Construction and real-estate industry is going through a slump from some time now. However, that hasn’t stopped the Vienna based startup PlanRadar from securing €30 million in Series A round of funding. The PropTech startup offers an easy, fast and efficient SaaS solution for digital documentation and communication in construction and real estate projects. The company’s offering is available across various platforms like Android, iOS and also via popular web browsers.
The Series A funding round for PlanRadar was led by Insight Partners and e.ventures, which is one of the largest global software investors headquartered in New York. Additionally, existing investors Cavalry Ventures, Berliner Volksbank Ventures and aws Gründerfonds also participated in the funding round. The fresh capital will be used for PropTech’s expansion into nine new territories worldwide and strengthening its standing into already-established markets.