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.’

 

 

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Published on: 13th November 2019