Canibuild, a Sydney, Australia-based residential building software platform, raised $8 million in a Series A round led by EVP, with support from Regal Funds Management.
With the funds earmarked towards growth in Australia, New Zealand, and the US, and plans to expand into additional markets.
Company: Canibuild Au Pty Ltd.
Round: Series A
Funding Month: March 2022
Lead Investors: EVP
Additional Investors: Regal Funds Management
Company Website: https://canibuild.com/
Software Category: Residential building software platform/ Construction Estimating Software
About the Company: Founded in 2020 by Timothy and Stella Cocaro, Deepankur Malhotra, and Shuvajeet Nag, Canibuild is a world-first, venture-backed, hyper-growth prop-tech that is transforming how construction companies sell homes, pools, granny flats, ADUs, and more. Canibuild gives builders a simple and quick way to assess a site’s suitability for construction in real-time, from houses to sheds, granny flats, and pools. The platform uses a Geographic Information System (GIS) with artificial intelligence (AI) to create an inclusive planning and design tool so a building sales team can take customers through design, viability, and compliance in a visual way. The startup has quadrupled in size to more than 50 staff, with revenue growing at 20% month-on-month over the past year. Canibuild currently covers all of Australia, New Zealand, Canada, and the United States.