Building Radar, a software platform designed to automate sales in the construction industry, just raised $7.2 million in funding. Socii Capital led the round, with backing from all the company’s existing investors.
This funding comes after a wave of investments in construction tech, including Trunk Tools and Vizcab. Building Radar plans to use the new capital to boost its AI capabilities and expand its presence in the UK, US, Canada, and beyond.
Yuan Chen, co-founding partner at Socii Capital, said, “Our mission at Socii is to support entrepreneurs who are transforming industries through automation. When we met the team at Building Radar, we were impressed by their leadership and the potential of their product. We’re excited to help them build a leading AI platform for the construction industry.”
Solving a Big Problem in Construction
The construction industry is massive, but it still relies heavily on traditional, person-to-person sales methods. Building Radar is changing that by using AI to help sales teams find the best leads and offer personalized outreach strategies.
AI-Powered Sales Software
Founded by Leopold Neuerburg and Paul Indinger in Germany, Building Radar already has more than 150 clients, including major players like Schindler, Holcim, and Eiffage. With this new funding, the company plans to double down on AI automation and expand into new markets.
Their platform has already helped customers generate over $2.6 billion in sales pipelines. Every day, it identifies more than 5,000 new sales opportunities and customizes nearly 700 sales processes for its users.
Paul Indinger, co-founder and Managing Director, said, “The construction industry is going through big changes with trends like sustainability and digital planning. This partnership with Socii brings us closer to connecting every construction project with the best possible solutions.”
Leopold Neuerburg added, “We’re investing heavily in AI to become the go-to platform for construction sales teams, helping them grow their revenue and improve their sales processes. Our goal is to drive €100 billion in revenue for our customers by 2030.”