Home » Contech firm LetsBuild raises €6.3m to bring clarity to construction

Contech firm LetsBuild raises €6.3m to bring clarity to construction

by Sion Geschwindt
Contech firm LetsBuild raises €6.3m to expand site management software

Construction technology firm LetsBuild has raised €6.3m (£5.5m) in a funding round led by Fortino Capital, with participation from KAYA, Matexi and Solar.

The company, which was formed in 2019 by the merger of Aproplan and Geniebelt, will use the fresh funding to double down on its existing services and bring entirely new products to the market, it said.

LetsBuild’s construction site management software helps teams plan and track project progress both on and off site – with the aim of ultimately making the process digital, trackable, and shareable.

CEO Lars Rolf Jacobsen (pictured) said the round marked “the beginning of a new era for the business”.

He continued: “We’re increasing the size of our focused Product teams for each app, led by expert Product managers. That investment doesn’t just go into developing new features, it includes dedicated resources working every day on small bugs and tweaks.

“Although they are our most established products, they are also hosting some of our most important innovations.

“Through 2023, you will see more and more connections appearing between our products, allowing you to multiply the value of capturing information digitally to bring clarity to your projects and next steps. All at no extra cost.”

This news comes against a construction industry backdrop where accelerating demand and urbanisation are in tension with the need to build more efficiently and sustainably.

“Everything we create is designed to bring clarity to the complexity of construction,” said Jacobsen. “The first area we are tackling is the site diary (aka construction log/ site journal).

“This ubiquitous duty is the starting point for so much data on site. It holds many of the answers to what’s happening at the coal face, every day.” 

Filip Van Innis, Fortino Capital, commented: “We believe this is the right team, with ever-improving products for its existing customers and promising new products for new use cases.

“We’re excited to be working together every day on how LetsBuild can bring more and more clarity to construction teams.”

LetsBuild added that the new funding from ‘industry experts’ Matexi and Solar would deliver “true construction industry expertise across our key regions and key use cases.”

Hugo Dorph, from Solar, added: “In my time from IBM to Maconomy to Solar, I’ve seen tech redefine day-to-day efficiency in successive industries. It’s about to happen in construction too.

“The key to success has always been tools designed for a specific industry, by people from that industry. This is where LetsBuild truly excels and why they are leading the way in construction.”

Image: LetsBuild CEO Lars Rolf Jacobsen (supplied)

Read next: CEMEX launches new accelerator for contech startups 

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