Palo Alto, California-based Buildup Technologies Inc., the developer of an application for managing work at construction sites, announced the completion of a $7 million Series A funding round Tuesday.
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Israel-based TLV Partners, California-based UpWest Labs and Abstract Ventures, London-based 01 Ventures LLP, and bill payment service Check, Inc. founders Guy Goldstein and Ahikam Kaufman all participated in the funding round.
Founded in 2013 by Yael Sherman and Oren Cohen, Buildup develops a mobile and web-based app that facilitates communication among project managers, contractors, and other construction site personnel. The app features digital to-do lists, quality control monitoring, and automated task assignments.
The use of paper documentation and manual spreadsheets is the norm at many construction sites, which limits productivity across the industry, according to the company.
“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 during which most of their budget is spent,” Buildup co-founder and CEO Oren Cohen said in a statement.
Among the users of its app, Buildup lists Turner Construction Company, The Whiting-Turner Contracting Company, and real estate company AvalonBay Communities, Inc.
“The construction industry lags behind other markets in the overall productivity of its workers,” said Eitan Bek, the managing partner at TLV Partners, who will be joining Buildup’s board of directors.