Construction tech startup ShapeDo secures investment from VC firm Goldacre
by Startacus Admin
Investment announced for ShapeDo, the tech startup which is innovating in the construction sector
As regular readers may know, we recently did a feature on Goldacre’s RELab programme and its current call out for tech startups that could shape the future smart built environment.And it is quite timely since, ShapeDo, one of the RELab cohort from 2018/2019 has just secured a Late Seed investment from Goldacre in its innovative construction project management software.
ShapeDo provides a SaaS platform for design change management in construction projects. By using proprietary image recognition technology, it allows teams to review changes in real-time and leverages control and communication tools to eliminate unmanaged change whilst also increasing profits and avoiding disputes.
The ShapeDo software offers a range of benefits to users, including improved process, governance and accountability, a marked increase in Design and QS staff efficiency as well as improved quality control and assurance.
Speaking on the investment, Ari Isaacs, one of the ShapeDo founders, said:
‘Change management is one of the major unsolved issues in construction and civil engineering. We are delighted to have Goldacre, who bring deep knowledge of the local property, construction and technology markets, as partners in addressing it. We couldn’t imagine a better partner to help us navigate the UK construction market.’
A sentiment echoed by Goldacre’s managing director and co-founder & head of RElab, Fionnuala Hogan:
‘Construction is in the early stages of the digitalisation cycle and, as investors in the space, we are attracted by the efficiency potential that companies such as ShapeDo are bringing to the sector. We were very impressed with the ShapeDo team during RElab, where they proved their value proposition with one of our industry partners. We are looking forward to supporting them scale their business.’
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
The lowdown on Manchester-based startup Sticky and its innovative no-code solution to help businesses turn any physical space into an engagement opportunity.
Tobin Capital continues to expand its portfolio by investing in pop-up marketplace Sook, the startup on a mission to revolutionise the high street.
Sodexo and L Marks open call for applications from innovative startups and scaleups to join their inaugural Sodexo Healthcare and Seniors Accelerator.
The group payments solution that's better for businesses and customers alike, thanks to innovative fintech startup Hands In.
The lowdown on FuturePlus, the startup that's on a mission to make sustainability accessible, achievable and affordable for all businesses.
.jpg)
John McLachlan, author and co-founder of Monkey Puzzle Training & Consultancy examines the differences between action-oriented and reflective leaders and which approach is best.
The fitness app that's not just about physical fitness; GoJoe helps employers to engage, motivate and connect their people across all pillars of wellbeing.
Now in its fifth year, North West England water firm United Utilities opens call for Innovation Lab, its pioneering ideas incubation programme.
Not-for-profit OneTech has spunout from Capital Enterprise to expand its offering and continue its mission of creating a more equitable, diverse and supported startup ecosystem.
London-based startup Deep Render tackles the internet’s data and bandwidth challenges via its innovative AI-powered file compression technology.
Published on: 13th November 2019
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Startup Sook Receives Investment from Tobin Capital 24th May 2023 Tobin Capital continues to expand its portfolio by investing in pop-up marketplace Sook, the startup on a mission to revolutionise the high street.
- L Marks Seeking Startups and Scaleups for Sodexo Healthcare and Seniors Accelerator 23rd May 2023 Sodexo and L Marks open call for applications from innovative startups and scaleups to join their inaugural Sodexo Healthcare and Seniors Accelerator.
- United Utilities Innovation Lab launches call-out for innovative ideas for fifth programme 18th May 2023 Now in its fifth year, North West England water firm United Utilities opens call for Innovation Lab, its pioneering ideas incubation programme.
- OneTech Spins Out from Capital Enterprise to Support Underserved Communities in Tech Across the UK 18th May 2023 Not-for-profit OneTech has spunout from Capital Enterprise to expand its offering and continue its mission of creating a more equitable, diverse and supported startup ecosystem.
