BuildPass Raises $7.5m Seed Funding

Seed Funding Announcement

We’re excited to announce that BuildPass has raised $7.5 million in Seed funding, led by Carthona Capital, enabling us to continue helping busy builders tackle the global construction productivity crisis, with AI-powered technology.

“We are so proud of how the business has grown in just a few short years, and this latest financial milestone underscores the confidence investors have in the market,”

“It is a difficult time for construction businesses in Australia, so we are focussed on supporting companies by providing customisable digital tools that improve productivity and ultimately carve out more time for growth-driving activities.” - Matt Perrott, BuildPass CEO & Co-founder.

Carthona Capital is among incredible company, with Horizon VC, Saniel Ventures, Recursive Ventures, Preston-Werner and Massive Tech Ventures joining the seed round - each with notable experience that’ll support BuildPass’ growth.

“With increasing labour shortages and tighter margins in the construction industry, we believe that companies are more receptive to new technologies that can enhance productivity. Having known the Founders for a long time, we’ve been extremely impressed with their ability to build a world-class product team that is rapidly shipping AI-native solutions for their SMB and mid-market customers.” Jonathan Chow, Principal - Carthona Capital.

“Smaller construction businesses have long been underserved, and Saniel has recognised this as a prime opportunity for disruption. The BuildPass team has shown impressive traction and product momentum, and we’re excited to support them in driving greater efficiency across the construction industry.” Leigh Jasper, CEO - Saniel Ventures.

What’s next?

This fresh funding provides us with resources to continue building a world-class product, doubling down on AI development.

“Construction globally is grappling with a productivity crisis, however all-in-one software that harnesses the power of AI is certainly playing a role in remedying the situation.”

“We are placing great emphasis on empowering current and future workers to have confidence in digital innovations like ours, which can be rolled-out quickly across a workforce without the need for extensive training.” - Aaron Vanston, BuildPass CTO & Co-Founder.

AI presents golden opportunities for construction businesses to do more with less; helping teams work more efficiently and with greater accuracy.

Thanks from the team

Since the launch of BuildPass in 2021, we’ve grown to more than 22 full-time employees in Australia (30+ globally!) and are now supporting over 400 construction businesses across Australia. This funding round is a huge milestone for the business and wouldn’t have been possible without the continued support from each and everyone of our customers, partners and existing team members.

From the bottom of our hearts, thank you for being part of our journey. We can’t wait to see where it takes us next.

Keen to join the crew? New jobs have just dropped, click here to learn more.

More reading...

Read the article in the Australian Financial Review, click here.

'What a ride' indeed - thanks Business News Australia! Click here to read.

Thanks Startup Daily! Click here to read.

A great recap from Smart Company, click here to read.