Building Momentum: 12 Early-Stage Construction Tech Startups To Watch

As the construction tech industry matures, the space has seen increasing efforts from early-stage companies to leverage new technologies across all areas of the sector—from connecting clients and contractors to buying and selling construction-related goods and services.

We used the CB Insights platform to surface 12 notable early-stage startups developing software platforms specifically aimed at disrupting the construction industry. We selected these companies based on a few factors, including recency and size of their disclosed funding, as well as Mosaic scores, CB Insights’ algorithm that uses financial and non-financial signals to predict private company health.

Of the VC-backed companies on our list, 7 are Series A startups and 5 are seed or angel stage companies. All have raised funds since Q1’16. They are listed in descending order of disclosed funding.

Series A construction tech companies to watch

1. Architizer

Headquarters: New York, New York

Disclosed Funding: $14.9M

Select Investors: AlphaPrime Ventures, August Capital, Gaspar Global Ventures

Architizer is an architecture and design platform for connecting architects to a network of peers, fans, and potential clients.

2. IrisVR

Headquarters: New York, New York

Disclosed Funding: $10.5M

Select Investors: Azure Capital Partners, Emergence Capital Partners, Techstars

IrisVR offers a suite of virtual reality tools that construct 3D models in VR space.

3. AproPLAN

Headquarters: Brussels, Belgium

Disclosed Funding: $9.2M

Select Investors: Fortino, Inventures, Matexi

AproPLAN offers mobile-based construction management software that aims to simplify construction project management and connect contractors, engineers, architects, and clients.

4. Zlien

Headquarters: New Orleans, Louisiana

Disclosed Funding: $7.2M

Select Investors: Abstraction Ventures, Altos Ventures, Brick & Mortar Ventures

Zlien is a cloud-based platform that simplifies the lien rights management process for the construction ecosystem.

5. eSUB Construction Software

Headquarters: San Diego, California

Disclosed Funding: $5M

Select Investors: Mainsail Partners, Revolution

eSUB Construction Software provides cloud-based project management apps to help subcontractors track their work and compensation.

6. Machinio

Headquarters: Chicago, Illinois

Disclosed Funding: $4M

Select Investors: Elevation Partners, Maxfield Capital, Ritchie Bros.

Machinio is a marketplace for used industrial machinery, such as construction, farming, and metalworking equipment.

7. Propeller Aerobotics

Headquarters: Eveleigh, Australia

Disclosed Funding: $3.9M

Select Investors: Accel Partners, Blackbird Ventures, Cicada Innovations

Propeller Aerobotics is a drone technology company that provides a cloud platform for processing drone photos into mapping, modeling, and inspection data. They offer drone solutions for the construction industry by leveraging drone data for site monitoring, estimations, and reporting.

5 seed or angel-stage companies to watch

1. Raken

Headquarters: Cardiff-by-the-Sea, California

Disclosed Funding: $2M

Select Investors: Eniac Ventures, Rincon Venture Partners, Spider Capital Partners

Raken provides a construction management platform for handling workflow and compliance reporting at job sites.

2. Work Today

Headquarters: Santa Monica, California

Disclosed Funding: $1.4M

Select Investors: E-MERGE, GAN Ventures, Social Capital

Work Today is a construction marketplace that aims to connect construction industry workers with jobs via text.

3. BusyBusy

Headquarters: St. George, Utah

Disclosed Funding: $1.3M

Select Investors: Caterpillar Ventures

BusyBusy provides a labor and equipment time-tracking platform for construction companies.

4. Pillar Technologies

Headquarters: Somerville, Massachusetts

Disclosed Funding: $750K

Select Investors: Techstars, Rough Draft Ventures, Plug and Play Accelerator

Pillar Technologies leverages smart sensors and predictive analytics to help construction and insurance companies monitor on-site threats.

5. CBOT

Headquarters: Linköping, Sweden

Disclosed Funding: $650K

Select Investors: ALMI, Almi Invest, LiU Invest

CBOT is developing solutions for on-site construction automation. Their first product is a robotic solution for automatic tiling of floors. CBOT’s robot can automatically lay the ground floor on flat large surfaces.

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