TestFit Raises $20 Million in Series A

by Kay Aloha Villamor in July 28th, 2022

TestFit Inc., the maker of interactive AI-powered real estate feasibility software, has announced $20 million in Series A.

The round was led by Parkway Venture Capital, bringing the total company financing to $22 million to date. 

TestFit will use the funding to expand the delivery of better outcomes for their customers, made possible by their integration of property management (PropTech), construction planning (ConTech), and design technologies (DesignTech) into a unified enterprise platform for commodity real estate development.

Company: TestFit, Inc.

Raised: $20.0M

Round: Series A

Funding Month: July 2022

Lead Investors: Parkway Venture Capital

Additional Investors: 

Company Website: https://testfit.io/

Software Category: AI-powered real estate feasibility software

About the Company: TestFit’s building configurator helps real estate developers, architects, urban planners, and more to solve site plans in seconds. Development deals for multifamily, commercial, and industrial building types can be rapidly evaluated with TestFit. TestFit’s algorithms and co-creation tools help developers, architects, urban planners, and more to solve hotel, parking, or multifamily building site plans in seconds. TestFit is The Ultimate Building Configurator.

Source: https://www.globenewswire.com/news-release/2022/07/26/2486004/0/en/TestFit-Announces-20-Million-Investment-by-Parkway-Venture-Capital.html






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