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Last Week in ConTech — 17 February 2025
- KP Reddy, Partner at Shadow VC, highlighted the challenge in effectively integrating and adopting construction tech solutions at scale due to the lack of enterprise innovation strategy.
- He emphasized the need for vertical integrators to build, integrate, and scale innovations seamlessly in the construction industry rather than traditional software startups.
- PaymentsBuildnow, a Saudi startup, raised $9.7m for its Buy Now Pay Later platform for construction materials, addressing cash flow gaps.
- Beam, a San Francisco startup, secured $11m for a finance management platform catering to construction firms with various financial services.
- 3D PrintingIcon, a Texas startup, raised $56m for its 3D printing technology to build homes and multi-storey constructions.
- Sitemetric, a Texas startup focused on workforce management, received undisclosed funding for its connected jobsite and workforce platform for commercial construction.
- Nido, a Spanish startup, raised €5m for its platform streamlining heat pump system installations and connecting contractors with suppliers efficiently.
- Ampotech, a Singaporean startup, secured undisclosed Seed funding for its AI-enabled IoT solution focusing on energy efficiency in buildings.
- Mattoboard, a Las Vegas startup, received $2m for its platform allowing architects and interior designers to create realistic 3D mood boards virtually.
- Ana, a Nevada startup, raised $50m for its mobile power and air solutions, providing hybrid energy systems for construction sites.
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