction robotics company Toggle raises $8M

– New York-based construction startup Toggle raised $8m in Series A funding.
– The round was led by Tribeca Venture Partners and featured Blackhorn Ventures, Point72 Ventures, New York State and Twenty Seven Ventures.
– It follows a $3m seed round raised in late-2019.

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Construction Energy Industrial Information Technology Internet of Things Manufacturing Mining North America Oil and Gas Software

Triax Technologies Raises $12.5 Million Series A Funding Round to Expand Team, Scale Globally

– Triax technologies raised a Series A funding round of $12.5m.
– The round was led by McRock Capital, an institutional investor focused on industrial IoT.
– Triax will use the funding to grow the team and scale its solutions globally.
– Triax will immediately begin to expand its talented team with openings in several areas across the company.
– It is seeking team members with domain-specific technical skills, who would work well in a community-minded, fair and transparent culture.

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Construction North America Real Estate Robotics

Construction robotics firm Dusty raises $16.5M

– Dusty Robotics, a construction robotics company, raised $16.5m in Series A funding.
– The round was led by Canaan Partners and featured NextGen Venture Partners, Baseline Ventures, Root Ventures and Cantos Ventures.
– The company plans to use the funding to expand its team and product line.

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Augmented Reality Computer Construction Hardware Western Europe

XYZ Reality Raises £20M in Series A Funding

– XYZ Reality, a London, UK-based engineering-grade augmented reality company, raised £20m in Series A funding.
– The round was led by Octopus Ventures.
– The company intends to use the funds to prepare HoloSite’s commercial launch in the USA, continue investment in strengthening research and development, and grow its London team to include key hires across technology, manufacturing, sales and marketing.

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Construction Data Integration FinTech Industrial Automation Infrastructure Machine Learning North America Payments Real Estate Software

Tiger Global leads $30M investment into Briq, a fintech for the construction industry

– Briq, a construction fintech startup, raised $30m in Series B funding.
– The round was led by Tiger Global Management and joined by Eniac Ventures and Blackhorn Ventures.
– The company has raised $43m since its January 2018 inception.
– Briq aims to solve the age-old problem of construction projects (very often) going over budget.

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Accounting Construction Real Estate Western Europe

Matera raises another $43 million to turn residential building management into SaaS

– French startup Matera has announced that it has raised a new $43m funding round.
– The round was led by Mubadala Capital and joined by Bpifrance, Burda Principal Investments as well as existing investors Index Ventures and Samaipata.
– The company is building a vertical SaaS for residential property management.
– In France, co-owners of the common space of a building can decide to ditch the company that handles residential building management for them and do it themselves.
– It could work particularly well for small buildings with 10 or 15 apartments.
– When co-owners vote to switch to Matera, they get a web-based platform and a mobile app to view information and see all the contracts with various partners — think about elevator maintenance, heating maintenance, water, electricity, etc.

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Construction North America Telecommunications Wired Telecommunications Wireless

Betacom lands $15M to manage private 5G networks after relocating from Florida to Seattle

– Betacom, a longtime telecommunications company, raised $15m as it launches a fully-managed private wireless service called Betacom 5G-as-a-service.
– The company originally started in 1991 and grew into a $100m wireless infrastructure business.
– It partnered with wireless carriers and constructed cell towers, deployed DAS and small cells solutions for convention centers and stadiums, and set up electric vehicle charging stations.
– Betacom is using the fresh investment to roll out its new 5G networking service that it designs, deploys, and then manages via Microsoft Azure.
– The idea is to let enterprise customers own their network and control data.
– Use cases include an airport that wants to put check-in kiosks, cargo handling, and more on a private 5G network.

