Latest Drawboard News
Mar 17, 2020
Paperless office startup Drawboard raises $9 million for US expansion MENUMENU December 23, 2019 December 23, 2019 Simon Thomsen - March 17, 2020 < 1 MIN READ Drawboard, a tech startup reducing the physical paper used by the design and construction industries, has raised $US6 million (AU$9 million) for further expansion in the US. The round was led by US VC fund Blackhorn Ventures, which lands a board seat, and supported by Steve Baxter’s TEN13. Founded by a former engineer and investment analyst Alistair Michener, Drawboard’s two software products for pen and touch tablets help reducing printouts and the digital waste of document duplication, primarily for the design and construction industry. Drawboard PDF helping teams mark-up with the ease of pen and paper. The software has more one million users globally and is the top productivity app on the Microsoft app store. Bullclip is a real-time collaborative markup platform for design engineering and architecture firms to communicate changes digitally and streamline their design process. Major clients include Santos and global infrastructure firm AECOM, “Our vision for Drawboard is to replace pen and paper, reduce waste and encourage company sustainability,” Michener said. “Construction, architecture and engineering firms are a starting point for our business. Our goal will see us tackle other industries as we grow that are notorious for printouts and wastage.” Philip O’Connor, co-founder and managing partner of Blackhorn Ventures said Drawboard had built a platform that eliminates paper from workflows and reduces costly iteration cycles and travel. “This significantly increases resource efficiency, driving both productivity and sustainability for their customers,” he said. Other investors in Drawboard include Folk Family Office, Salta Capital, Prisma Investments, Startmate Gunnersen Investment Trust and private investor James McQueen.