What is Buildxact?
Buildxact offers an intuitive construction management and estimating software solution tailored for small builders and remodelers. Located in Australia, the platform simplifies project management, from initial estimates to final invoicing, enabling smaller construction businesses to operate more efficiently and professionally. The software aims to bridge the gap in digital tools available to this segment of the construction industry, providing a comprehensive yet easy-to-use system.
How much funding has Buildxact raised?
Buildxact has raised a total of $27M across 2 funding rounds:
Unspecified
$8.5M
Series A
$18.5M
Unspecified (2019): $8.5M with participation from Leigh Jasper
Series A (2022): $18.5M led by Ophir Asset Management, Regal Funds Management, Possible Ventures, and Shearwater Capital
Key Investors in Buildxact
Ophir Asset Management
Ophir Asset Management is a prominent Australian investment firm specializing in small and mid-cap equities, known for managing funds targeting fast-growing and high-quality emerging businesses.
Regal Funds Management
Regal Funds Management is a leading Australian alternative investment manager specializing in long/short investment strategies, managing various funds across equities, private markets, and credit.
Possible Ventures
Possible Ventures is an investment firm focused on backing mission-driven teams leveraging frontier technology to address pressing global challenges, primarily investing in pre-seed and seed rounds.
What's next for Buildxact?
With the recent major strategic investment, Buildxact is poised for accelerated growth and enhanced product development. The company's focus on serving small builders and remodelers positions it well within a market segment that often requires specialized, accessible technology. Future initiatives will likely involve expanding its feature set, improving user experience, and potentially broadening its geographic reach, leveraging the capital to solidify its standing as a key player in construction tech. The enterprise-level funding indicates a strong confidence in Buildxact's business model and its capacity for sustained expansion.
See full Buildxact company page
