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Ontraccr Technologies secured $1.2 million in seed funding led by LAB Ventures and Buildtech Ventures to enhance its construction management software platform and expand into more industry segments and the United States.

Mar 07, 2024•almost 2 years ago

Amount Raised

$1.2 Million

Round Type

seed

VancouverConstructionSaasSoftware

Investors

Undisclosed Industry ExecutivesBuildtech VenturesLab Ventures

Description

Ontraccr Technologies, a Vancouver-based construction management software company, has closed a $1.2 million seed funding round led by LAB Ventures and Buildtech Ventures. The funding will be used to improve Ontraccr Technologies’ platform and expand into more industry segments and the United States. Strategic investments were also made by undisclosed industry executives.

Company Information

Company

Ontraccr Technologies

Location

Vancouver, British Columbia, Canada

About

Ontraccr Technologies is a Vancouver-based construction management software company founded in 2019. Its platform digitizes operational workflows in the construction industry and provides an all-in-one, no-code solution for construction companies, offering tools for project management, billing, time tracking, operations, analytics, and more for use across computers, phones, and tablets.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers