BuildPass, a Melbourne, Australia-based construction technology company, has raised $7.5 million in seed funding.
Investors
The funding round was led by Carthona Capital, with participation from Horizon VC, Saniel Ventures, Recursive Ventures, Preston-Werner, and Massive Tech Ventures. Carthona Capital is a hands-on, proactive, and thematic venture capital investor based in Sydney, Australia, that invests globally.
BuildPass Use of Funds
The company will use the funding to enhance its AI-powered technology aimed at improving construction productivity and plans to double down on its AI development efforts.
About BuildPass
BuildPass provides AI-powered software solutions designed to improve productivity and efficiency for construction businesses. The company offers a construction management platform designed to manage construction sites safely and more efficiently. It simplifies processes like updating checklists, creating site inspections, documenting defects, and summarizing site diaries with just a few clicks. They serve a range of clients, from small to mid-sized construction firms, supporting over 400 businesses across Australia.
Funding Details
Company: BuildPass Pty Ltd.
Raised: $7.5M
Round: Seed Round
Funding Date: October 2024
Lead Investor: Carthona Capital
Additional Investors: Horizon VC, Saniel Ventures, Recursive Ventures, Preston-Werner, Massive Tech Ventures
Company Website: https://www.buildpass.ai/
Software Category: Construction Management
Source: https://www.buildpass.ai/blog/raise-announcement-seed