TrueBuilt, a Huntington Beach, CA-based construction tech startup that provides pre-construction software for modern builders, closed a $4 million seed round.
SaaS Investors
The round was led by Bienville Capital, an investment firm based in Manhattan, along with participation from Fifth Wall, Marek, and TrueBuilt customers.
Bienville Capital is an investment firm that manages capital for select institutional and family office clients. It offers portfolio management, financial planning, and investment advisory services. Bienville Capital also provides portfolio construction and asset allocation analysis for ultra-high-net-worth individuals and institutional investors. Founded in 2008, Bienville Capital is headquartered in New York.
TrueBuilt Use of Seed Funds
The funds will be used to advance the capabilities of TB Assistant, TrueBuilt’s AI-based tool for pre-construction estimates, expand its customer base, and increase its reach in the commercial construction industry.
About TrueBuilt
TrueBuilt is a construction tech startup that focuses on modernizing and improving the pre-construction phase of construction projects. The company provides an AI-based platform that automates pre-construction workflows, enhances collaboration, mitigates risk, and increases project profitability. TrueBuilt also utilizes computer vision technology to read and analyze blueprints, saving time and improving accuracy for estimators.
Funding Details
Company: TrueBuilt Software, Inc.
Raised: $4.0M
Round: Seed Round
Funding Month: August 2023
Lead Investors: Bienville Capital
Additional Investors: Fifth Wall, Marek, and TrueBuilt customer
Company Website: https://www.truebuiltsoftware.com/
Software Category: Pre-Construction Software
Source: https://ts2.space/en/truebuilt-raises-4-million-in-seed-funding-to-enhance-ai-based-pre-construction-software/