What is Finalcad?
Finalcad provides comprehensive solutions for buildings, infrastructure, and energy projects, covering the entire construction lifecycle. Their flagship platform, Finalcad One, enhances collaboration among stakeholders through real-time communication and intuitive project management tools. Serving contractors, architects, and owners, Finalcad focuses on improving project performance via quality control, defect management, and advanced analytics. Having supported over 30,000 projects globally, the company offers adaptable subscription plans to meet diverse client needs.
How much funding has Finalcad raised?
Finalcad has raised a total of $62.8M across 3 funding rounds:
Series A
$2.8M
Series B
$20M
Series C
$40M
Series A (2014): $2.8M with participation from Serena
Series B (2016): $20M led by Aster Capital, Caphorn Invest, and Serena
Series C (2018): $40M supported by Draper Esprit, Salesforce Ventures, Aster, Serena, Cathay Innovation, and CapHorn Invest
Key Investors in Finalcad
Serena
Serena is a venture capital firm focused on supporting scalable digital businesses, particularly in DeepTech and enterprise software. They provide operational resources and community access to help entrepreneurs achieve their maximum potential.
Aster Capital
Aster is a venture capital firm and growth accelerator that supports startups in establishing new industry models, particularly in energy, smart industries, and mobility. They offer market access and geographic expansion support.
Salesforce Ventures
Salesforce Ventures is the investment arm of Salesforce, a global leader in customer relationship management (CRM) software. They focus on investing in innovative cloud-based solutions and technologies that enhance business operations.
What's next for Finalcad?
The substantial enterprise-level funding and recent strategic investment indicate Finalcad is poised for accelerated growth and market expansion. This capital infusion is likely to fuel further development of its construction project management software, enhance its global reach, and potentially support strategic acquisitions. The company's trajectory suggests a strong focus on solidifying its position as a leader in digital transformation within the construction sector, leveraging its established track record and investor backing to drive innovation and operational efficiency.
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