What is Buildxact?
Buildxact offers an intuitive construction management and estimating software solution tailored for the needs of small-scale builders and remodelers. Operating out of Australia, the company aims to streamline project management and financial planning for its user base. The recent influx of capital suggests a strategic push to expand its market reach and enhance its product offerings within the competitive construction technology landscape.
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 Regal Funds Management, Shearwater Capital, Ophir Asset Management, and Possible Ventures
Key Investors in Buildxact
Regal Funds Management
Regal Funds Management is a leading Australian alternative investment manager specializing in long/short investment strategies, known for its extensive fundamental research capabilities across equities, private markets, and credit & royalties.
Shearwater Capital
Shearwater Capital provides Financial Planning and Investment Management services, with a particular focus on physicians and their families, operating under the principle of 'Run by Physicians for Physicians'.
Ophir Asset Management
Ophir Asset Management is an Australian investment firm focused on small and mid-cap equities, managing funds that target fast-growing and high-quality emerging businesses for wholesale and sophisticated investors.
What's next for Buildxact?
With the recent strategic investment, Buildxact is poised for accelerated growth and product development. The company's focus on serving small builders and remodelers positions it to capture a significant segment of the market that often requires specialized, user-friendly tools. Future endeavors will likely involve scaling operations, further refining its software capabilities, and potentially expanding its geographical footprint. This latest backing provides the necessary resources to solidify its market position and pursue innovation in construction management technology.
See full Buildxact company page
