TraceAir Raises $25 Million in Series B

by Kay Aloha Villamor in May 30th, 2024

TraceAir, a Seattle, WA-based site intelligence software provider for homebuilders and land developers, raised $25 million in Series B funding.  


The round was led by PeakSpan Capital, with participation from Flashpoint Venture Capital.  

PeakSpan Capital is a growth equity firm based in New York City and Silicon Valley. Having partnered with over 30 scaleups and with $1.5B+ in AUM, PeakSpan’s mission is to be the partner of choice for growth-stage entrepreneurial teams who are building amazing software targeted at business buyers of all sizes.  

TraceAir Use of Funds  

The company will use the funds to enhance its construction management platform with predictive analytics. The investment will support new product development and market expansion.  

About TraceAir  

Founded in 2015 by Maria Khokhlova, Dmitry Korolev, Alexander Solovyev, and Nikita Ushakov, TraceAir provides construction site analysis and management solutions. Their platform offers visual and collaborative construction management tools, enabling businesses to gain data-driven insights that help lower costs, improve efficiency, and reduce the risk of errors and delays. Its platform captures valuable 3D project data and empowers construction teams by significantly saving time and reducing the risk of costly errors and delays. TraceAir serves major homebuilders in over 40 states and Canada. The company's clients include DR Horton, Howard Hughes, and Lennar.  

Funding Details                                         

Company: TraceAir Technologies, Inc.  

Raised: $25.0M                             

Round: Series B  

Funding Month: May 2024                        

Lead Investors: PeakSpan Capital   

Additional Investors: Flashpoint Venture Capital  

Company Website:  

Software Category: Construction Site Analysis and Management  


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