BuildPass Raises $7.5M In Seed

BuildPass, an innovative construction technology startup, has raised $7.5 million in a Seed funding round to enhance its presence in the U.S. market. They’re set to transform productivity in the construction industry.

• Funding Overview: Led by Carthona Capital and supported by investors including Saniel Ventures, Tom Preston-Werner’s fund, Recursive Ventures, Horizon VC, and Massive Tech Ventures, BuildPass was able to raise $7.5 million to support growth and product development.

• AI Development Focus: Funds will be used to enhance AI tools aimed at improving productivity, safety, and quality assurance on construction sites.

• Market Targeting: Concentrating on small- to medium-sized businesses and mid-market construction sectors in Australia, which make up about 98% of the industry.

As they continue to innovate and refine their offerings, BuildPass empowers construction professionals and transforms how projects are managed, ensuring that the sector remains competitive and sustainable in the years to come.