What is buildUP?
buildUP operates as a specialized SaaS platform designed to optimize the construction management process. By focusing on the automation of punch lists, site inspections, and task management, the company effectively bridges the communication gap between owners, developers, and subcontractors. Its value proposition lies in its high adoption rate, driven by an intuitive interface that requires minimal training, and its ability to provide actionable project insights through data-driven reporting.
In an industry historically resistant to digital transformation, buildUP has carved out a significant market position by reducing project timelines and mitigating cost overruns. The platform's unique features, such as automatic translation and customizable checklists, ensure that diverse project teams can maintain high standards of quality control, regardless of their technical proficiency or geographic location.
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
UpWest
UpWest is a venture firm that funds, fast-tracks, and supports Israeli founders as they enter the US market, specializing in leading early-stage rounds to drive rapid growth.
01 Ventures
01 Ventures is an early stage investor that supports Europe's top entrepreneurs by providing significant operational support and focusing on deep technology and fundamental scientific advancements.
Abstract Ventures
Abstract Ventures Pty Ltd is a firm operating within the real estate industry, providing strategic capital and support to companies looking to innovate in the built environment.
What's next for buildUP?
With the recent strategic investment, buildUP is well-positioned to accelerate its product roadmap and expand its footprint within the enterprise construction market. The company is expected to leverage this capital to enhance its data analytics capabilities, potentially integrating advanced predictive modeling to further assist general contractors in risk mitigation. As the construction industry continues to embrace digital solutions, buildUP's focus on seamless collaboration and operational efficiency will likely remain its primary competitive advantage.
Future growth strategies will likely involve deepening its integration with existing construction management ecosystems and scaling its customer success teams to support a growing roster of global developers. By maintaining its commitment to user-centric design and high-impact functionality, buildUP is poised to remain a cornerstone of modern construction project management.
