Irish contech start-up secures £1.5m in funding

An Irish-founded contech start-up now based in San Francisco has raised $2m (£1.47m) in investment funding.

ProjectMark has developed a content management system (CMS) that helps firms in the construction sector manage online content, streamline proposal workflows, and increase visibility.

The company’s software is also used by architects and engineers.

Prior to founding ProjectMark in 2019, CEO Tom Deane and co-founder Noel Brady were former college roommates at Limerick Institute of Technology that reconnected while both working on a mixed-use project in San Francisco.

Lynch joined after working for Bitgo, a large institutional digital asset platform that was acquired for $1.2bn (£880m) in 2021.

The investment was led by Ohio-based venture capital firm Heartland Ventures, which has $90m (c.£66.3m) under management.

Commenting on the move, Tom Deane, the CEO of ProjectMark, said: “We are thrilled to announce our recent funding round from such a credible list of prominent angels and construction industry backers.

“We are construction people building a transformative platform for the industry we love.”

Image: Jirapong Manustrong/Shutterstock

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