PlanRadar Raises $69 Million in Series B  

by Kay Aloha Villamor in January 21st, 2022

PlanRadar, a Vienna, Austria-based digital field management platform for construction and real estate projects, raised $69 million in Series B funding.

The round was co-led by Insight Partners and Quadrille Capital, with participation from Cavalry Ventures, Headline, Berliner Volksbank Ventures, aws Gründerfonds, and new investors Proptech1, Russmedia, and GR Capital.

The company intends to use the funds to double down on the international expansion and technological development, with new offices set to open in the United States, Australia, the Gulf Cooperation Council (GCC), Southeast Asia, and Latin America, boost R&D investment, creating a new tech hub and a dedicated product innovation team to bring sector-defining new technologies to its SaaS platform.

Company:  PlanRadar GmbH

Raised: $69.0M

Round: Series B

Funding Month: January 2022

Lead Investors: Insight Partners and Quadrille Capital

Additional Investors: Cavalry Ventures, Headline, Berliner Volksbank Ventures, aws Gründerfonds, and new investors Proptech1, Russmedia, and GR Capital

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

Software Category: SaaS field management solution

About the Company: Led by CO-CEOs Ibrahim Imam, and Sander van de Rijdt, PlanRadar is a platform- and device-independent cloud-based SaaS field management solution for documentation and communication in construction and real estate projects. It can be used for fault and task management, maintenance, building inspections, construction documentation, handovers, and more. Using a web application or apps for all smartphones and tablets (iOS, Android, and Windows), teams can share digital floor plans or BIM models, communicate, and track any kind of information. The company now enables more than 14,500 customers from 60+ countries to track, connect and solve all Construction and Real Estate projects worldwide. The company’s diverse team of 200+ employees serves customers in over 20 languages from offices in Vienna, London, Amsterdam, Moscow, Paris, Madrid, Milan, Zagreb, Warsaw, and Bucharest.

 

Source: https://www.finsmes.com/2022/01/planradar-raises-69m-in-series-b-funding.html

 

 

 


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