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Building design startup Snaptrude raises $14 million led by Foundamental VC, Accel

Economic Times

Economic Times · 1y ago

Building design startup Snaptrude raises $14 million led by Foundamental VC, Accel

Snaptrude, a construction project design software provider, has secured $14 million in a Series A funding round led by Foundamental VC and Accel. The New York-based company, with an office in Bengaluru, aims to create a modern operating system for the design-construction process, starting with a browser-based 3D design tool. This funding will support Snaptrude's product and engineering team expansion, as well as its go-to-market strategy in the $12 trillion AEC industry. The platform offers real-time collaboration and automatic project data generation. Snaptrude serves over 15 global firms and seeks to transform the construction design journey.

Related News

GreenFortune, Vahdam, Nabhdrishti, Antithesis secure fresh funding

VCCircle

VCCircle · 3m ago

GreenFortune, Vahdam, Nabhdrishti, Antithesis secure fresh funding

GreenFortune, Vahdam, Nabhdrishti, and Antithesis have raised new funding to fuel their growth and expansion. GreenFortune, a windows and doors brand, secured $4.5 million led by Foundamental. Vahdam India, a wellness brand, received $3 million from SIDBI Venture Capital. Nabhdrishti, an aerospace startup, secured $3 million from Accel. Antithesis, a beauty brand, raised Rs 5 crore in pre-seed funding led by Rukam Capital. These funds will support innovation, expansion, and increased market presence.

Monumental Raises $25M in Funding

Finsmes · 1y ago

Monumental Raises $25M in Funding

Monumental, a robotics startup based in Amsterdam, has secured $25 million in funding. The round was led by Plural and Hummingbird, with participation from Northzone, Foundamental, NP-Hard Ventures, and angel investors. The company plans to use the funds to expand its team of hardware and software engineers, increase the number of robots deployed across Europe, and enhance the capabilities of its robots in managing construction tasks. Founded in 2021, Monumental specializes in building construction robots that can autonomously work alongside human workers.

Proptech startup Spintly raises Rs 3.5 Cr in extended seed round

Entrackr

Entrackr · 6m ago

Proptech startup Spintly raises Rs 3.5 Cr in extended seed round

Proptech startup Spintly has raised Rs 3.5 crore in an extended seed funding round led by Spyre VC, along with participation from Accel India, Chakra Growth Fund, Alumni Ventures, and Doctor Technology. The company had previously raised $5.36 million from Letsventure, Riso Capital, Sucseed Indovation, and Accel Nest. The proceeds will be utilized to accelerate its market reach, increase its presence in different countries, strengthen senior management functions, and expand the scope of its smart building solutions by leveraging AI and machine learning, Spintly said in a press release. Co-founded in 2017 by Rohin Parkar and Malcolm Dsouza, Spintly leverages cutting-edge technologies to empower the way buildings operate by providing wireless, cloud-based access control solutions and smart building systems. With a focus on simplicity, scalability, and innovation, it eliminates the need for legacy systems by leveraging IoT, Edge AI, and smartphone-based technology to create seamless and efficient user experiences.

Exclusive: Brick&Bolt valuation soars 3X in new round

Entrackr

Entrackr · 4m ago

Exclusive: Brick&Bolt valuation soars 3X in new round

Tech-enabled construction company Brick&Bolt is raising Rs 16.6 crore (approximately $1.95 million) in its pre-Series B round from Foundamental. Foundamental is a US-based investment firm that has previously invested in Indian companies, including Infra.Market in its Series A round in 2020. The board at Brick&Bolt has passed a special resolution to issue 369 pre-Series B compulsory convertible preference shares at an issue price of Rs 4,50,087 to raise the aforementioned sum, its regulatory filing sourced from the Registrar of Companies (RoC) shows. As per filings, the proceeds will be utilized for immediate working capital and long-term funding requirements for the business. Brick&Bolt provides construction solutions such as complete construction, carpentry, woodwork, kitchen renovations for land and home owners. It operates in Bengaluru, Mysuru, Hyderabad, Chennai, Delhi-NCR and Pune. According to startup data intelligence platform TheKredible, the Bengaluru-based firm has raised approximately $16.5 million to date, led by Surge Ventures, Accel, and Celesta Capital. This includes a $10 million Series A round secured in January 2023 from Accel and Celesta Capital. According to Entrackr’s estimates, the firm will be valued at approximately Rs 891 crore ($105 million) post-allotment, marking a nearly 2.9X increase from around Rs 310 crore ($36.5 million) in its Series A round. Participating investor Foundamental will hold an 8.28% stake. It’s likely to raise additional funds in this round, which may further impact its valuation. The company reported an 81% surge in operating revenue, standing at Rs 42.25 crore for the fiscal year ending March 2024. Notably, it managed to curb losses, which declined by 10% to Rs 31 crore in the last fiscal year (FY24).

