What is OnsiteIQ?
Founded in 2017 and headquartered in New York, OnsiteIQ provides a sophisticated platform designed to monitor building progress, identify construction defects, and facilitate seamless collaboration among project stakeholders. By utilizing high-resolution 360-degree imagery, the company enables construction firms to conduct remote inspections and maintain comprehensive digital records of site conditions. This technology effectively bridges the gap between physical construction sites and digital project management, reducing costly delays and improving overall project transparency. OnsiteIQ operates at the intersection of PropTech and construction management, addressing the industry's long-standing challenges regarding documentation accuracy and operational efficiency.
How much funding has OnsiteIQ raised?
OnsiteIQ has raised a total of $21.9M across 5 funding rounds:
Angel/Seed
$2M
Angel/Seed
$4.5M
Debt
$150K
Series A
$10M
Private Equity
$5.2M
Angel/Seed (2018): $2M, investors not publicly disclosed
Angel/Seed (2020): $4.5M led by Bullpen Capital, metaprop.vc, and Anthemis Group SA
Debt (2020): $150K supported by PPP
Series A (2023): $10M featuring Vertical Venture Partners, MetaProp, and ValueStream Ventures
Private Equity (2025): $5.2M, investors not publicly disclosed
Key Investors in OnsiteIQ
Vertical Venture Partners
Vertical Venture Partners is an early-stage venture capital firm that focuses on investing in enterprise technology companies targeting specific vertical markets.
Bullpen Capital
Bullpen Capital is a venture capital fund that specializes in investing post-seed capital into early-stage companies that have identified a special product-market fit.
MetaProp
MetaProp is a leading venture capital firm focused on the real estate technology industry, providing strategic backing to innovative startups transforming the built environment.
What's next for OnsiteIQ?
With the successful closure of this major strategic investment, OnsiteIQ is well-positioned to scale its operations and deepen its market penetration. The company is expected to focus on enhancing its automated inspection capabilities, potentially integrating artificial intelligence to further streamline the identification of site issues. As the construction industry continues to embrace digital transformation, OnsiteIQ's ability to provide actionable insights from visual data will likely remain a key competitive advantage. Future growth strategies will likely involve expanding its enterprise client base and refining its collaborative tools to meet the evolving demands of global construction projects, ensuring the company remains at the forefront of the construction technology revolution.
See full OnsiteIQ company page
