Graneet, a Paris, France-based startup that provides all-in-one software-as-a-service products to address the specific needs of small construction companies, raised €8 million in a Series A funding round led by Point Nine and Foundamental.
Axeleo Capital, RAISE Sherpas’ philanthropic vehicle Phiture, and several business angels are also investing in Graneet, including Rodolphe Ardant from Spendesk, Nicolas Dessaigne who co-founded Algolia and JC Taunay-Bucalo at TravelPerk.
The funds will be used to expand its all-in-one software-as-a-service product for small construction companies.
“We have been iterating over the past 2 years with our clients and prospects to build a powerful, yet very simple-to-use solution. Graneet has now proven to be mature enough as a product to be able to accelerate its customer acquisition while we keep serving our customers better and better with more possibilities inside our product,” co-founder and CEO Jean-Gabriel Niel said in a statement.
Graneet's platform is designed to help construction companies track their projects, create quotes, manage team members, and handle the relationship with subcontractors. It has a long roadmap ahead, which includes offering financial products or deep integrations with third-party services.
Company: Graneet
Raised: €8.0M
Round: Series A
Funding Month: April 2023
Lead Investors: Point Nine and Foundamental
Additional Investors: Axeleo Capital, RAISE Sherpas’ philanthropic vehicle Phiture, Rodolphe Ardant, Nicolas Dessaigne, JC Taunay-Bucalo
Company Website: https://www.graneet.fr/
Software Category: Construction Management Solution
About the Company: Graneet is a French startup building an all-in-one SaaS product for small construction companies. Its platform provides tools to track projects, create quotes, manage team members, and handle subcontractors. The company's platform allows users to access all the key indicators of their business in real-time and boost their margin rates by automating the financial monitoring of projects and administrative monitoring of their sites, enabling clients to manage to automate their tasks and help them to process business opportunities, invoice them without errors. The startup is focused on digitizing the construction industry and improving the planning strategy of construction companies.
Source: https://techcrunch.com/2023/04/11/graneet-raises-87-million-for-its-vertical-saas-for-construction-companies/