20 Construction Startups with Big Potential
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Construction is big business, and it’s on track to becoming even bigger in the coming years. According to Statista, new construction for 2022 in the US was valued at almost $1.8 trillion.
In the startup world, companies are emerging to make the lives of AEC (Architecture, Engineering, and Construction) professionals easier by improving job site safety, streamlining project communication, opening up job access, and more.
We’ve rounded up 20 construction startups that you need to know about, each with unique missions and impressive search growth numbers.
1. UpCodes
5-year search growth: 367%
Search growth status: Exploding
Year founded: 2016
Location: San Francisco, California
Funding: $7.6M (Series A)
What they do:
UpCodes is a construction and building code computing startup. Specifically, they provide software that helps the Architecture, Engineering and Construction (AEC) industry develop code-compliant buildings. In addition to a searchable database containing building code information, the company also provides a tool they call UpCodes AI.This tool scans 3D models developed with building information modeling (BIM) data and notifies the architects about potential code violations. UpCodes has over 500,000 active monthly users.The startup has raised $4.1M in funding.
2. Branch Technology
5-year search growth: 144%
Search growth status: Exploding
Year founded: 2014
Location: Chattanooga, Tennessee
Funding: $19.8M (Grant)
What they do:
Branch Technology is a Tennessee-based construction startup that specializes in 3D printing of large structures using cellular fabrication techniques. Their technology can create custom-designed parts of various shapes and sizes, allowing for greater freedom of design and reduced waste compared to traditional construction methods. They have developed projects in industries ranging from architecture to aerospace, using their platform to create sustainable and efficient buildings.
3. ProperGate
5-year search growth: 192%
Search growth status: Exploding
Year founded: 2018
Location: Warsaw, Poland
Funding: $1.6M (Seed)
What they do:
ProperGate helps companies improve onsite construction logistics through a management platform that streamlines communication and notification for building material deliveries. The startup was included in a BESIX Group accelerator and received recognition in PropTech Festival, EUTop50, and more.
4. Plannerly
5-year search growth: 650%
Search growth status: Exploding
Year founded: 2017
Location: Irvine, California
Funding: Undisclosed
What they do:
Plannerly offers software for BIM management that helps AEC industry professionals manage projects and improve communication. Features of their solution include simplified contracting with e-signature, BIM scheduling tools, an easier way to outline project scope based on industry best practices, and more.
5. Trade Hounds
5-year search growth: 3900%
Search growth status: Peaked
Year founded: 2016
Location: Boston, Massachusetts
Funding: $4.9M (Seed)
What they do:
Trade Hounds brings tradespeople and contractors that need to hire skilled workers together through a mobile app interface. The app encompasses a community of 200,000+ tradespeople who gather to highlight their previous achievements, network with others in the industry and find jobs. The company was co-founded by David Broomhead, CEO; Jon Clark, CTO; and Peter Maglathlin, CFO, who combine their knowledge of the trade-working space, technology, and business.
6. Arqlite
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2015
Location: Santa Ana, California
Funding: $2.6M (Non-equity Assistance)
What they do:
Arqlite uses recycled plastic materials and a groundbreaking recycling method to turn normally non-recyclable plastics into useful materials for construction and landscaping. Their Arqlite Smart Gravel provides an efficient gravel option that’s lightweight and long-lasting. Arqlite is backed by CEMEX Ventures and other investors and was recently chosen to be part of a startup accelerator from The Heritage Group and Techstars.
7. Buildcon
5-year search growth: -5%
Search growth status: Peaked
Year founded: 2015
Location: Belgrade, Serbia
Funding: $125K (Seed)
What they do:
Buildcon offers a mobile app and website platform to handle construction management. Highlights of their platform include real-time data for work tracking, tailor-made accounts for particular business needs, daily project summaries, and more.
8. Mechasys
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2018
Location: Montreal, Canada
Funding: $2M (Seed)
What they do:
Mechasys is a construction technology company that seeks to eliminate the need for onsite construction plans through a sophisticated laser projection method. The projector could help construction workers complete builds in 40% less time. Currently, in the early stages, Mechasys offers a “Pioneer Program” that will allow interested professionals to be among the first testers of the product.
9. Capmo
5-year search growth: 250%
Search growth status: Regular
Year founded: 2018
Location: Munich, Germany
Funding: $34.4M (Series B)
What they do:
Capmo is a construction project management platform that provides contractors with real-time project tracking and collaboration tools. The platform streamlines the construction process, from start to finish, making it easier for contractors to manage their projects and ensure successful completion. Capmo helps contractors increase efficiency and reduce the risk of manual errors by providing a centralized platform for project management, communication, and collaboration.
10. Plant Prefab
5-year search growth: -20%
Search growth status: Peaked
Year founded: 2016
Location: Rialto, California
Funding: $92.6M (Series C)
What they do:
Plant Prefab is a prefabricated home business that prioritizes sustainable builds. They partner with developers, homebuyers, and architects to deliver dwelling places based on a number of existing designs or custom specifications. Dwell, Apartment Therapy, Architect Magazine, and more outlets have recognized Plant Prefab for their green building practices.
