What is OnsiteIQ?
Founded in 2017 and based in New York, NY, OnsiteIQ offers a comprehensive platform designed to streamline construction project management. The system enables construction companies to meticulously document and inspect sites using advanced 360-degree imagery. Its capabilities extend to pinpointing issues, collecting essential documents, and fostering seamless collaboration among teammates, thereby enhancing efficiency and accountability throughout the building process. The company operates within the burgeoning construction technology (ConTech) market, addressing critical needs for documentation, quality control, and project oversight.
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, Anthemis Group SA, and metaprop.vc
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. The firm seeks to partner with founders who possess a deep understanding of their industry, leveraging their extensive experience in operating and investing.
Bullpen Capital
Bullpen Capital is a venture capital fund that specializes in investing post-seed capital into early-stage companies. Over the past decade, the firm has funded more than 100 companies that have identified a special product-market fit but are often overlooked.
MetaProp
MetaProp is a venture capital firm focused on the real estate technology sector, investing in early-stage companies that are transforming the built environment through innovation and technology.
What's next for OnsiteIQ?
The recent major strategic investment, alongside its overall funding history, positions OnsiteIQ for a significant scaling phase. This capital infusion is likely to be directed towards enhancing its platform's AI-driven analytics, expanding its sales and marketing efforts to capture a larger share of the enterprise construction market, and potentially exploring new verticals or geographical regions. The company's focus on providing actionable insights from site data suggests a strategic push towards becoming an indispensable tool for large-scale construction projects, aiming to reduce risks and improve project outcomes.
See full OnsiteIQ company page
