Snaptrude, a New York-based building design startup that offers a cloud-based software suite, functioning as an operating system for design and construction workflows, has raised $14 million in Series A funding, bringing its total raised to $21.8 million.
SaaS Investors
The round was led by Foundamental VC, with participation from Accel Partners.
Founded in 2018, Foundamental is a venture capital firm based in Berlin, Germany. The firm seeks to invest in companies operating in the mining, construction, and renovation technology sectors.
Snaptrude Use of Funds
The company plans to use the funds to strengthen its go-to-market strategy and expand its global reach.
About Snaptrude
Founded in 2017, Snaptrude provides a web-based collaborative building design tool that offers real-time collaboration and data insights on budget, compliance, and climate considerations. It enables real-time multi-user collaboration for designing buildings in 3D and generates real-time feedback on building cost, compliance, and climate studies, to help drive more informed design decisions. Snaptrude's platform has gained momentum, attracting over 20,000 users from more than 30 countries, including enterprise customers like Hines, WeWork, and Square Yards. The company plans to leverage AI to enhance efficiency and is adding features like Sketch to BIM to further streamline the design process.
Funding Details
Company: Snaptrude, Inc.
Raised: $14.0M
Round: Series A
Funding Month: November 2023
Lead Investors: Foundamental VC
Additional Investors: Accel Partners
Company Website: https://www.snaptrude.com/
Software Category: Building Information Modeling (BIM) Software
Source: https://techcrunch.com/2023/11/09/snaptrude-funding-series-a/