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Business Intelligence Cloud Data Services Compliance Construction Field Support North America Public Safety SaaS Scheduling Software

Construction tech upstart Assignar adds a Fifth Wall with $20M Series B

– Assignar, a cloud-based construction tech startup, raised $20m in Series B funding.
– The round was led by real estate tech-focused venture firm Fifth Wall.
– Existing backer Tola Capital and new investor Ironspring Ventures also put money in the round.
– The company plans to use the funding to expand its sales and marketing efforts.

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Artificial Intelligence Construction Information Technology Machine Learning North America Software

OpenSpace Announces Series C Funding to Expand Automated Construction Progress Tracking and Accelerate International Expansion

– OpenSpace, the global leader in 360° construction photo documentation and analysis, recently announced a $55M Series C funding round, led by Alkeon Capital Management.
– The funding comes at an exciting time for the company, which also announced recently that it’s expanding access to the ClearSight Progress Tracking platform to its full customer base.
– Additional participants in the round include PSP Partners, GreenPoint Partners and New World Development, as well as returning investors Lux Capital, Menlo Ventures, JLL Spark, Navitas Capital and Zigg Capital.
– Over the past year, accelerated global adoption of digitization and remote work has fueled growth for OpenSpace, which has seen revenue triple, customer count increase by more than 150%, and customer site captures increase by more than 300% during that time.

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Accounting Apps Computer Vision Construction Developer APIs Enterprise Software Intelligent Systems Mobile Apps North America SaaS Small and Medium Businesses

Veryfi Raises $12M in Series A Financing

– Veryfi from San Mateo develops a data transformation platform for the enterprise and technology corporations.
– Series A $12M round was led by NewView Capital with participation from TI Platform Management and existing investor Act One Ventures.
– The new investment will be used to expand operations and business reach.

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Building Material Construction Delivery Service North America

Curri nabs $6M for AI-powered last-mile construction logistics

– Curri, a Y Combinator-backed logistics startup delivering construction supplies and materials, today announced the closing of a $6 million funding round.
– The company says the proceeds will be used to expand its services as well as its market reach.
– Last-mile delivery logistics tends to be the most expensive and time-consuming part of the shipping process.
– According to one estimate, last-mile accounts for 53% of total shipping costs and 41% of total supply chain costs.
– With the rise of ecommerce in the U.S., retail providers are increasingly focusing on fulfilment and distribution at the lowest cost.
– Particularly in the construction industry, the pandemic continues to disrupt wholesalers, highlighting the need for flexible and reliable delivery.

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Asia Computer Vision Construction Manufacturing

Hong Kong-based viAct raises $2M for its automated construction monitoring platform

– viAct, a construction site monitoring startup, raised $2m in seed funding.
– The round was led by SOSV and Vectr Ventures, and included participation from Alibaba Hong Kong Entrepreneurs Fund, Artesian Ventures and ParticleX.
– The company plans to use the funding on research and development, product development and expanding into Southeast Asian countries.

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Civil Engineering Construction Consulting Energy Government Information Technology North America

AECOM, Houston METRO continue to advance automated, zero emissions transit technology with $1.5 million grant from the Federal Transit Administration

– AECOM, the world’s premier infrastructure consulting firm, has partnered with Houston METRO, the region’s largest public transit provider, to accelerate deployment of automated technology in transit vehicles.
– Funded through a $1.5m grant from the Federal Transit Administration (FTA), the team will pilot one of the nation’s first automated electric shuttle buses that will serve Texas Southern University, University of Houston, and Houston’s Third Ward neighborhood.
– The project, which is expected to be fully operational in spring 2022, was one of only 25 initiatives across the U.S. to receive FTA funding.
– AECOM will provide management, planning, and engineering services for the project. METRO is also a founding member of AECOM’s Automated Bus Consortium, which investigates the feasibility of implementing pilot automated bus projects across the U.S.

