Top Deals in February 2024

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. raises $7.5M in seed round: AI startup, 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, 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.

Whether you are a startup, SME, corporate, building professional, media journalist, or just want to find out more, we encourage you to contact us through our website or follow us on LinkedIn and Twitter.    

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