Mastt Raises AUD$9.5M In Funding

mastt

Mastt, a Sydney, Australia-based construction technology startup, raised $9.5m (AUD) in funding.

The round was led by OIF Ventures, with participation from Assignar co-founder and CEO Sean McCreanor, Assignar Chief Revenue Officer Chris Peterson and Mastt’s own chief technology officer David Jablonski. Existing investors Artesian, Significant Early Venture Capital, Investible and Gravel Road Ventures, the venture fund of Aconex co-founders Rob Phillpot and Leigh Jasper, also contributed to the round.

The company intends to use the funds to almost double its headcount and continue expansion abroad-

Founded in 2019 by Doug Vincent, Raman Nambiar and Jamie Cerexhe, Mastt provides a SaaS platform for capital asset owners to access to real-time analysis across their portfolio and individual projects, enabling immediate decisions to prevent cost and time blowouts. Mastt’s smart algorithms partly automate this process, using data to drive decisions and benchmark project performance across infrastructure portfolios.

It is now used across over 500 global projects, totalling over $25 billion in value.

FinSMEs

17/03/2022