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Architecture Civil Engineering Compliance Construction North America

Building-code compliance startup UpCodes gets $3.36M in pre-Series A funding

– UpCodes, a startup that develops building-code compliance tools, announced today it has raised $3.36 million in pre-Series A funding.
– This brings its total raised so far to $4.15 million.
– The new funding was led by Berlin-based Point Nine Capital, which focuses on SaaS and online marketplaces.
– The company also recently won a legal victory when United States District Court Judge Victor Marrero granted UpCodes its motion to dismiss a false advertising and unfair competition lawsuit filed against it by the International Code Council (ICC).
– An earlier copyright lawsuit filed by the ICC against UpCodes is still ongoing, but UpCodes won a major decision in the case last year when Judge Marrero ruled that its posting of building codes is covered by public domain and fair use.

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Construction Energy Efficiency North America Property Management SaaS Software Sustainability

Ecomedes Closes $3.25M Seed Funding Round

– Ecomedes is a San Francisco, CA-based developer of building product optimization in the cloud.
– The company completed a $3.25M seed financing round.
– The round was led by M12, with participation from NOVA by Saint-Gobain, PivotNorth, Mission Innovations Network, and AM Ventures.
– The funding will be used on collaboration tools.

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Construction EdTech Internet North America SaaS Software Training

GoContractor Raises $5M in Series A Financing

– GoContractor is a construction worker onboarding and compliance tracking digitization platform provider.
– Series A $5m round led by Building Ventures and Ironspring with participation from existing investors.
– The new investment will be aimed at further scaling across the US and European markets, growing its sales, support and marketing teams, and increasing investment in its research and development organization located in Ireland.
– GoContractor provides a worker and subcontractor onboarding and data management solution that exclusively focuses on training, managing, and connecting general contractors with their workers and subcontractors in the construction industry.

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Asia Construction E-Commerce Marketplace Procurement

Infra.Market becomes India’s newest unicorn with $100 million fundraise

– Infra.Market, a startup that helps construction and real estate companies procure materials and handle logistics for their projects, raised $100m in Series C funding.
– The round was led by Tiger Global and joined by Foundamental, Accel Partners, Nexus Venture Partners, Evolvence India Fund and Sistema Asia Fund.
– The startup was valued at $1bn post-money.

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Construction Consumer Hospitality Internet North America Peer to Peer Real Estate Rental Rental Property Smart Building

Realm raises $3m seed round to help homeowners tap into their property’s $175,900 of potential

– Realm, the first centralized data hub for homeowners, has raised $3M in seed funding from Primary Venture Partners, Lerer Hippeau, and Liberty Mutual Strategic Venture Partners.
– Founded in 2019, Realm helps homeowners get more out of their single biggest asset by showing them what their property could be worth and how to access more of its potential value.
– Realm analyzes thousands of unique data points to highlight opportunities to increase property value through square-foot add-ons, renovations, rental units, and more, helping families to enjoy their home more in the present while getting more value from it down the road.

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3D Printing Advanced Materials Building Material CAD Construction North America

Mighty Buildings Raises $40M In Series B Funding

– Mighty Buildings is a construction tech company applying automation and innovative new technologies to cut time and labor hours.
– The company raised $40m in Series B funding.
– The round was led by Khosla Ventures and co-led by Zeno Ventures, with participation from returning investors Bold Capital Partners, Core Innovation Capital, and Foundamental.
– New investors included ArcTern Ventures, Abies Ventures, Modern Venture Partners, Giant Ventures, MicroVentures, One Way Ventures, Polyvalent Capital and others.

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Construction Electronics Europe Internet

Isotropic Systems Raises Over $40M in Funding

– Isotropic Systems, a London, UK-based developer of transformational broadband terminal technologies, secured funding of over $40m.
– The round brings together equity and grant funding support from the UK Government and market leaders in Aerospace and Telecommunications.
SES led the round, along with participation from specialised space investors Orbital Ventures, UK government’s Future Fund and existing investors Boeing HorizonX Global Ventures, Space Angels and Firmament Ventures.
– The company intends to use the funds to develop its multi-beam antennas.

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