BuildPass, a Melbourne, Australia-based construction technology company, has raised $7.5 million in seed funding. 

Investors 

The funding round was led by Carthona Capital, with participation from Horizon VC, Saniel Ventures, Recursive Ventures, Preston-Werner, and Massive Tech Ventures. Carthona Capital is a hands-on, proactive, and thematic venture capital investor based in Sydney, Australia, that invests globally. 

BuildPass Use of Funds 

The company will use the funding to enhance its AI-powered technology aimed at improving construction productivity and plans to double down on its AI development efforts. 

About BuildPass 

BuildPass provides AI-powered software solutions designed to improve productivity and efficiency for construction businesses. The company offers a construction management platform designed to manage construction sites safely and more efficiently. It simplifies processes like updating checklists, creating site inspections, documenting defects, and summarizing site diaries with just a few clicks. They serve a range of clients, from small to mid-sized construction firms, supporting over 400 businesses across Australia. 

Funding Details 

Company: BuildPass Pty Ltd. 

Raised: $7.5M 

Round: Seed Round 

Funding Date: October 2024 

Lead Investor: Carthona Capital 

Additional Investors: Horizon VC, Saniel Ventures, Recursive Ventures, Preston-Werner, Massive Tech Ventures 

Company Website: https://www.buildpass.ai/  

Software Category: Construction Management 

Source: https://www.buildpass.ai/blog/raise-announcement-seed