Building Radar, a Munich-based company specializing in sales automation software for the construction industry, has raised $7.2 million in a new funding round. The investment was led by Socii Capital.
The company plans to use the funding to enhance its AI-driven platform, which streamlines sales workflows for construction industry professionals. Additionally, Building Radar aims to expand its operations to new markets, including the United Kingdom, the United States, and Canada.
Founded by Leopold Neuerburg and Paul Indinger, Building Radar’s software focuses on helping sales teams target high-margin projects in the construction sector by leveraging AI to develop project specifications. This approach is designed to provide a competitive edge in winning new contracts.
The company has an established client base that includes major firms such as Schüco, Schindler, and Eiffage, serving over 150 clients globally.
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By Proptechbuzz
By Ravi Kumar
