What is StructionSite?
Founded in 2016 and headquartered in Oakland, California, StructionSite provides a comprehensive reality capture platform designed for construction teams. Its core functionality allows for the automation of site capture processes, enabling efficient tracking of completed work. The platform's ability to integrate with existing software solutions positions it as a valuable tool for enhancing productivity and oversight in complex construction projects. StructionSite operates within the burgeoning construction technology (ConTech) sector, a field increasingly attracting significant investment due to its potential for disruption and efficiency gains.
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, 500.com, Prelude, Obayashi, and D20 Capital
Debt (2020): $350K led by PPP
Unspecified (2022): $10M supported by 500 Global, GS Futures, and PCL Construction
Key Investors in StructionSite
500 Global
500 Global is a venture capital firm that invests in companies across the globe, with a focus on early-stage innovation.
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.
PCL Construction
PCL Construction is a group of independent construction companies operating across the United States, Canada, and Australia, active in civil infrastructure, heavy industrial, and buildings markets.
What's next for StructionSite?
With this recent major strategic investment, StructionSite is poised for accelerated growth and further development of its reality capture technology. The enterprise-level funding suggests a focus on scaling operations, expanding market reach, and potentially enhancing its platform's capabilities to address broader challenges within the construction lifecycle. Future strategic initiatives are likely to involve deepening integrations with other construction management software and further solidifying its position as a leader in the ConTech space, driving innovation in how construction projects are documented and managed.
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