In a release, the company said that it plans to use the funding to expand the company’s engineering, sales, and marketing teams while continuing to build out its product offering for construction projects.
What sets Buildup apart, according to the company, is its platform’s ability to increase productivity on construction job sites.
According to the company, its platform enhances communication between general contractors, subcontractors, developers, and property managers.
“Buildup’s solution, available on mobile devices and the web, complements leading project and document management systems by focusing on real-time task management and extending collaboration beyond the front office, into the field,” the company said. “The Buildup platform offers dynamic punch lists, easy task creation, automated task sequencing, quality control mechanisms, project insights, subcontractor performance analysis, and more.”
And now the company plans to expand.
“We are thrilled to be working with TLV Partners and our other investors to continue expanding the Buildup product and getting it into the hands of more developers, contractors, and subcontractors,” Oren Cohen, co-founder, and CEO of Buildup said. “Our customers have used Buildup to make job sites more efficient and collaborative, while also gaining newfound insight into critical and timely data during the execution stage of construction projects when most of their budget is spent.”
As part of the financing, Eitan Bek, managing partner at TLV Partners, will join Buildup’s board of directors.
“The construction industry lags behind other markets in the overall productivity of its workers. Buildup addresses the longest phase of a construction project: building,” Bek said.
“The management team has executed extremely well, with limited resources, and has managed to achieve significant customer adoption in a challenging market,” Bek continued. “We are excited to join them on this journey as they improve productivity for construction companies in the United States and beyond.”
Courtesy of Housingwire.com and credit to Ben
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