What is buildUP?
buildUP offers a comprehensive construction management app designed to streamline critical project workflows, including punch list creation, site inspections, and task management. By enhancing communication channels among owners, developers, construction teams, and subcontractors, the platform aims to significantly improve project quality while simultaneously reducing costs and project timelines. Its user-friendly interface requires minimal training, leading to high adoption rates, particularly among subcontractors. The app also features automatic translation capabilities to foster seamless international collaboration. Key stakeholders, including major owners, developers, and general contractors, rely on buildUP for its ability to deliver substantial time savings and improved project outcomes, positioning it as a vital tool in modern construction management.
How much funding has buildUP raised?
buildUP has raised a total of $10.5M across 3 funding rounds:
Other Financing Round
$1.6M
Private Equity
$1.9M
Series A
$7M
Other Financing Round (2015): $1.6M with participation from UpWest
Private Equity (2015): $1.9M, investors not publicly disclosed
Series A (2017): $7M supported by TLV Partners, UpWest, 01 Ventures, and Abstract Ventures
Key Investors in buildUP
TLV Partners
TLV Partners is an investment firm that likely focuses on technology startups, potentially in early to growth stages, given its participation in buildUP's Series A round. Their investment suggests a belief in the company's disruptive potential within the construction technology sector.
UpWest
UpWest is a venture firm that funds, fast-tracks, and supports Israeli founders as they enter the US market, specializing in pre-seed and seed rounds. Their involvement indicates a strategic interest in fostering international tech talent and supporting companies with global ambitions.
01 Ventures
01 Ventures is an early-stage investor supporting European entrepreneurs, with a focus on deep technology and operational support. Their investment in buildUP suggests a commitment to backing innovative companies that can achieve significant market impact through technological advancement.
What's next for buildUP?
The substantial enterprise-level funding and recent strategic investment signal a strong growth trajectory for buildUP. This capital infusion is likely to fuel further product development, enhance its market penetration, and potentially expand its service offerings into new geographical regions or adjacent construction technology sectors. The company's focus on improving efficiency and collaboration in construction management aligns with industry-wide trends towards digitalization and operational optimization. buildUP is well-positioned to capitalize on these trends, leveraging its established user base and proven track record to solidify its leadership in the construction tech landscape.
See full buildUP company page
