LivSYT, an Austin, TX-based construction management software provider, has successfully raised $2.5 million in seed funding, bringing its total raised capital to $4.5 million.
SaaS Investors
The investment was from Silicon Valley Quad and Inventus Capital.
Silicon Valley Quad (SVQ) is a syndicate of investors that provides seed capital to US-incorporated first-time technology entrepreneurs. SVQ provides ample capital for 18 to 24 months to reach a meaningful milestone, setting companies up to attract venture capital from Series A investors. SVQ invests in both B2B and B2C startups.
Inventus Capital is an investment firm that provides financial services to start-ups, entrepreneurs, and businesses. Inventus Capital is an early-stage VC, guiding & financing founders from Seed Capital to Series A.
LivSYT Use of Funds
The company aims to utilize the fresh funding to expand into the US market and explore new use cases for artificial intelligence (AI) and machine learning (ML).
About LivSYT
Founded by Karthik Thumu in 2021, LivSYT provides on-site construction management software designed to boost productivity and profitability in construction projects. LivSYT delivers real-time operations visibility and controls, right from the overall project level to the on-site construction micro-activity level, across building, highway, and metro projects. They aim to transform the construction sector by shifting the sectoral focus from top-down project management to bottom-up site management. LivSYT’s portfolio of clients includes consulting and engineering firms such as Systra, DRA, and Elemental Realty.
Funding Details
Company: LivSYT
Raised: $2.5M
Round: Seed Round
Funding Month: November 2023
Lead Investors: Silicon Valley Quad and Inventus Capital
Additional Investors:
Company Website: https://livsyt.com/
Software Category: Construction Management Software
Source: https://economictimes.indiatimes.com/tech/funding/construction-tech-startup-livsyt-raises-2-5-million-in-funding-from-silicon-valley-quad-inventus-cap/articleshow/105046750.cms