Construction engineering platform SPEC Toolbox has raised $3 million in a pre-Series A. The investment was co-led by Black Nova and Investible. The Melbourne design software platform specifically for mass timber construction was founded in 2023 by structural engineers Adam Jones and Ringo Thomas as CLT Toolbox, rebranded after realising that design bottlenecks weren’t just… Read more »
Sustainable building materials startup X-Hemp has raised $3.4 million in Seed funding after banking a final $1 million from strategic investment partner Danehill Group. The Central Tasmanian construction tech business, based at Cressy, 30 minutes south of Launceston, was founded in 2020 by Andi Lucas, and will use the cash for critical infrastructure, R&D and… Read more »
Skip Capital has led a $6.6 million raise for a construction tech platform that keeps track of quality and compliance during a build. The first raise for three-year-old Melbourne startup Visibuild was also backed by unnamed private and non-institutional investors, with the funding earmarked for product development as the business looks to expand across Australia… Read more »
Construction technology startup BuildPass has raised $7.5 million in a Seed round as it makes a move on the US market. The round was led by Sydney VC Carthona Capital , supported by Leigh Jasper’s Saniel Ventures, GitHub founder Tom Preston-Werner’s eponymous fund, Recursive Ventures, Horizon VC and Massive Tech Ventures. The new funds are… Read more »
Render Networks has made two key executive appointments after doubling its workforce over the past year. The construction tech platform’s growth comes after IFM Investor took a $40 million majority stake in the business in mid-2022. Omar Ramadan, former Calix and Advanced Fibre Communications executive, has joined Render as the Vice President of Customer Operations.… Read more »
Sydney startup Sitemate has raised $5.2 million for its no code software tools for companies in the construction sector. The round was led by Blackbird, with participation from existing investors Shearwater Capital and angels including local tech founders Tim Doyle of Eucalyptus and Rory San Miguel of Propeller. Coincidentally, Blackbird general partner Nick Crocker was… Read more »
Tasmanian startup Varicon has raised $2.25 million in a Seed round for its construction cost management software. The round was led by Sydney VC Black Nova, supported by Andrew Sypkes, Galileo Ventures and Artesian, as well as strategic industry players Slattery Construction chair Josh Slattery, Tidal Ventures co-founder Murray Bleach, Aconex co-founder Leigh Jasper, and… Read more »
Australian tech startup Buildxact has raised $18.5 million in a series A as it launches in the UK. The SaaS (software-as-a-service) tech solution for residential builders is already in the US and Canadian markets and the funds will enable rapid growth in North America, alongside a launch in the UK this week. The raise values… Read more »
Cloud-based construction operations platform Assignar has raised US$16.5 million (A$22.3m) secondary financing round. US VC giant Tiger Global led the round with local secondaries fund SecondQuarter Ventures joining in along with existing backers Fifth Wall, and Boston-based HighSage Ventures. Previous investors include Tola Capital and Our Innovation Fund. Assignar has now raised more than US$30 million since… Read more »
Melbourne construction tech startup BuildPass has raised $1 million in a pre-seed round. The raise was backed by local construction industry companies and strategic US-based investors with the company looking to expand into the US market in the next 1-2 years. BuildPass was co-founded by Matt Perrott and Aaron Vanston, who met with principle engineer, James… Read more »
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