Capmo, a digital construction software business based in Munich, has raised $30 million (€25 million) in a Series B funding round. Bessemer Venture Partners, a renowned cloud and software-as-a-service (SaaS) investor, led the round. The financing included previous investors Capnamic Ventures and UVC Partners.
Capmo intends to use the funds to expand its holistic platform's use cases across the whole construction process. It wants to expand its product line and develop new European markets. Capmo also wants to expand its staff to 200 individuals by the end of the year.
Company: Capmo GmbH
Round: Series B
Funding Month: August 2021
Lead Investors: Bessemer Venture Partners
Additional Investors: Capnamic Ventures and UVC Partners
Company Website: https://www.capmo.com/
Software Category: Digital construction software
About the Company: Capmo is a construction project management software for SMEs in the construction and real estate industries. The cloud-based platform allows processes across all construction phases to be digitized holistically and managed in one platform and coordination between all involved parties.