What is 1build?
1build operates as a sophisticated real-time data platform designed to revolutionize the accuracy and efficiency of building construction estimates. By providing stability to a market segment that directly impacts the construction supply chain, 1build addresses critical pain points for developers and contractors. The platform's ability to deliver precise, up-to-the-minute data is crucial for mitigating risks and optimizing project outcomes in the complex construction industry.
How much funding has 1build raised?
1build has raised a total of $14.2M across 2 funding rounds:
Angel/Seed
$150K
Series A
$14M
Angel/Seed (2020): $150K with participation from Foundamental and Y Combinator
Series A (2021): $14M led by Greycroft Partners
Key Investors in 1build
Greycroft Partners
Greycroft Partners is a prominent venture capital firm specializing in investments within the internet and mobile sectors. They leverage an extensive network to support entrepreneurs, providing capital and strategic relationships to foster business growth. Their portfolio includes numerous leading technology companies.
Foundamental
Foundamental is a global investor with a specific focus on the architecture, engineering, and construction (AEC) technology sectors. They provide initial investments to promising startups, aiming to support companies in achieving significant growth and profitability within capital-intensive project markets.
Y Combinator
Y Combinator is a renowned startup accelerator that provides seed funding and mentorship to early-stage companies. Based in Mountain View, California, they have a long history of supporting innovative ventures across various industries, helping them to scale and succeed.
What's next for 1build?
With the recent infusion of major strategic capital, 1build is poised for accelerated expansion and enhanced product development. This enterprise-level funding is expected to fuel initiatives aimed at broadening the platform's reach across the construction ecosystem and deepening its analytical capabilities. The company's focus will likely remain on leveraging its data-driven approach to foster greater predictability and profitability within construction projects, solidifying its position as an indispensable tool for the industry.
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