February 2024 in Contech. At Cemex Ventures, we’re bringing you the most relevant deals that have taken place in the Contech ecosystem during the month of love.
Let’s have a look!
1. Roofer.com raises $7.5M in seed round: AI startup Roofer.com, a pioneering technology company in the roofing industry, announced that it has raised a US$7.5 million seed round. The company is headquartered in Dallas, Texas, and plans to use funding to launch in Austin, Texas. Read more.
2. Suffolk Technologies invests in Handle.com: Handle.com, a construction payments software platform, announced a significant investment from Suffolk Technologies, the venture capital affiliate of Suffolk Construction, one of the leading construction entities. Read more.
3. Pathways nets $2.5M in pre-seed round: Software developer Pathways has closed a US$2.5 million pre-seed round. The company tracks carbon emissions generated by construction materials at a time when manufacturers are under increasing pressure to meet sustainable mandates. Read more.
4. Document Crunch secures $9M in Series A investment: Document Crunch, an AI-driven contract intelligence platform specifically tailored for the construction industry, has successfully secured a US$9 million Series A investment to enhance contract intelligence in construction. Read more.
5. Monumental raises $25M in funding round: Monumental, a construction robotics startup, announced that it has raised US$25 million in funding. The company said its goal is to solve the labor, cost, and sustainability problems currently afflicting the construction industry. Read more.
6. PermitFlow obtains $31M in Series A funding: PermitFlow, a pioneering platform designed to simplify the construction permit application and management process for developers and general contractors, has successfully secured a US$31 million Series A funding round. Read more.
7. Buildstock acquires $1.6M in pre-seed funding: Buildstock, a New York City-based B2B marketplace and provider of a fintech platform for construction materials, raised US$1.6M in Pre-Seed funding. The company intends to use the funds to scale, expand third-party fintech, AI, and logistics integrations. Read more.
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