11. Ekotrope
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2010
Location: Boston, Massachusetts
Funding: $4M (Series Unknown)
What they do:
Ekotrope provides an industry-recognized Home Energy Rating System (HERS) software, in addition to providing other construction-related services. Their HERS software, RATER, is used in one of every six U.S. new-built homes and contributes to 280,000 metric tons in annual CO2 savings. Financial backers of Ekotrope include angel investors Tom Rutledge, Tibor Toth, and Eric Silverman.
12. Ergeon
5-year search growth: 13%
Search growth status: Peaked
Year founded: 2018
Location: Palo Alto, California
Funding: $40M (Series B)
What they do:
Ergeon is a construction startup that offers on-demand, high-quality home improvement and renovation services. The company uses technology to streamline the construction process and provide customers with accurate estimates and project timelines. Ergeon also offers a 100% satisfaction guarantee, ensuring that all work is completed to the customer's satisfaction.
13. Faber Technologies
5-year search growth: -40%
Search growth status: Peaked
Year founded: 2016
Location: Vancouver, Canada
Funding: $5.2M (Series Unknown)
What they do:
Faber Connect from Faber Technologies is a community that helps construction workers find local work and helps construction professionals locate the skilled hires they need for jobs in categories ranging from concrete forming to finish carpentry to painting. Investors in Faber Connect include Alchemist Accelerator, Base10 Partners, 9Mile Labs, and others.
14. Tobly
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2016
Location: New York, New York
Funding: $497K (Convertible Note)
What they do:
Tobly helps facility managers rent necessary equipment, including forklifts, boom lifts, and scissor lifts. They operate in several cities, including New York City, San Francisco, Miami, Orlando, Chicago, and others, and their customer base includes well-known companies such as Apple, REI Co-op, and more.
15. Safesite
5-year search growth: -20%
Search growth status: Peaked
Year founded: 2012
Location: San Francisco, California
Funding: $58.1M (Series B)
What they do:
Safesite offers safety management software and a mobile app that helps higher-risk companies improve the way they handle safety and compliance, from incident reporting to digital safety inspections and beyond. Safesite received a number of commendations in 2020, including Software Advice’s “Most Recommended” and Capterra’s “Best Ease of Use.”
16. Airsquire
5-year search growth: 0%
Search growth status: Peaked
Year founded: 2017
Location: Amsterdam, Netherlands
Funding: Undisclosed (Seed)
What they do:
Airsquire aims to cut costs and raise productivity in the construction industry through innovative new technology. They offer AirGo, which gives teams 360-degree views of construction projects, and AirSync, which makes building information modeling (BIM) geometric verification easier. Airsquire, which has locations in The Netherlands and Singapore, is backed by a six-figure investment from venture capitalist firm henQ.
17. Knowify
5-year search growth: 100%
Search growth status: Regular
Year founded: 2016
Location: New York, New York
Funding: $12.1M (Series Unknown)
What they do:
Knowify is a construction management SaaS platform that helps contractors manage their businesses with job costing features, bid/contract creation and management, scheduling functionality, and more. In February 2021, Knowify partnered with prominent eastern electrical supplier United Electric Supply to expand options specifically for United Electric Supply customers. In November 2021, Knowify raised $5.45 million in their most recent funding round A.
18. Cove.Tool
5-year search growth: 500%
Search growth status: Peaked
Year founded: 2017
Location: Atlanta, Georgia
Funding: $36.8M (Series B)
What they do:
Cove.Tool is an AI-powered construction software that helps architects and engineers optimize building designs to save time, money, and energy. The platform uses machine learning algorithms to analyze and identify the most cost-effective and sustainable building materials and energy systems for a given project, helping construction teams make better decisions and reduce their carbon footprint.
19. KEWAZO
5-year search growth: 0%
Search growth status: Regular
Year founded: 2018
Location: Bayern, Germany
Funding: $19.1M (Series A)
What they do:
KEWAZO supplies the construction industry with robotic hoists, or elevators, with the main application being scaffolding assembly. Their product LIFTBOT cuts labor costs by 44%, increases safety and is easy and quick to install. In early 2020, the German company raised €2.5M in a funding round fronted by MIG AG.
20. Rebartek
5-year search growth: 500%
Search growth status: Exploding
Year founded: 2018
Location: Søgne, Norway
Funding: $250K (Convertible Note)
What they do:
Rebartek delivers custom-designed, robot-made rebar reinforcement cages for construction sites. Rebartek was part of the Norwegian startup incubator Innoventus Sør in 2019 and is backed in part by the European Union’s research program, Horizon 2020. In 2020, Rebartek announced a new location and factory space.
Conclusion
By and large, these 20 startups are using technology to transform the way that construction professionals work.
From BIM management platforms like Plannerly to job marketplaces like Faber Connect and Trade Hounds to other construction management platforms, these companies aim to rework manual processes and eliminate sources of inefficiency.
With their distinctive approaches to solving common problems, the 20 startups listed here are worth keeping an eye on in 2023 and beyond.
