Tel-Aviv-based construction tendering software startup, ConWize, today announced it has raised $2.8m in a seed round led by Ariel Maislos.
Other investors include Pi Labs, Europe’s first and most active Proptech VC, and angel investors Liad Agmon and Meir Gabay.
ConWize will use the fresh funding to scale up its presence in the Israeli market and expand to Europe – starting in the UK.
Today, most construction companies, subcontractors, and suppliers in the construction industry still manage tenders manually, making the bidding process time-consuming, expensive, and prone to mistakes, the company said.
Dima Haikin, Ran Levi Sody, and Denis Umnov founded ConWize to shake things up a bit, and introduce digitalisation into the tender management process.
Their new builders’ estimating software helps contractors prevent critical mistakes, win more tenders, and carry out projects more profitably, they said.
“We have developed the most advanced cloud-based construction estimating program available for construction companies today,” said Dima Haikin, ConWize CEO.
“Our platform gives a true end-to-end solution for tender departments of general contractors and subcontractors – saving time and eliminating estimation errors.”
Lead investor, Ariel Maislos, said: “Construction technology presents unique growth opportunities.
“ConWize’s SaaS platform solves a critical pain point in the construction process, as tenders directly impact construction companies’ growth and success.
“I am thrilled to partner with this outstanding team as they expand their activities into the European market.”
Faisal Butt, founder and CEO of Pi Labs, added: “It has been incredibly exciting having ConWize as a member of the Pi Labs family ever since they were selected to be a part of our 2021 accelerator program.
“We are proud to be backing Dima, Denis and Ran, and our investment team is confident that their entrepreneurial and technological skills will see ConWize make major inroads across the European construction sector in the coming years.”
Image: ConWize founders: Ran Levi Sody, Dima Haikin and Denis Umnov (credit: ConWize)
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