Constructiontech startup Outbuild secures $11m to support on-time projects completion

Outbuild, a construction scheduling and planning software company, has raised $11 million in Series A funding, led by Sway Ventures with participation from Hilti Venture, Trimble Ventures, and venture capital firms BGV and Zacua Ventures. This investment will help drive a targeted 100% increase in Outbuild's commercial growth by Fall 2025, support significant team expansion, and advance a product roadmap that includes artificial intelligence.

Franco Giaquinto, CEO, Outbuild: "We are honored to partner with such a strong group of investors who share our goal of advancing the construction industry through holistic, yet simplified, scheduling and cross-team collaboration. This investment marks a significant step forward in delivering improved project outcomes for the dedicated construction professionals and end users we serve."

The construction industry faces significant challenges in meeting project timelines, with KPMG reporting that 75% of construction projects experience delays. These setbacks are reported to lead to costly overruns and late project completions. According to Giaquinto, Outbuild was founded as the first startup in the space to address these critical issues by consolidating scheduling, lookaheads, weekly plans and analytics into one unified solution.

With the support of Hilti and Trimble, two prominent leaders in the construction technology industry, Outbuild aims to integrate advanced functionalities to improve real-time project planning and construction management. Additionally, Sway Ventures, BGV, and Zacua Ventures bring expertise in scaling enterprise technology startups. According to Giaquinto, their involvement will contribute to expanding market presence and driving ongoing and future innovation.

Brian Nugent, Founding General Partner, Sway Ventures: "Outbuild is helping to solve one of the most persistent challenges in construction - keeping projects on time and on budget, while minimizing risk. Their solution to scheduling and team collaboration will fundamentally transform how the industry approaches project planning and execution."

Outbuild is currently being implemented on over 4,000 projects throughout 10 countries. Select general contractors across the country leveraging Outbuild include Greystar, Andres, McAlvain, Skender and Warfel.

www.outbuild.com

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