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European Contech Startup Raises Giant Series A To Revolutionise Construction Management

March 10, 2020| 1 min. read

Contech is a firm favorite of this column, both because my day job is in construction and because it is bringing change at breakneck speed to the most laggard part of the real estate value chain. We have already looked at its stunning growth and the effects it is having on the construction industry. Most of the big players in the Contech space are US-based, such as Katerra and Procore, but Europe has its fair share of extremely promising upstarts.

One such startup is announcing a very significant funding event, which they agreed to be interviewed about exclusively for this column. PlanRadar, a leading Vienna-based SaaS solution for digital documentation and communication in construction and real estate projects, has closed an impressive €30milion Series A round. The founders wouldn’t share the company’s exact post-money valuation but told me that after the raise it is in the nine digits.