Snaptrude, a New York-based startup that provides automated design tools developed specifically for architects, interior designers, and real estate developers, raised $6.6 million in seed funding, bringing its total raised to $7.8 million.
The round was co-led by Accel and Foundamental VC, with participation from Possible Ventures, Clark Valberg (Founder, Invision), RFC, CapitalX, and Thilo Konzok (co-founder of Home).
It plans to utilize the fresh funds to bring product enhancements and eventually implement and allocate money for its future growth.
The initial funding helped build a team to bring Snaptrude to reality and add companies including WeWork and Square Yards to its list of over 6,000 customers across more than 30 countries worldwide.
Snaptrude works on a browser and offers collaboration for designing buildings in 3D as naturally as using Google Docs. It also comes with the ability to generate real-time data to inform about the impact of changing construction size on cost, climate, and energy utilization.
Additionally, the platform, available in a freemium model, supports all widely used file formats, including DWG, RVT, IFC, SKP, FBX, PDF, and OBJ.
The startup has a globally-distributed workforce of 35, including geometry engineers and mathematicians. It plans to slightly expand the engineering team this year to bolster its market presence.
Company: Snaptrude Inc.
Raised: $6.6M
Round: Seed Round
Funding Month: January 2023
Lead Investors: Accel and Foundamental VC
Additional Investors: Possible Ventures, Clark Valberg, RFC, CapitalX, and Thilo Konzok
Company Website: https://www.snaptrude.com/
Software Category: Building Information Modeling (BIM) Software
About the Company: Snaptrude provides a web-based collaborative building design tool that offers real-time collaboration and data insights on budget, compliance, and climate considerations. The product 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. Users can see the impact of small design changes as they go; extend the size of a room and instantly see the impact on the budget, local compliance, or even climate.
Source: https://techcrunch.com/2023/01/04/snaptrude-seed-funding-accel-foundamental-vc-autodesk/