Fundz

Construction tech startup BuildPass raised $7.5M in a seed round led by Carthona Capital to expand its AI-powered operating system for the building sector.

PRIVATEOct 24, 2024

Amount Raised

$7.5 Million

Round Type

Seed

MelbourneSoftwareConstruction

Investors

Preston Werner VenturesMassive Tech VenturesHorizon VCSaniel VenturesRecursive VenturesCarthona Capital

Description

BuildPass has secured $7.5 million in a seed round to pursue global expansion and enhance its AI-driven product development. The funding supports its goals to widen market share in Australia and enter the US market, reflecting a commitment to innovation in construction technology.

Quick answer

BuildPass raised $7.5 Million in a Seed round, dated October 24, 2024. Investors: Preston Werner Ventures, Massive Tech Ventures, Horizon VC, Saniel Ventures, Recursive Ventures and Carthona Capital. BuildPass is based in Melbourne, Victoria, Australia.

How much did BuildPass raise?
BuildPass raised $7.5 Million in a Seed round on October 24, 2024.
Who invested in BuildPass?
Preston Werner Ventures, Massive Tech Ventures, Horizon VC, Saniel Ventures, Recursive Ventures and Carthona Capital are named as investors in this round.
What does BuildPass do?
BuildPass is a construction tech startup that has developed an AI-powered operating system for the building sector.
Where is BuildPass based and how big is it?
BuildPass is based in Melbourne, Victoria, Australia. Fundz records about 22 employees.
Who are the decision-makers at BuildPass?
Fundz holds 2 contacts at BuildPass. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Construction and Software around the same time

Companies in the same sectors as BuildPass that raised within 45 days of this round, from Fundz verified event records.

  • SKYX Platforms raised $107K (Seed) on November 18, 2024.
  • Crusoe raised $686M on November 6, 2024.
  • Crusoe raised $500M (Funding Round) on October 31, 2024.
  • Emidat raised $4.3M (Seed) on October 29, 2024.
  • BiltOn raised $15M (Series B) on October 22, 2024.
  • SKYX Platforms raised $11M on October 4, 2024.

Who to call at BuildPass, and when

A new round usually means BuildPass is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day BuildPass raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at BuildPass, from your own LinkedIn network

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Company Information

Company

BuildPass

Location

Melbourne, Victoria, Australia

About

BuildPass is a construction tech startup that has developed an AI-powered operating system for the building sector. Launched in 2021, it aims to enhance productivity across worksite operations for construction businesses. The platform has been utilized on 9,000 construction sites by 30,000 subcontractors and facilitates various documentation processes. The company's mission is to disrupt the underserved smaller construction business market with affordable software solutions.

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