PlanRadar, a Vienna, Austria-based digital field management platform for construction and real estate projects, raised $69m 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 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. In total, PlanRadar will create over 200 new jobs, nearly doubling its global headcount over the coming 12 months.
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 on all Construction and Real Estate projects world-wide.
The company’s diverse team of 200+ employees serve customers in over 20 languages from offices in Vienna, London, Amsterdam, Moscow, Paris, Madrid, Milan, Zagreb, Warsaw, and Bucharest.
FinSMEs
20/01/2022