Buildxact, a Melbourne, VIC -based construction technology platform has closed an $18.5 million Series A funding round, boosting the Melbourne-based company’s valuation to more than $125 million.

The oversubscribed round was led by Regal Funds Management, while also receiving backing from institutional investors Possible Ventures, Shearwater Capital, Ophir Asset Management, Washington H. Soul Pattinson, SecondQuarter Ventures, and Thorney Opportunities.

The funds will be used to help the company strengthen its presence in Australia, New Zealand, Canada, and the US alongside preparing its launch into the UK this quarter.

Company: Buildxact

Raised: $18.5M

Round: Series A

Funding Month: January 2021

Lead Investors: Regal Funds Management

Additional Investors: Possible Ventures, Shearwater Capital, Ophir Asset Management, Washington H. Soul Pattinson, SecondQuarter Ventures, and Thorney Opportunities

Company Website: https://www.buildxact.com/

Software Category: Construction Management Software

About the Company: Buildxact provides residential builders, remodelers, renovators, contractors, and trades in the residential construction market with simple online business tools. Buildxact helps custom home builders and contractors get ahead and stay ahead, with simple online business tools uniquely designed for the custom home builder and contractor. Buildxact is a global business with operations in Australia, New Zealand, Canada, and the United States. Today, Buildxact’s cloud software is used by construction companies from one or two operators to teams of many, delivering new homes and renovations, as well as small commercial projects. Together they are estimating and project managing hundreds of millions of dollars in profitable construction jobs.

Source: https://www.businessnewsaustralia.com/articles/buildxact-raises--18-5m-to-expand-global-presence.html