What is Finalcad?
Finalcad provides comprehensive software solutions designed to manage construction projects throughout their entire lifecycle, catering to buildings, infrastructure, and energy sectors. Their flagship platform, Finalcad One, enhances collaboration among stakeholders by enabling real-time communication and intuitive project management. The company serves a diverse clientele, including contractors, architects, and owners, offering tools for quality control, defect management, and analytics to optimize project performance. With a proven track record of over 30,000 projects completed across 35 countries, Finalcad offers adaptable subscription plans to meet specific client needs, positioning itself as a key player in digitalizing the construction industry.
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 Caphorn Invest, Serena, and Aster Capital
Series C (2018): $40M supported by Molten, CapHorn Invest, Serena, Cathay Innovation, Salesforce Ventures, and Aster
Key Investors in Finalcad
Serena
Serena is a venture capital firm focused on supporting scalable digital businesses, with a strong presence in Europe. They invest in sectors like DeepTech and enterprise software, providing operational resources and community access to their portfolio companies.
Molten
Molten, likely referring to Draper Esprit, is a venture capital firm that invests in high-growth technology companies with global ambitions, operating from offices in London, Cambridge, and Dublin.
CapHorn Invest
CapHorn Invest is a venture capital firm that benefits from European Union support, focusing on growth-stage enterprises and innovation within the technology sector.
What's next for Finalcad?
The recent major strategic investment signals a new phase of growth and development for Finalcad. This capital infusion is expected to fuel further innovation in their construction project management software, potentially expanding their market reach and enhancing their platform's capabilities. Strategic partnerships and continued technological advancement will likely be key priorities as Finalcad aims to solidify its leadership in the global construction tech landscape. The company's focus on providing end-to-end solutions for project lifecycle management suggests a trajectory towards deeper integration within enterprise construction workflows and a potential expansion into adjacent services.
See full Finalcad company page
