Comstruct, a Munich, Germany-based procurement platform for construction materials, has secured €12.5 million in funding.
Investors
The funding round was led by GV and 20VC, with continued support from Booom and Puzzle Ventures.
GV, founded in 2009, is the corporate venture capital arm of Alphabet, headquartered in San Francisco, California. The firm invests in enterprise, life sciences, consumer, and frontier technology sectors and has additional offices in Cambridge, London, and New York. GV manages over $10 billion in assets.
20VC, a London-based venture capital firm, focuses on early-stage investments in technology companies across North America and Western Europe. Founded in 2014, it primarily invests in the media, artificial intelligence, fintech, consumer, climate, and SaaS sectors.
Comstruct Use of Funds
With this funding, Comstruct aims to accelerate its European expansion and enhance its technology.
About Comstruct
Comstruct provides a platform for construction companies to digitize and automate their materials purchasing. It digitizes building material data from delivery notes to invoices and it automates central processes such as orders, invoice verification, construction site management and ESG reporting. Founded in 2020, Comstruct operates in Switzerland, Germany, and Austria.
Funding Details
Company: Comstruct ICT GmbH
Raised: €12.5M
Round: Unknown
Funding Date: February 2025
Lead Investors: GV, 20VC
Additional Investors: Booom, Puzzle Ventures
Company Website: https://www.comstruct.com/
Software Category: Construction Management
Source: https://techcrunch.com/2025/02/06/comstruct-a-platform-to-digitize-the-construction-industry-raises-135-million/