Sitemate, a Sydney, Australia-based proptech has raised $7.5 million in pre-Series A funding.
SaaS Investors
The round was led by Marbruck Investments, with participation from existing investors, including Blackbird Ventures and Artesian.
Marbruck Investments is a venture capital firm based in Darlinghurst, Australia. The firm prefers to invest in seed-stage, early-stage, and later-stage companies. The firm seeks to invest in information technology sectors.
Sitemate Use of Funds
The funds will be used to further develop the platform and double the size of the global team by the end of 2024.
About Sitemate
Founded in 2015 by Hartley Pike, and Sam McDonnell, Sitemate is a technology company that developed project management software designed to serve the construction industry. It provides a no-code platform for the construction sector, streamlining paperwork and processes. The company's software captures, organizes, and analyses work in the office and on-site with user-friendly software structured around the daily work of people, projects, and teams, enabling companies to streamline document creation and management processes.
Funding Details
Company: Sitemate Service Pty Ltd.
Raised: $7.5M
Round: Pre-Series A
Funding Month: November 2023
Lead Investors: Marbruck Investments
Additional Investors: Blackbird Ventures and Artesian
Company Website: https://sitemate.com/
Software Category: Project Management Software
Source: https://www.startupdaily.net/topic/funding/no-code-proptech-startup-sitemate-nabs-another-7-5-million-in-pre-series-a/