What is StructionSite?
Founded in 2016 and headquartered in Oakland, California, StructionSite provides a reality capture platform designed to automate site capture and track completed work for construction teams. The platform integrates seamlessly with existing industry tools, offering a comprehensive solution for project management and progress monitoring. StructionSite's technology aims to enhance efficiency and accuracy in the construction process, addressing critical needs for project visibility and documentation.
How much funding has StructionSite raised?
StructionSite has raised a total of $17.4M across 3 funding rounds:
Other Financing Round
$7M
Debt
$350K
Unspecified
$10M
Other Financing Round (2020): $7M with participation from CEMEX Ventures, Prelude, Obayashi, D20 Capital, and 500.com
Debt (2020): $350K led by PPP
Unspecified (2022): $10M supported by GS Futures, PCL Construction, and 500 Global
Key Investors in StructionSite
GS Futures
GS Futures is an early-stage venture fund focused on investing in innovative solutions for Climate & Energy Transition Tech, Construction & Real Estate Tech, and Consumer Tech. Supported by the GS Group, the fund aims to tackle challenging problems in these sectors.
PCL Construction
PCL Construction is a group of independent construction companies that carries out work across the United States, Canada, the Caribbean, and in Australia. They operate in the civil infrastructure, heavy industrial, and buildings markets.
500 Global
Founded in 2010 500 Startups is a venture capital firm that invests in companies across the globe. The company is headquartered in Mountain View and San Francisco, California.
What's next for StructionSite?
With the recent influx of major strategic investment, StructionSite is poised for significant expansion. The company's focus on integrating reality capture with existing construction workflows positions it for continued growth in the enterprise construction technology market. Future developments are likely to involve enhancing platform capabilities, expanding market reach, and further solidifying its role as a key player in digitalizing construction operations. The substantial backing suggests a strong investor confidence in StructionSite's business model and its potential to disrupt traditional construction practices.
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