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TraceAir secured $25 million in a Series B funding round led by PeakSpan Capital and Flashpoint Venture Capital to drive innovation in land development and homebuilding.

PRIVATEMay 29, 2024

Amount Raised

$25 Million

Round Type

Series B

SeattleSoftwareConstruction

Investors

Flashpoint Venture CapitalPeak Span Capital

Description

TraceAir, a leading provider of site intelligence software, announced a $25 million Series B funding round led by PeakSpan Capital, with participation from Flashpoint Venture Capital among other existing investors. The investment will support the development and market roll-out of new products to boost land development and homebuilding workflows with predictive analytics, setting the industry on a new level of efficiency and automation.

Who else raised in Construction and Software around the same time

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

  • ObraLink raised $1.9M (Pre-Series A) on July 2, 2024.
  • Leasi raised $1.2M (Pre-Seed) on July 1, 2024.
  • SmartPM Technologies raised $5.5M (Series A) on May 29, 2024.
  • Vizcab raised $9.7M (Series A) on May 28, 2024.
  • Plane raised $4M (Seed) on April 24, 2024.
  • HERO Software raised $43M (Series B) on July 12, 2024.

Who to call at TraceAir, and when

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

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

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Company Information

Company

TraceAir

Location

Seattle, Washington, United States

About

TraceAir is the enterprise software platform modernizing land development and construction with drone data and AI-powered workflows. By integrating site scans, topographic data, and project analytics into a single turnkey solution, TraceAir enables homebuilders and land developers to make faster, smarter, data-driven decisions. With nearly 300 active customers across North America and a global team of 170+ spanning the U.S., Armenia, and Spain, TraceAir is reimagining how the built environment gets created. Backed by PeakSpan Capital and other strategic investors, TraceAir is helping accelerate technology adoption in one of the world's largest industries.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

TraceAir raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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