10 min food delivery startup Swish raises $14 Mn

Entrackr

Entrackr · 4m ago

10 min food delivery startup Swish raises $14 Mn

Exclusive: 10 min food delivery startup Swish raises $14 Mn Swish, a 10-minute food delivery startup, has secured Rs 122.32 crore in its Series A funding round, led by Hara Global Capital and existing investor Accel India. This follows just three months after its $2 million seed round. The board at Swish has passed a special resolution to issue 4,762 Series A compulsory convertible preference shares at an issue price of Rs 2,56,334 each to raise Rs 112.3 crore or $14 million, its regulatory filing accessed from the Registrar of Companies shows. Hara Global Capital led the round with Rs 69.56 crore while Accel India invested Rs 52.18 crore. Kunal Shah-led QED innovation, and Gaurav Munjal (CEO of Unacademy) and Sumer Juneja, investment advisor at SoftBank, participated with Rs 20.5 lakhs, Rs 5 and Rs 30.7 lakh respectively. According to Entrackr's estimates, the company has been valued at around Rs 522 crore or $60 million post-allotment. After the new funding round, Hara Global Capital will own 13.33%, while Accel India will hold a 27.24% stake in the company. Co-founders Aniket Sunil Shah, Sureshkumar Sarana, and Ujjwal Sukheja will each retain a 16.38% share following the Series A round. Founded in 2024, Swish’s 10-minute delivery model operates within a 1.5–2 km radius using cloud kitchens called ‘delight centers,’ ensuring fresh and hygienic food is delivered swiftly through its optimized full-stack approach. Swish is competing in the fast-expanding instant food delivery market, where Zomato, Swiggy, and Zepto are leading the charge. Zomato-owned Blinkit has also launched Bistro, a standalone app for instant food delivery. In December, Bhavish Aggarwal-led Ola entered the segment, while emerging players like Magicpin and Zing are gaining traction. The latest entrant to the space is cloud kitchen unicorn Rebel Foods, which has introduced a new app called QuickiES.

GreenFortune raises $4.5 mn funding round led by Foundamental

Inshorts · 3m ago

GreenFortune raises $4.5 mn funding round led by Foundamental

GreenFortune, a Hyderabad-based windows and doors brand, secured $4.5 million in a Pre-Series A round led by Foundamental, with Titan Capital Winners Fund and Incubate Fund Asia. The funds will drive national expansion, scale production sixfold, and enhance its tech platform. GreenFortune aims for ₹250 crore ARR in two years while revolutionising India’s fenestration industry.

Food-delivery startup Swish raises $2 million in maiden round led by VC firm Accel

Economic Times

Economic Times · 7m ago

Food-delivery startup Swish raises $2 million in maiden round led by VC firm Accel

Bengaluru-based 10-minute food delivery startup, Swish, has secured $2 million in its first funding round, led by venture capital firm Accel. The funds will be used for expanding operations and scaling the delivery model across Bengaluru and other tier-1 cities. Swish focuses on delivering freshly prepared food within 10 minutes, catering to busy professionals and their immediate cravings. The company aims to open 150-200 cloud kitchens in the next six to eight months to meet the growing demand for quick food delivery.

Linear Raises $82 Million Series C Led by Accel at $1.25 Billion Valuation to Advance AI-Driven Software Collaboration | DeepNewz VC

Business Bytes

Business Bytes · 1m ago

Linear Raises $82 Million Series C Led by Accel at $1.25 Billion Valuation to Advance AI-Driven Software Collaboration | DeepNewz VC

Linear has raised $82 million in a Series C funding round, achieving a $1.25 billion valuation. The funding, led by Accel, aims to advance AI coordination for modern teams and their agents. Linear focuses on deliberate development, prioritizing quality over convention, and plans to scale this approach.

GreenFortune secures $4.5 Mn in pre Series A round

Entrackr

Entrackr · 3m ago

GreenFortune secures $4.5 Mn in pre Series A round

GreenFortune, a windows and doors brand, has raised $4.5 million in a pre-Series A round led by Foundamental. Titan Capital Winners Fund and existing investors Incubate Fund Asia & others participated. The proceeds will be used for national expansion, growing volumes, and building PartnerGate, its tech platform. GreenFortune aims to enhance its R&D and technical services for new products and become a complete solution provider for fenestration products. Founded in May 2022 by Dilip Kumar and Pratyusha Kosaraju, the brand offers affordable uPVC products across 100 locations in India. Products are manufactured in India, Germany, and Japan. In July 2023, GreenFortune raised $1 million led by Incubate Fund Asia.

The Baker’s Dozen raises Rs 33 crore in funding round led by Wipro Consumer VC unit

Economic Times

Economic Times · 1y ago

The Baker’s Dozen raises Rs 33 crore in funding round led by Wipro Consumer VC unit

The Baker's Dozen, a direct-to-consumer bakery brand, has raised INR 33 crore ($4.4 million) in funding led by Wipro Consumer Care Ventures. The funds will be used for distribution growth, expansion into non-metro cities and international markets, brand-building, and marketing initiatives. The startup currently operates in more than 40 cities in India and has entered the Dubai market. The Baker's Dozen offers a range of bakery products and aims to become a profitable entity of INR 500 crore ($66 million) within five years.

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